PennantPark Floating Rate Capital (NYSE:PFLT) Lowered to Sell Rating by Wall Street Zen

Key Points

• PennantPark Floating Rate Capital's stock was downgraded from a "hold" to a "sell" rating by Wall Street Zen, indicating a pessimistic outlook from analysts.
• In contrast, Keefe, Bruyette & Woods recently upgraded the stock from "hold" to "moderate buy" with a price target of $10.50, reflecting some mixed analyst sentiments.
• The company reported a net margin of 28.31% and earnings of $0.28 per share for the last quarter, showcasing moderate financial performance amidst the recent rating changes.

PennantPark Floating Rate Capital (NYSE:PFLT - Get Free Report) was downgraded by investment analysts at Wall Street Zen from a "hold" rating to a "sell" rating in a report issued on Saturday.

Several other equities analysts also recently commented on the stock. Weiss Ratings restated a "hold (c)" rating on shares of PennantPark Floating Rate Capital in a research note on Wednesday. Keefe, Bruyette & Woods raised shares of PennantPark Floating Rate Capital from a "hold" rating to a "moderate buy" rating and set a $10.50 price objective for the company in a research report on Monday, October 6th. One investment analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. According to data from MarketBeat.com, PennantPark Floating Rate Capital currently has an average rating of "Moderate Buy" and an average price target of $10.50.

PennantPark Floating Rate Capital Stock Performance

PFLT stock opened at $8.55 on Friday. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.22 and a current ratio of 0.22. PennantPark Floating Rate Capital has a 52 week low of $8.49 and a 52 week high of $11.90. The stock has a market capitalization of $848.33 million, a P/E ratio of 10.18 and a beta of 0.97.

PennantPark Floating Rate Capital (NYSE:PFLT - Get Free Report) last released its quarterly earnings results on Wednesday, November 17th. The company reported $0.28 EPS for the quarter. PennantPark Floating Rate Capital had a net margin of 28.31% and a return on equity of 10.04%. The business had revenue of $10.69 million for the quarter.

PennantPark Floating Rate Capital Company Profile

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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