PennantPark Floating Rate Capital (PFLT) Upgraded by Zacks Investment Research to Hold

PennantPark Floating Rate Capital stock has undergone multiple analysts rating changes in the recent past.  PennantPark Floating Rate Capital Upgraded by Zacks Investment Research on 10/12/2021. In a note to investors, the firm issued a new rating of Hold. The analysts previously had rating of Sell.

Shares of PennantPark Floating Rate Capital traded up $0.05 on Monday, reaching $13.28. 1000 shares of the stock traded hands, compared to its average volume of 157540. Shares of PennantPark Floating Rate Capital were trading at $13.28 on Monday. The firm’s 50 day moving average is $12.93 and its 200 day moving average is $12.41.PennantPark Floating Rate Capital has a 12 month low of $13.24 and a 12 month high of $13.50. While on yearly highs and lows, PennantPark Floating Rate Capital’s today has traded high as $13.35 and has touched $13.24 on the downward trend. See More Analyst Rating at: RATING

PennantPark Floating Rate Capital Earnings and What to expect: 

PennantPark Floating Rate Capital last posted its quarterly earnings results on August 4th, 2021. The asset manager reported $0.27 EPS for the quarter, missing analysts’ consensus estimates of $0.28 by $0.01. The firm earned $20.91 million during the quarter, compared to analysts’ expectations of $21.08 million. PennantPark Floating Rate Capital has generated $1.12 earnings per share over the last year ($1.78 diluted earnings per share) and currently has a price-to-earnings ratio of 7.5. Earnings for PennantPark Floating Rate Capital are expected to grow by 4.72% in the coming year, from $1.06 to $1.11 per share. PennantPark Floating Rate Capital has confirmed that its next quarterly earnings report will be published on Wednesday, November 17th, 2021.

Earnings for PennantPark Floating Rate Capital are expected to grow by 4.72% in the coming year, from $1.06 to $1.11 per share. The P/E ratio of PennantPark Floating Rate Capital is 7.46, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 14.48. The P/E ratio of PennantPark Floating Rate Capital is 7.46, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 14.41. PennantPark Floating Rate Capital has a PEG Ratio of 0.22. PEG Ratios below 1 indicate that a company could be undervalued. PennantPark Floating Rate Capital has a P/B Ratio of 1.08. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

PennantPark Floating Rate Capital (PFLT) Moving Average Technical Analysis

5 day Moving Average is $13.15 And 5 day price change is $0.32 (2.47%)  with average volume for 5 day average is 152,300. While technical analysis for average 20 days shows significant difference, 20 day moving average is  $12.89 and 20 day price change is $0.37 (2.87%) and average 20 day moving volume is 153,050. 50 day moving average is $12.93  and 50 day price change is $0.31 ( 2.39%)  and with average volume for 50 days is : 176,096. 200 day moving average is $12.41  and 200 day price change is $3.00 (29.18%)  and with average volume for 200 days is : 207,397.

Other owners latest trading in PennantPark Floating Rate Capital :

  • On 10/8/2021 shares held by Wedbush Securities Inc. were 42,606 which equates to market value of $0.55M and appx 0.00% owners of PennantPark Floating Rate Capital
  • On 10/4/2021 shares held by Confluence Investment Management LLC were 65,404 which equates to market value of $0.84M and appx 0.00% owners of PennantPark Floating Rate Capital
  • On 8/23/2021 shares held by Morgan Stanley were 188,721 which equates to market value of $2.40M and appx 0.00% owners of PennantPark Floating Rate Capital
  • In total Institutional ownership equates to Institutional Ownership Percentage: 25.30% for PennantPark Floating Rate Capital

See More Analyst Rating at: RATING