PennantPark Floating Rate Capital Ltd. (NASDAQ:PFLT - Get Free Report) declared a oct 25 dividend on Thursday, October 2nd, RTT News reports. Shareholders of record on Wednesday, October 15th will be given a dividend of 0.1025 per share by the asset manager on Monday, November 3rd.
PennantPark Floating Rate Capital Trading Up 1.8%
Shares of PennantPark Floating Rate Capital stock traded up $0.16 on Thursday, reaching $8.87. 1,616,215 shares of the company's stock were exchanged, compared to its average volume of 1,126,528. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.15 and a current ratio of 0.15. The company has a market capitalization of $879.57 million, a P/E ratio of 6.33 and a beta of 0.98. The firm's 50-day moving average is $10.05 and its two-hundred day moving average is $10.23. PennantPark Floating Rate Capital has a 52 week low of $8.69 and a 52 week high of $11.90.
Wall Street Analyst Weigh In
A number of analysts have commented on the company. UBS Group boosted their price objective on PennantPark Floating Rate Capital from $10.50 to $10.75 and gave the stock a "neutral" rating in a report on Wednesday, July 16th. Keefe, Bruyette & Woods lowered their price target on PennantPark Floating Rate Capital from $11.00 to $10.50 and set a "market perform" rating for the company in a research report on Wednesday, August 13th. Citigroup reaffirmed an "outperform" rating on shares of PennantPark Floating Rate Capital in a report on Tuesday, June 24th. LADENBURG THALM/SH SH upgraded shares of PennantPark Floating Rate Capital to a "strong-buy" rating in a report on Wednesday, August 13th. Finally, JMP Securities reissued a "market outperform" rating and set a $11.00 price target on shares of PennantPark Floating Rate Capital in a research report on Wednesday, September 3rd. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $10.88.
Check Out Our Latest Report on PennantPark Floating Rate Capital
PennantPark Floating Rate Capital Company Profile
(
Get Free Report)
PennantPark Floating Rate Capital Ltd. is a business development company. It seeks to make secondary direct, debt, equity, and loan investments. The fund seeks to invest through floating rate loans in private or thinly traded or small market-cap, public middle market companies. It primarily invests in the United States and to a limited extent non-U.S.
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