Revenue Update on Pennantpark Floating Rate Capital Ltd(NASDAQ:PFLT)

Pennantpark Floating Rate Capital Ltd(NASDAQ:PFLT) announced the earnings results for Fiscal Year 2016 and Q3. The results came in during After-hours on Aug 9, 2016. Company reported revenue of $10.80M. Analysts estimated a revenue of $10.75M. Earnings per share were $0.26. Analysts had estimated an EPS of $0.27.

Several Insider Transactions has been reported to the SEC. On Feb 12, 2016, Samuel L Katz (director) purchased 4,140 shares at $10.50 per share price.Also, On Nov 24, 2015, Jeffrey Flug (director) purchased 500 shares at $11.60 per share price.On Aug 21, 2015, Aviv Efrat (CFO) purchased 15,000 shares at $12.85 per share price, according to the Form-4 filing with the securities and exchange commission.

PennantPark Floating Rate Capital Ltd. is a business development company. The Company is a closed-end externally managed non-diversified investment company. The Company’s objective is to generate current income and capital appreciation by investing primarily in loans bearing a variable-rate of interest or Floating Rate Loans and other investments made to the United States middle-market companies. The Investment Adviser of the Company has invested in Aerospace and Defense Auto Sector Beverage Food and Tobacco Financial Services Buildings and Real Estate and other industries.

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