Pennantpark Floating Rate Capital Ltd (NASDAQ:PFLT) had its price target lifted by Maxim Group from $14.00 to $14.50 in a report issued on Friday. The firm currently has a buy rating on the stock.

Separately, Zacks Investment Research raised Pennantpark Floating Rate Capital from a hold rating to a buy rating and set a $15.00 target price for the company in a report on Wednesday, August 24th. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Pennantpark Floating Rate Capital currently has an average rating of Buy and a consensus target price of $14.38.

Pennantpark Floating Rate Capital (NASDAQ:PFLT) opened at 13.85 on Friday. Pennantpark Floating Rate Capital has a 12 month low of $9.73 and a 12 month high of $13.92. The firm’s 50-day moving average price is $13.18 and its 200-day moving average price is $12.80.

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The business also recently declared a dividend, which will be paid on Thursday, December 1st. Investors of record on Friday, November 18th will be given a $0.095 dividend. The ex-dividend date is Wednesday, November 16th.

A number of institutional investors have recently modified their holdings of the stock. Advisor Group Inc. bought a new position in shares of Pennantpark Floating Rate Capital during the second quarter valued at about $107,000. GAM Holding AG bought a new position in shares of Pennantpark Floating Rate Capital during the third quarter valued at about $119,000. Royal Bank of Canada boosted its position in shares of Pennantpark Floating Rate Capital by 6.5% in the second quarter. Royal Bank of Canada now owns 11,252 shares of the company’s stock valued at $140,000 after buying an additional 691 shares during the period. Wedbush Securities Inc. bought a new position in shares of Pennantpark Floating Rate Capital during the third quarter valued at about $175,000. Finally, Wells Fargo & Company MN boosted its position in shares of Pennantpark Floating Rate Capital by 3.1% in the third quarter. Wells Fargo & Company MN now owns 32,833 shares of the company’s stock valued at $434,000 after buying an additional 990 shares during the period.

About Pennantpark Floating Rate Capital

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.

5 Day Chart for NASDAQ:PFLT

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