Punch Associates Investment Management buys $11,595,721 stake in Pennantpark Floating Rate Capital Ltd (PFLT)

Pennantpark Floating Rate Capital Ltd (PFLT) : Punch Associates Investment Management scooped up 222,593 additional shares in Pennantpark Floating Rate Capital Ltd during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Jul 15, 2016. The investment management firm now holds a total of 917,383 shares of Pennantpark Floating Rate Capital Ltd which is valued at $11,595,721.Pennantpark Floating Rate Capital Ltd makes up approximately 1.29% of Punch Associates Investment Management’s portfolio.

Other Hedge Funds, Including , Cue Financial Group boosted its stake in PFLT in the latest quarter, The investment management firm added 2,601 additional shares and now holds a total of 154,952 shares of Pennantpark Floating Rate Capital Ltd which is valued at $1,949,296. Pennantpark Floating Rate Capital Ltd makes up approx 1.63% of Cue Financial Group’s portfolio.Lgt Capital Partners Ltd. reduced its stake in PFLT by selling 129,687 shares or 25.43% in the most recent quarter. The Hedge Fund company now holds 380,313 shares of PFLT which is valued at $4,784,338. Pennantpark Floating Rate Capital Ltd makes up approx 0.81% of Lgt Capital Partners Ltd.’s portfolio.Berson Corrado Investment Advisors boosted its stake in PFLT in the latest quarter, The investment management firm added 560 additional shares and now holds a total of 38,040 shares of Pennantpark Floating Rate Capital Ltd which is valued at $481,586. Pennantpark Floating Rate Capital Ltd makes up approx 0.18% of Berson Corrado Investment Advisors’s portfolio.

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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