PennantPark Floating Rate Capital (NYSE:PFLT) Receives "Hold (C)" Rating from Weiss Ratings

Key Points

• PennantPark Floating Rate Capital (NYSE:PFLT) received a "hold (c)" rating from Weiss Ratings, indicating caution among investors regarding the stock's performance.
• Other analysts have recently upgraded the stock, with Wall Street Zen shifting it from "sell" to "hold" and Keefe, Bruyette & Woods elevating it to a "moderate buy" with a price target of $10.50.
• The stock opened at $8.78 and has a market capitalization of $871.15 million, reflecting a reasonably stable performance within its 52-week range of $8.69 to $11.90.

PennantPark Floating Rate Capital (NYSE:PFLT - Get Free Report)'s stock had its "hold (c)" rating reiterated by Weiss Ratings in a note issued to investors on Wednesday,Weiss Ratings reports.

Several other equities analysts have also weighed in on PFLT. Wall Street Zen raised shares of PennantPark Floating Rate Capital from a "sell" rating to a "hold" rating in a report on Saturday, September 20th. Keefe, Bruyette & Woods upgraded PennantPark Floating Rate Capital from a "hold" rating to a "moderate buy" rating and set a $10.50 price target on the stock in a report on Monday. One equities research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $10.50.

PennantPark Floating Rate Capital Stock Performance

NYSE:PFLT opened at $8.78 on Wednesday. The stock has a market capitalization of $871.15 million, a PE ratio of 10.45 and a beta of 0.97. The company has a current ratio of 0.22, a quick ratio of 0.22 and a debt-to-equity ratio of 0.83. PennantPark Floating Rate Capital has a fifty-two week low of $8.69 and a fifty-two week high of $11.90.

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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