Virtu Financial LLC Takes Position in PennantPark Floating Rate Capital Ltd. (NASDAQ:PFLT)

Virtu Financial LLC bought a new stake in shares of PennantPark Floating Rate Capital Ltd. (NASDAQ:PFLT) during the 4th quarter, Holdings Channel.com reports. The firm bought 56,077 shares of the asset manager’s stock, valued at approximately $613,000.

A number of other institutional investors have also recently added to or reduced their stakes in the business. NewEdge Wealth LLC lifted its stake in shares of PennantPark Floating Rate Capital by 0.6% during the fourth quarter. NewEdge Wealth LLC now owns 288,372 shares of the asset manager’s stock worth $3,152,000 after purchasing an additional 1,700 shares in the last quarter. Graypoint LLC lifted its position in PennantPark Floating Rate Capital by 2.7% during 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 in the last quarter. PFG Investments LLC boosted its holdings in PennantPark Floating Rate Capital by 2.0% in the 4th quarter. PFG Investments LLC now owns 107,180 shares of the asset manager’s stock worth $1,171,000 after acquiring an additional 2,118 shares during the period. Wilmington Savings Fund Society FSB acquired a new stake in PennantPark Floating Rate Capital in the third quarter valued at approximately $39,000. Finally, Commonwealth Equity Services LLC raised its stake in shares of PennantPark Floating Rate Capital by 10.2% during the fourth 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 owned by hedge funds and other institutional investors.

PennantPark Floating Rate Capital Stock Up 0.8 %

PFLT stock opened at $11.34 on Wednesday. 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 firm has a 50 day simple moving average of $11.16 and a 200-day simple moving average of $11.21. The company has a market capitalization of $997.42 million, a P/E ratio of 8.10 and a beta of 1.67. PennantPark Floating Rate Capital Ltd. has a twelve month low of $10.28 and a twelve month high of $12.02.

PennantPark Floating Rate Capital Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Friday, March 14th will be given a $0.1025 dividend. This represents a $1.23 annualized dividend and a dividend yield of 10.85%. The ex-dividend date of this dividend is Friday, March 14th. PennantPark Floating Rate Capital’s payout ratio is currently 87.86%.

Analysts Set New Price Targets

Several research analysts have recently weighed in on PFLT shares. 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 for the company. StockNews.com downgraded PennantPark Floating Rate Capital from a “hold” rating to a “sell” rating in a research note on Wednesday, March 19th.

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.