The stock price of PennantPark Floating Rate Capital Ltd (NYSE: PFLT) has jumped by 0.18 compared to previous close of 11.09. Despite this, the company has seen a gain of 1.00% in its stock price over the last five trading days. zacks.com reported 2025-03-17 that PennantPark (PFLT) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #1 (Strong Buy).
Is It Worth Investing in PennantPark Floating Rate Capital Ltd (NYSE: PFLT) Right Now?
PennantPark Floating Rate Capital Ltd (NYSE: PFLT) has a price-to-earnings ratio of 8.11x that is above its average ratio. Additionally, the 36-month beta value for PFLT is 1.30. There are mixed opinions on the stock, with 1 analysts rating it as a “buy,” 2 rating it as “overweight,” 5 rating it as “hold,” and 0 rating it as “sell.”
The public float for PFLT is 87.10M and currently, short sellers hold a 0.49% ratio of that float. The average trading volume of PFLT on March 19, 2025 was 1.25M shares.
PFLT’s Market Performance
The stock of PennantPark Floating Rate Capital Ltd (PFLT) has seen a 1.00% increase in the past week, with a -0.71% drop in the past month, and a 0.63% gain in the past quarter. The volatility ratio for the week is 1.23%, and the volatility levels for the past 30 days are at 1.39% for PFLT. The simple moving average for the past 20 days is -0.41% for PFLT’s stock, with a -1.30% 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 -0.30% 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 -7.57% of loss for the given period.
Volatility was left at 1.39%, however, over the last 30 days, the volatility rate increased by 1.23%, as shares sank -0.36% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +1.09% upper at present.
During the last 5 trading sessions, PFLT rose by +1.00%, which changed the moving average for the period of 200-days by -1.24% in comparison to the 20-day moving average, which settled at $11.16. In addition, PennantPark Floating Rate Capital Ltd saw 1.65% 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 6.65. The receivables turnover for the company is 12.23for trailing twelve months and the total asset turnover is 0.07.
Conclusion
In conclusion, PennantPark Floating Rate Capital Ltd (PFLT) has seen mixed performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others rating it 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.
