In a recent bid PennantPark Floating Rate Capital Ltd. [PFLT] faced a contemporary bid of $10.05 yielding a 2.08% incline where 0.25 million shares have exchanged hands over the last week. PFLT amount got a boost by 7.95% or $0.74 versus $9.31 at the end of the prior session. This change led market cap to move at 360.97M, putting the price 200.90% below the 52-week high and -20.68% above the 52-week low. The company’s stock has a normal trading capacity of 0.25 million shares while the relative volume is 4.32.

On 19, November 2020, PennantPark Floating Rate Capital Ltd. to Host Earnings Call. According to news published on Yahoo Finance, NEW YORK, NY / ACCESSWIRE / November 19, 2020 / PennantPark Floating Rate Capital Ltd. (NASDAQ:PFLT) will be discussing their earnings results in their 2020 Fourth Quarter Earnings call to be held on November 19, 2020 at 10:00 AM Eastern Time.

Analyst Birdseye View:

The most recent analyst activity for PennantPark Floating Rate Capital Ltd. [NASDAQ:PFLT] stock was on May 13, 2019, when it was Downgrade with a Neutral rating from Ladenburg Thalmann. On May 09, 2019, Keefe Bruyette Downgrade a Mkt perform rating and plunged its price target on this stock from $14 to $13. On November 16, 2018, Ladenburg Thalmann Upgrade a Buy rating. On May 14, 2018, Ladenburg Thalmann Downgrade a Neutral rating. On May 11, 2017, Ladenburg Thalmann Upgrade a Buy rating. On May 10, 2017, Keefe Bruyette Upgrade an Outperform rating.

In the past 52 weeks of trading, this stock has oscillated between a low of $3.34 and a peak of $12.67. Right now, according to Wall Street analyst the average 12-month amount target is $10.25. At the most recent market close, shares of PennantPark Floating Rate Capital Ltd. [NASDAQ:PFLT] were valued at $10.05. According to the average price forecast, investors can expect a potential return of 6.05%.

FUNDAMENTAL ANALYSIS

PennantPark Floating Rate Capital Ltd. [NASDAQ:PFLT] most recently reported quarterly sales of 15.39 billion, which represented growth of -0.50%. Continuing to look at profitability, this corporation’s Return on Assets, Equity, Whole Principal & invested Principal is sitting at 1.02, 2.20, 1.50 and 1.07 respectively.

The Principal structure of this organization shows its whole liability to whole principal at 55.35 and the whole liability to whole assets at 54.11. It shows enduring liability to the whole principal at 55.35 and enduring liability to assets at 0.54 while looking for an extended time period.

Readers are usually of view to make a close observation to the indicators that support and make resistance before moving to any particular stock. As of now, the company’s stock is sitting at 9.22 points at 1st support level, the second support level is making up to 9.14. But as of 1st resistance point, this stock is sitting at 9.47 and at 9.64 for 2nd resistance point.

PennantPark Floating Rate Capital Ltd. [PFLT] reported its earnings at $0.27 per share in the fiscal quarter closing of 9/29/2020. The Analysts for Wall Street were expecting to report its earnings at $0.26/share signifying the difference of 0.01 and 3.80% surprise value. Comparing the previous quarter ending of 6/29/2020, the stated earnings were $0.26 calling estimates for $0.28/share with the difference of -0.02 depicting the surprise of -7.10%.

Now if looking for a valuation of this stock’s amount to sales ratio it’s 7.31, it’s amount to book ratio is 0.89 and showing 41.01 of P/E (TTM) ratio.

Insider Stories

The most recent insider trade was by KATZ SAMUEL L, Director, and it was the purchase of 15000.0 shares on Jun 10. Bernstein Adam K, the Director, completed a purchase of 4000.0 shares on Mar 31. On Mar 23, Efrat Aviv, Chief Financial Officer, completed a purchase of 18050.0 shares.