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PennantPark Floating Rate Capital Ltd. (PFLT) – key numbers that make it a Strong Buy For Now

PennantPark Floating Rate Capital Ltd. (NYSE: PFLT) is -5.95% lower on its value in year-to-date trading and has touched a low of $9.69 and a high of $12.63 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The PFLT stock was last observed hovering at around $11.42 in the last trading session, with the day’s loss setting it -0.04%.

Currently trading at $11.38, the stock is 0.76% and 0.12% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.96 million and changing -0.35% at the moment leaves the stock 3.10% off its SMA200. PFLT registered 7.26% gain for a year compared to 6-month gain of 8.07%. The firm has a 50-day simple moving average (SMA 50) of $14.58 and a 200-day simple moving average (SMA200) of $26.01.

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The stock witnessed a -0.44% loss in the last 1 month and extending the period to 3 months gives it a -6.26%, and is 1.07% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 1.16% over the week and 1.37% over the month.

Current P/E ratio is 9.56 and Fwd P/E is 9.03. Distance from 52-week low is 17.44% and -9.90% from its 52-week high.

PennantPark Floating Rate Capital Ltd. quarterly earnings per share for the current quarter are estimated at $0.32 with sales reaching $40.19M over the same period.The EPS is expected to shrink by -3.00% this year, but quarterly earnings will post 44.70% year-over-year.

PennantPark Floating Rate Capital Ltd. (PFLT) Top Institutional Holders

119 institutions hold shares in PennantPark Floating Rate Capital Ltd. (PFLT), with institutional investors hold 21.11% of the company’s shares. The shares outstanding are 61.63M, and float is at 60.81M with Short Float at 1.09%. Institutions hold 20.83% of the Float.

The top institutional shareholder in the company is Sound Income Strategies, LLC with over 3.13 million shares valued at $33.34 million. The investor’s holdings represent 5.33% of the PFLT Shares outstanding. As of Jun 29, 2023, the second largest holder is Altshuler Shaham Ltd with 1.84 million shares valued at $19.59 million to account for 3.13% of the shares outstanding. The other top investors are Morgan Stanley which holds 1.4 million shares representing 2.39% and valued at over $14.96 million, while Two Sigma Investments, LP holds 1.76% of the shares totaling 1.03 million with a market value of $10.99 million.

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