PennantPark Floating Rate Capital Ltd. (NYSE: PFLT)’s stock price has plunge by -1.04relation to previous closing price of 11.59. Nevertheless, the company has seen a 1.50% surge in its stock price over the last five trading sessions. Seeking Alpha reported 2024-05-09 that PennantPark Floating Rate Capital (NYSE:PFLT ) Q2 2024 Earnings Conference Call May 9, 2024 9:00 AM ET Company Participants Arthur Penn – Founder, Chairman and CEO Richard Allorto – CFO Conference Call Participants Brian McKenna – Citizens JMP Mark Hughes – Truist Vilas Abraham – UBS Operator Good morning and welcome to the PennantPark Floating Rate Capital’s Second Fiscal Quarter 2024 Earnings Conference Call. Today’s conference is being recorded.
Is It Worth Investing in PennantPark Floating Rate Capital Ltd. (NYSE: PFLT) Right Now?
PennantPark Floating Rate Capital Ltd. (NYSE: PFLT) has a higher price-to-earnings ratio of 9.64x compared to its average ratio, The 36-month beta value for PFLT is at 1.65. Analysts have varying views on the stock, with 4 analysts rating it as a “buy,” 1 rating it as “overweight,” 1 as “hold,” and 0 as “sell.”
The public float for PFLT is 60.81M, and currently, shorts hold a 1.15% of that float. The average trading volume for PFLT on May 10, 2024 was 655.59K shares.
PFLT’s Market Performance
The stock of PennantPark Floating Rate Capital Ltd. (PFLT) has seen a 1.50% increase in the past week, with a 0.35% rise in the past month, and a 1.50% gain in the past quarter. The volatility ratio for the week is 1.58%, and the volatility levels for the past 30 days are at 1.45% for PFLT. The simple moving average for the last 20 days is 0.86% for PFLT stock, with a simple moving average of 3.05% for the last 200 days.
Analysts’ Opinion of PFLT
Many brokerage firms have already submitted their reports for PFLT stocks, with UBS repeating the rating for PFLT by listing it as a “Neutral.” The predicted price for PFLT in the upcoming period, according to UBS is $11 based on the research report published on June 08, 2023 of the previous year 2023.
PFLT Trading at 1.28% from the 50-Day Moving Average
After a stumble in the market that brought PFLT to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -9.18% of loss for the given period.
Volatility was left at 1.45%, however, over the last 30 days, the volatility rate increased by 1.58%, as shares surge +0.70% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +0.35% upper at present.
During the last 5 trading sessions, PFLT rose by +1.50%, which changed the moving average for the period of 200-days by +4.27% in comparison to the 20-day moving average, which settled at $11.38. In addition, PennantPark Floating Rate Capital Ltd. saw -5.21% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for PFLT
Current profitability levels for the company are sitting at:
- 1.33 for the present operating margin
- 0.63 for the gross margin
The net margin for PennantPark Floating Rate Capital Ltd. stands at 0.96. The total capital return value is set at 0.07.
Based on PennantPark Floating Rate Capital Ltd. (PFLT), the company’s capital structure generated 0.56 points at debt to capital in total, while cash flow to debt ratio is standing at -0.06. The debt to equity ratio resting at 1.3. The interest coverage ratio of the stock is 2.36.
Currently, EBITDA for the company is 37.73 million with net debt to EBITDA at 8.45. When we switch over and look at the enterprise to sales, we see a ratio of 19.76. The receivables turnover for the company is 5.36for trailing twelve months and the total asset turnover is 0.05.
Conclusion
In conclusion, PennantPark Floating Rate Capital Ltd. (PFLT) has had a better performance lately. Opinion on the stock among analysts is bullish, with some giving it a “buy” rating and others a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
