PennantPark Floating Rate Capital Ltd (NYSE: PFLT) is -0.09% lower on its value in year-to-date trading and has touched a low of $10.28 and a high of $12.02 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 $11.06 in the last trading session, with the day’s loss setting it -0.14%.
Currently trading at $10.92, the stock is -2.27% and -1.93% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.66 million and changing -1.27% at the moment leaves the stock -3.01% off its SMA200. PFLT registered -3.79% loss for a year compared to 6-month loss of -4.29%. The firm has a 50-day simple moving average (SMA 50) of $11.1346 and a 200-day simple moving average (SMA200) of $11.2592.
The stock witnessed a -4.21% gain in the last 1 month and extending the period to 3 months gives it a -1.62%, and is -1.09% 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 1.44% over the week and 1.51% over the month.
Current P/E ratio is 7.97 and Fwd P/E is 8.41. Distance from 52-week low is 6.26% and -9.15% from its 52-week high.
The EPS is expected to grow by 12.06% this year
143.0 institutions hold shares in PennantPark Floating Rate Capital Ltd (PFLT), with institutional investors hold 21.86% of the company’s shares. The shares outstanding are 87.96M, and float is at 87.08M with Short Float at 0.49%. Institutions hold 21.65% of the Float.
The top institutional shareholder in the company is SOUND INCOME STRATEGIES, LLC with over 2.66 million shares valued at $30.66 million. The investor’s holdings represent 3.8792 of the PFLT Shares outstanding. As of 2024-06-30, the second largest holder is ALTSHULER SHAHAM LTD with 1.57 million shares valued at $18.15 million to account for 2.2972 of the shares outstanding. The other top investors are TWO SIGMA INVESTMENTS, LP which holds 1.32 million shares representing 2.1566 and valued at over $15.22 million, while VAN ECK ASSOCIATES CORP holds 2.143 of the shares totaling 1.47 million with a market value of $16.94 million.
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).
