Pennantpark Floating Rate Capital Ltd (PFLT) Sees Unusually-High Trading Volume
Pennantpark Floating Rate Capital Ltd (NASDAQ:PFLT) shares saw unusually-strong trading volume on Wednesday . Approximately 89,952 shares changed hands during trading, an increase of 15% from the previous session’s volume of 78,533 shares.The stock last traded at $12.60 and had previously closed at $12.69.
A number of equities research analysts have recently issued reports on PFLT shares. Zacks Investment Research lowered shares of Pennantpark Floating Rate Capital from a “hold” rating to a “sell” rating in a report on Tuesday, March 22nd. TheStreet upgraded shares of Pennantpark Floating Rate Capital from a “hold” rating to a “buy” rating in a research note on Monday, March 21st. One analyst has rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. Pennantpark Floating Rate Capital presently has a consensus rating of “Buy” and a consensus price target of $14.00.
The company has a market cap of $336.26 million and a PE ratio of 27.59. The firm’s 50-day moving average is $12.33 and its 200-day moving average is $11.64.
The company also recently declared a dividend, which will be paid on Monday, August 1st. Stockholders of record on Wednesday, July 20th will be paid a dividend of $0.095 per share. The ex-dividend date of this dividend is Monday, July 18th.
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.
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