Trade Report: Today, Pennantpark Floating Rate Capital Ltd (PFLT) Price Target Raised to $14.50

Today, Pennantpark Floating Rate Capital Ltd (PFLT) Price Target Raised to $14.50

Pennantpark Floating Rate Capital Ltd (NASDAQ:PFLT) had its target price boosted by research analysts at Maxim Group from $14.00 to $14.50 in a research note issued to investors on Friday. The brokerage currently has a “buy” rating on the stock. Maxim Group’s target price points to a potential upside of 8.13% from the company’s previous close.

Separately, Zacks Investment Research downgraded Pennantpark Floating Rate Capital from a “buy” rating to a “hold” rating in a research note on Wednesday, October 5th. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $14.38.

Pennantpark Floating Rate Capital (NASDAQ:PFLT) opened at 13.41 on Friday. The firm’s 50-day moving average price is $13.15 and its 200 day moving average price is $12.76. The stock has a market cap of $358.45 million and a P/E ratio of 17.93. Pennantpark Floating Rate Capital has a 52-week low of $9.73 and a 52-week high of $13.65.

The firm also recently disclosed a dividend, which will be paid on Thursday, December 1st. Stockholders of record on Friday, November 18th will be given a dividend of $0.095 per share. The ex-dividend date is Wednesday, November 16th.

Several institutional investors have recently modified their holdings of PFLT. LPL Financial LLC increased its position in shares of Pennantpark Floating Rate Capital by 13.0% in the first quarter. LPL Financial LLC now owns 92,347 shares of the company’s stock valued at $1,092,000 after buying an additional 10,655 shares in the last quarter. Berson & Corrado Investment Advisors LLC increased its position in shares of Pennantpark Floating Rate Capital by 1.5% in the second quarter. Berson & Corrado Investment Advisors LLC now owns 38,040 shares of the company’s stock valued at $472,000 after buying an additional 560 shares in the last quarter. Cue Financial Group Inc. increased its position in shares of Pennantpark Floating Rate Capital by 1.7% in the second quarter. Cue Financial Group Inc. now owns 154,952 shares of the company’s stock valued at $1,921,000 after buying an additional 2,601 shares in the last quarter. Punch & Associates Investment Management Inc. increased its position in shares of Pennantpark Floating Rate Capital by 32.0% in the second quarter. Punch & Associates Investment Management Inc. now owns 917,383 shares of the company’s stock valued at $11,376,000 after buying an additional 222,593 shares in the last quarter. Finally, Confluence Investment Management LLC increased its position in shares of Pennantpark Floating Rate Capital by 1.1% in the second quarter. Confluence Investment Management LLC now owns 152,838 shares of the company’s stock valued at $1,895,000 after buying an additional 1,700 shares in the last quarter.

About Pennantpark Floating Rate Capital

Related posts

Leave a Comment