PennantPark Floating Rate Capital Ltd. (NASDAQ:PFLT) Shares Sold by Quantbot Technologies LP

Quantbot Technologies LP lowered its holdings in PennantPark Floating Rate Capital Ltd. (NASDAQ:PFLT) by 56.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 13,389 shares of the asset manager’s stock after selling 17,032 shares during the period. Quantbot Technologies LP’s holdings in PennantPark Floating Rate Capital were worth $146,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. NewEdge Wealth LLC grew its position in PennantPark Floating Rate Capital by 0.6% in the fourth quarter. NewEdge Wealth LLC now owns 288,372 shares of the asset manager’s stock worth $3,152,000 after buying an additional 1,700 shares during the last quarter. Graypoint LLC grew its holdings in shares of PennantPark Floating Rate Capital by 2.7% in the 4th quarter. Graypoint LLC now owns 71,156 shares of the asset manager’s stock worth $778,000 after acquiring an additional 1,897 shares during the last quarter. PFG Investments LLC raised its position in shares of PennantPark Floating Rate Capital by 2.0% during the fourth quarter. PFG Investments LLC now owns 107,180 shares of the asset manager’s stock worth $1,171,000 after purchasing an additional 2,118 shares during the period. Wilmington Savings Fund Society FSB purchased a new stake in shares of PennantPark Floating Rate Capital during the third quarter valued at $39,000. Finally, Commonwealth Equity Services LLC boosted its position in shares of PennantPark Floating Rate Capital by 10.2% in the 4th quarter. Commonwealth Equity Services LLC now owns 40,826 shares of the asset manager’s stock valued at $446,000 after purchasing an additional 3,782 shares during the period. 19.77% of the stock is currently owned by institutional investors.

PennantPark Floating Rate Capital Stock Down 1.3 %

Shares of PennantPark Floating Rate Capital stock opened at $11.28 on Monday. PennantPark Floating Rate Capital Ltd. has a 1 year low of $10.28 and a 1 year high of $12.02. The company has a market cap of $991.70 million, a P/E ratio of 8.05 and a beta of 1.67. The company has a current ratio of 0.15, a quick ratio of 0.15 and a debt-to-equity ratio of 0.57. The stock has a 50-day moving average price of $11.18 and a 200 day moving average price of $11.21.

PennantPark Floating Rate Capital Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, April 1st. Investors of record on Friday, March 14th will be given a dividend of $0.1025 per share. This represents a $1.23 dividend on an annualized basis and a yield of 10.91%. The ex-dividend date is Friday, March 14th. PennantPark Floating Rate Capital’s payout ratio is presently 87.86%.

Analysts Set New Price Targets

Several research firms have issued reports on PFLT. StockNews.com downgraded PennantPark Floating Rate Capital from a “hold” rating to a “sell” rating in a report on Wednesday, March 19th. Raymond James started coverage on shares of PennantPark Floating Rate Capital in a research report on Friday, December 20th. They issued a “market perform” rating for the company.

About PennantPark Floating Rate Capital

PennantPark Floating Rate Capital Ltd. is a business development company. It seeks to make secondary direct, debt, equity, and loan investments. The fund seeks to invest through floating rate loans in private or thinly traded or small market-cap, public middle market companies. It primarily invests in the United States and to a limited extent non-U.S.