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PennantPark Floating Rate Capital Ltd (NAS:PFLT)
3-Year Average Buyback Ratio
-21.50 (As of Sep. 2016)

This is the average share buyback rate of the company over the past 3 years. A negative number means the company might be issuing new shares. A positive number indicates that the company is buying back shares.

PFLT' s 3-Year Average Buyback Ratio Range Over the Past 10 Years
Min: -57.4   Max: -21.5
Current: -21.5

-57.4
-21.5

During the past 6 years, PennantPark Floating Rate Capital Ltd's highest 3-Year Average Share Buyback Ratio was -21.50. The lowest was -57.40. And the median was -29.60.

PFLT's 3-Year Average Buyback Ratio is ranked lower than
85% of the 872 Companies
in the Global Asset Management industry.

( Industry Median: -1.30 vs. PFLT: -21.50 )

Definition

This is the average share buyback rate of the company over the past 3 years.


Explanation

A negative number means the company might be issuing new shares. A positive number indicates that the company is buying back shares.


Be Aware

Investors usually like share buybacks. But as pointed by Warren Buffett, only if a company buys back shares at the prices below the stock's intrinsic value, it rewards remaining shareholders. If a company buys its overvalued stocks back, it destroys shareholder value.


Related Terms

Net Income

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