PennantPark Floating Rate Capital Ltd (NYSE: PFLT) is -5.79% 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 $11.73 in the last trading session, with the day’s loss setting it -0.33%.
Currently trading at $11.40, the stock is -1.97% and -0.60% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.14 million and changing -2.81% at the moment leaves the stock 0.99% off its SMA200. PFLT registered 5.56% gain for a year compared to 6-month loss of -3.47%.
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The stock witnessed a 1.15% gain in the last 1 month and extending the period to 3 months gives it a 2.61%, and is -4.52% down 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 1.69% over the week and 1.26% over the month.
Current P/E ratio is 7.40 and Fwd P/E is 8.91. Distance from 52-week low is 17.65% and -9.74% from its 52-week high.
The EPS is expected to shrink by -3.00% this year
The shares outstanding are 66.73M, and float is at 65.89M with Short Float at 0.96%.
PennantPark Floating Rate Capital Ltd (PFLT) Insider Activity
The most recent transaction is an insider purchase by Briones Jose A, the company’s Director. SEC filings show that Briones Jose A bought 1,745 shares of the company’s common stock on Jun 05 ’24 at a price of $11.40 per share for a total of $19892.0. Following the purchase, the insider now owns 0.32 million shares.
PennantPark Floating Rate Capital Ltd disclosed in a document filed with the SEC on May 30 ’24 that Allorto Richard T JR (CFO and Treasurer) bought a total of 10,000 shares of the company’s common stock. The trade occurred on May 30 ’24 and was made at $11.30 per share for $0.11 million. Following the transaction, the insider now directly holds 10000.0 shares of the PFLT stock.
Still, SEC filings show that on May 28 ’24, Briones Jose A (Director) acquired 885 shares at an average price of $11.33 for $10027.0. The insider now directly holds 317,738 shares of PennantPark Floating Rate Capital Ltd (PFLT).
