PennantPark Floating Rate Capital Ltd. (NASDAQ:PFLT) Shares Sold by Trexquant Investment LP

Trexquant Investment LP decreased its stake in shares of PennantPark Floating Rate Capital Ltd. (NASDAQ:PFLT) by 13.1% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 373,613 shares of the asset manager’s stock after selling 56,560 shares during the period. Trexquant Investment LP owned 0.45% of PennantPark Floating Rate Capital worth $4,084,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Wilmington Savings Fund Society FSB purchased a new position in PennantPark Floating Rate Capital during the third quarter worth about $39,000. Investment Partners LTD. acquired a new stake in shares of PennantPark Floating Rate Capital during the 4th quarter worth $109,000. Sigma Planning Corp purchased a new position in shares of PennantPark Floating Rate Capital in the 4th quarter worth $119,000. Mirae Asset Global Investments Co. Ltd. acquired a new position in PennantPark Floating Rate Capital in the fourth quarter valued at $131,000. Finally, Blue Trust Inc. purchased a new stake in PennantPark Floating Rate Capital during the fourth quarter valued at about $136,000. Institutional investors and hedge funds own 19.77% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on PFLT. Raymond James assumed coverage on PennantPark Floating Rate Capital in a research note on Friday, December 20th. They issued a “market perform” rating on the stock. StockNews.com upgraded shares of PennantPark Floating Rate Capital from a “sell” rating to a “hold” rating in a research note on Thursday.

PennantPark Floating Rate Capital Price Performance

Shares of NASDAQ:PFLT opened at $10.04 on Friday. The company has a market cap of $882.64 million, a PE ratio of 7.17 and a beta of 1.30. PennantPark Floating Rate Capital Ltd. has a fifty-two week low of $10.02 and a fifty-two week high of $12.02. The firm has a 50-day simple moving average of $11.14 and a 200 day simple moving average of $11.19. The company has a quick ratio of 0.15, a current ratio of 0.15 and a debt-to-equity ratio of 0.57.

PennantPark Floating Rate Capital Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Thursday, May 1st. Stockholders of record on Tuesday, April 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 12.26%. The ex-dividend date is Tuesday, April 15th. PennantPark Floating Rate Capital’s payout ratio is 87.86%.

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.