PennantPark Floating Rate Capital Ltd. (NASDAQ:PFLT) Shares Sold by Jane Street Group LLC

Jane Street Group LLC trimmed its position in shares of PennantPark Floating Rate Capital Ltd. (NASDAQ:PFLT) by 51.4% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 14,417 shares of the asset manager’s stock after selling 15,240 shares during the period. Jane Street Group LLC’s holdings in PennantPark Floating Rate Capital were worth $167,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in PFLT. Millennium Management LLC grew its stake in shares of PennantPark Floating Rate Capital by 391.3% during the second quarter. Millennium Management LLC now owns 783,912 shares of the asset manager’s stock valued at $9,046,000 after acquiring an additional 624,342 shares in the last quarter. Van ECK Associates Corp grew its stake in PennantPark Floating Rate Capital by 22.5% during the 3rd quarter. Van ECK Associates Corp now owns 1,798,265 shares of the asset manager’s stock valued at $20,554,000 after purchasing an additional 330,731 shares in the last quarter. Sound Income Strategies LLC increased its holdings in PennantPark Floating Rate Capital by 11.5% during the 3rd quarter. Sound Income Strategies LLC now owns 2,963,258 shares of the asset manager’s stock worth $34,285,000 after purchasing an additional 306,690 shares during the last quarter. Cubist Systematic Strategies LLC acquired a new position in shares of PennantPark Floating Rate Capital in the 2nd quarter valued at approximately $1,769,000. Finally, Crescent Grove Advisors LLC purchased a new position in shares of PennantPark Floating Rate Capital during the 3rd quarter valued at approximately $476,000. Hedge funds and other institutional investors own 19.77% of the company’s stock.

Analysts Set New Price Targets

PFLT has been the topic of several recent analyst reports. StockNews.com cut shares of PennantPark Floating Rate Capital from a “hold” rating to a “sell” rating in a report on Tuesday, December 24th. Raymond James began coverage on shares of PennantPark Floating Rate Capital in a research note on Friday, December 20th. They issued a “market perform” rating on the stock.

PennantPark Floating Rate Capital Trading Up 0.4 %

NASDAQ PFLT opened at $10.95 on Tuesday. The firm has a market capitalization of $911.37 million, a PE ratio of 7.66 and a beta of 1.65. PennantPark Floating Rate Capital Ltd. has a one year low of $10.28 and a one year high of $12.13. The company has a 50-day simple moving average of $11.01 and a 200-day simple moving average of $11.27. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.18 and a current ratio of 0.18.

PennantPark Floating Rate Capital Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Monday, February 3rd. Stockholders of record on Wednesday, January 15th will be given a dividend of $0.1025 per share. This represents a $1.23 dividend on an annualized basis and a dividend yield of 11.23%. The ex-dividend date is Wednesday, January 15th. PennantPark Floating Rate Capital’s payout ratio is 86.01%.

PennantPark Floating Rate Capital Company Profile

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.