NEW YORK (AP) _ PennantPark Floating Rate Capital Ltd. (PFLT) on Wednesday reported fiscal fourth-quarter profit of $17 million.

The New York-based company said it had profit of 43 cents per share. Earnings, adjusted for investment gains, came to 27 cents per share.

The investment company posted revenue of $21.8 million in the period.

For the year, the company reported profit of $18.4 million, or 47 cents per share. Revenue was reported as $95.5 million.

PennantPark shares have declined 24% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $9.31, a drop of 20% in the last 12 months.

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on PFLT at https://www.zacks.com/ap/PFLT

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