What is PennantPark Floating Rate Capital 3-Year Share Buyback Ratio?
Shares Outstanding (EOP) are shares that have been authorized, issued, and purchased by investors and are held by them.
3-Year Share Buyback Ratio measures the average annual proportion of a company's outstanding shares repurchased over the past three years. It is calculated as the annualized percentage change in shares outstanding from three years ago to the current year. A positive ratio may indicate share buybacks over the period, while a zero or negative ratio may reflect no repurchases or potential share issuance. PennantPark Floating Rate Capital's current 3-Year Share Buyback Ratio was -25.90%.
The historical rank and industry rank for PennantPark Floating Rate Capital's 3-Year Share Buyback Ratio or its related term are showing as below:
PFLT'
s 3-Year Share Buyback Ratio Range Over the Past 10 Years
Min: -57.4 Med: -14.8 Max: -0.1
Current: -25.9
During the past 13 years, PennantPark Floating Rate Capital's highest 3-Year Share Buyback Ratio was -0.10%. The lowest was -57.40%. And the median was -14.80%.
PFLT's 3-Year Share Buyback Ratio is ranked worse than 90.45% of 1162
companies
in the Asset Management industry
Industry Median: -0.9
vs PFLT: -25.90
Competitive Comparison of PennantPark Floating Rate Capital's 3-Year Share Buyback Ratio
For the Asset Management subindustry, PennantPark Floating Rate Capital's 3-Year Share Buyback Ratio, along with its competitors' market caps and 3-Year Share Buyback Ratio data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
PennantPark Floating Rate Capital's 3-Year Share Buyback Ratio Distribution in the Asset Management Industry
For the Asset Management industry and Financial Services sector, PennantPark Floating Rate Capital's 3-Year Share Buyback Ratio distribution charts can be found below:
* The bar in red indicates where PennantPark Floating Rate Capital's 3-Year Share Buyback Ratio falls into.
PennantPark Floating Rate Capital 3-Year Share Buyback Ratio Calculation
This is the annualized percentage change in shares outstanding from three years ago to the current year. The annualized percentage change is calculated with expontential compound based on the latest four years of annual data on Shares Outstanding (EOP).
Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the average dividends per share growth rate.
PennantPark Floating Rate Capital (NYSE:PFLT) 3-Year Share Buyback Ratio 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.
PennantPark Floating Rate Capital 3-Year Share Buyback Ratio Related Terms
Thank you for viewing the detailed overview of PennantPark Floating Rate Capital's 3-Year Share Buyback Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
PennantPark Floating Rate Capital Business Description
PennantPark Floating Rate Capital Ltd is a closed-end, externally managed, non-diversified investment company. Its investment objectives are to generate current income and capital appreciation by investing in Floating Rate Loans and other investments made to U.S. middle-market companies. The company believes that Floating Rate Loans to U.S. middle-market companies offer attractive risk-reward to investors due to the limited amount of capital available for such companies and the potential for rising interest rates. The company generate revenue in the form of interest income on the debt securities and dividends.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
PFLT has been successfully added to your