Jmac Enterprises LLC Acquires 5,258 Shares of PennantPark Floating Rate Capital Ltd. (NASDAQ:PFLT)

Jmac Enterprises LLC grew its holdings in PennantPark Floating Rate Capital Ltd. (NASDAQ:PFLT) by 50.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 15,669 shares of the asset manager’s stock after purchasing an additional 5,258 shares during the period. Jmac Enterprises LLC’s holdings in PennantPark Floating Rate Capital were worth $171,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in PFLT. Sound Income Strategies LLC boosted its holdings in shares of PennantPark Floating Rate Capital by 12.0% in the fourth quarter. Sound Income Strategies LLC now owns 3,320,039 shares of the asset manager’s stock valued at $36,288,000 after purchasing an additional 356,781 shares during the period. Van ECK Associates Corp raised its position 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. Strategic Financial Concepts LLC raised its position in PennantPark Floating Rate Capital by 1,080.4% during the 4th quarter. Strategic Financial Concepts LLC now owns 723,566 shares of the asset manager’s stock valued at $7,909,000 after purchasing an additional 662,266 shares in the last quarter. Advisors Asset Management Inc. lifted its holdings in shares of PennantPark Floating Rate Capital by 9.2% in the 3rd quarter. Advisors Asset Management Inc. now owns 281,626 shares of the asset manager’s stock worth $3,258,000 after buying an additional 23,836 shares during the period. Finally, JPMorgan Chase & Co. grew its position in shares of PennantPark Floating Rate Capital by 72.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 251,733 shares of the asset manager’s stock worth $2,913,000 after buying an additional 105,855 shares in the last quarter. 19.77% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several analysts recently weighed in on PFLT shares. StockNews.com upgraded PennantPark Floating Rate Capital from a “sell” rating to a “hold” rating in a report on Wednesday. Raymond James started coverage on shares of PennantPark Floating Rate Capital in a report on Friday, December 20th. They issued a “market perform” rating for the company.

PennantPark Floating Rate Capital Trading Down 1.6 %

PFLT opened at $11.22 on Thursday. The company has a current ratio of 0.18, a quick ratio of 0.18 and a debt-to-equity ratio of 0.63. The firm has a market cap of $933.76 million, a price-to-earnings ratio of 8.72 and a beta of 1.65. PennantPark Floating Rate Capital Ltd. has a 12 month low of $10.28 and a 12 month high of $12.02. The stock has a fifty day moving average price of $11.03 and a 200-day moving average price of $11.20.

PennantPark Floating Rate Capital Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Tuesday, February 18th will be given a dividend of $0.1025 per share. This represents a $1.23 annualized dividend and a dividend yield of 10.96%. The ex-dividend date is Tuesday, February 18th. PennantPark Floating Rate Capital’s payout ratio is 86.01%.

PennantPark Floating Rate Capital 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.