PennantPark Floating Rate Capital (NYSE:PFLT) Upgraded at Keefe, Bruyette & Woods

Key Points

• PennantPark Floating Rate Capital has been upgraded by Keefe, Bruyette & Woods from a "hold" to a "moderate buy" rating.
• The stock has an average rating of "Moderate Buy" from various analysts, with ratings ranging from "buy" to "hold."
• As of Monday, shares of PFLT opened at $8.86, with a market capitalization of approximately $879 million.

PennantPark Floating Rate Capital (NYSE:PFLT - Get Free Report) was upgraded by research analysts at Keefe, Bruyette & Woods from a "hold" rating to a "moderate buy" rating in a report released on Monday,Zacks.com reports.

A number of other equities research analysts have also commented on PFLT. Weiss Ratings reaffirmed a "hold (c)" rating on shares of PennantPark Floating Rate Capital in a research report on Saturday, September 27th. Wall Street Zen raised shares of PennantPark Floating Rate Capital from a "sell" rating to a "hold" rating in a research report on Saturday, September 20th. One research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, PennantPark Floating Rate Capital presently has an average rating of "Moderate Buy".

PennantPark Floating Rate Capital Stock Up 0.1%

Shares of NYSE:PFLT opened at $8.86 on Monday. PennantPark Floating Rate Capital has a 52 week low of $8.69 and a 52 week high of $11.90. The company has a market capitalization of $879.09 million, a price-to-earnings ratio of 10.55 and a beta of 0.97. The company has a quick ratio of 0.22, a current ratio of 0.22 and a debt-to-equity ratio of 0.83.

About PennantPark Floating Rate Capital

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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