PennantPark Floating Rate Capital Ltd (NYSE: PFLT) has a price-to-earnings ratio that is above its average at 8.26x. The stock has a 36-month beta value of 1.65. Opinions on the stock are mixed, with 1 analysts rating it as a “buy,” 2 as “overweight,” 5 as “hold,” and 0 as “sell.”
The public float for PFLT is 87.08M, and at present, short sellers hold a 0.44% of that float. On February 28, 2025, the average trading volume of PFLT was 1.15M shares.
PFLT) stock’s latest price update
The stock of PennantPark Floating Rate Capital Ltd (NYSE: PFLT) has increased by 0.98 when compared to last closing price of 11.21. Despite this, the company has experienced a 1.43% gain in its stock price over the last five trading sessions. seekingalpha.com reported 2025-02-26 that When it comes to investing, there are always many selections that investors have in terms of the approach they want to take. As I’m a heavily income-oriented investor, I tend to straddle my selections primarily through higher-yielding investment options but also dividend growth choices. Dividend growth investments may not be as exciting up front, but over time, all the small increases can add up.
PFLT’s Market Performance
PFLT’s stock has risen by 1.43% in the past week, with a monthly rise of 3.19% and a quarterly rise of 2.72%. The volatility ratio for the week is 1.51% while the volatility levels for the last 30 days are 1.70% for PennantPark Floating Rate Capital Ltd The simple moving average for the past 20 days is 1.11% for PFLT’s stock, with a 0.46% simple moving average for the past 200 days.
Analysts’ Opinion of PFLT
Maxim Group, on the other hand, stated in their research note that they expect to see PFLT reach a price target of $12. The rating they have provided for PFLT stocks is “Buy” according to the report published on August 12th, 2024.
UBS gave a rating of “Neutral” to PFLT, setting the target price at $11 in the report published on June 08th of the previous year.
PFLT Trading at 2.21% 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 -5.82% of loss for the given period.
Volatility was left at 1.70%, however, over the last 30 days, the volatility rate increased by 1.51%, as shares surge +1.25% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +2.54% upper at present.
During the last 5 trading sessions, PFLT rose by +1.34%, which changed the moving average for the period of 200-days by -1.74% in comparison to the 20-day moving average, which settled at $11.20. In addition, PennantPark Floating Rate Capital Ltd saw 3.57% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at PFLT starting from Briones Jose A, who purchase 1,745 shares at the price of $11.40 back on Jun 05 ’24. After this action, Briones Jose A now owns 319,598 shares of PennantPark Floating Rate Capital Ltd, valued at $19,892 using the latest closing price.
Allorto Richard T JR, the CFO and Treasurer of PennantPark Floating Rate Capital Ltd, purchase 10,000 shares at $11.30 during a trade that took place back on May 30 ’24, which means that Allorto Richard T JR is holding 10,000 shares at $113,000 based on the most recent closing price.
Stock Fundamentals for PFLT
Current profitability levels for the company are sitting at:
- 0.19 for the present operating margin
- 1.09 for the gross margin
The net margin for PennantPark Floating Rate Capital Ltd stands at 0.61. The total capital return value is set at 0.01.
Based on PennantPark Floating Rate Capital Ltd (PFLT), the company’s capital structure generated 0.16 points at debt to capital in total, while cash flow to debt ratio is standing at -3.58. The debt to equity ratio resting at 0.19. The interest coverage ratio of the stock is 0.42.
When we switch over and look at the enterprise to sales, we see a ratio of 6.77. The receivables turnover for the company is 12.23for trailing twelve months and the total asset turnover is 0.07.
Conclusion
To sum up, PennantPark Floating Rate Capital Ltd (PFLT) has seen a better performance recently. Analysts have differing views on the stock, with some seeing it as a “buy” and others as 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.
