November 25, 2016 - By Winifred Garcia
Maxim Group currently has a $14.5 target price on the $356.59 million market cap company or 8.13% upside potential. In an analyst note issued to investors and clients on Friday morning, PennantPark Floating Rate Capital (PFLT) stock had its Buy Rating maintained by equity research analysts at Maxim Group.
The stock decreased 0.52% or $0.07 on November 23, hitting $13.41. Pennantpark Floating Rate Capital Ltd (PFLT) has risen 11.29% since April 22, 2016 and is uptrending. It has outperformed by 5.88% the S&P500.
Insitutional Activity: The institutional sentiment increased to 1.57 in Q2 2016. Its up 0.41, from 1.16 in 2016Q1. The ratio improved, as 8 funds sold all Pennantpark Floating Rate Capital Ltd shares owned while 17 reduced positions. 8 funds bought stakes while 21 increased positions. They now own 6.80 million shares or 6.54% more from 6.39 million shares in 2016Q1.
Sphinx Trading Limited Partnership accumulated 1,700 shares or 0.04% of the stock. Tower Ltd Com (Trc) last reported 796 shares in the company. Atwood And Palmer accumulated 640 shares or 0% of the stock. Goldman Sachs Group accumulated 0% or 12,353 shares. Yorktown Management And Rech has 0.16% invested in the company for 55,000 shares. Citigroup last reported 0% of its portfolio in the stock. Ubs Asset Americas Inc holds 47,702 shares or 0% of its portfolio. Blackrock Group Ltd accumulated 143,386 shares or 0% of the stock. Stifel Fincl Corp holds 27,289 shares or 0% of its portfolio. Hightower Advsrs Limited Company accumulated 0.02% or 97,896 shares. Jbf Capital last reported 6,245 shares in the company. The Ontario – Canada-based Royal Commercial Bank Of Canada has invested 0% in Pennantpark Floating Rate Capital Ltd (NASDAQ:PFLT). Commercial Bank Of America De holds 11,969 shares or 0% of its portfolio. Wells Fargo & Mn holds 31,843 shares or 0% of its portfolio. Ladenburg Thalmann Fincl Inc has invested 0.01% of its portfolio in Pennantpark Floating Rate Capital Ltd (NASDAQ:PFLT).
PennantPark Floating Rate Capital Ltd. is a business development company. The company has a market cap of $356.59 million. The Firm is a closed-end, externally managed, non-diversified investment company. It has a 18.68 P/E ratio. The Company’s objective is to generate current income and capital appreciation by investing primarily in loans bearing a variable-rate of interest, or Floating Rate Loans, and other investments made to the United States middle-market companies.
More recent Pennantpark Floating Rate Capital Ltd (NASDAQ:PFLT) news were published by: Nasdaq.com which released: “PennantPark Floating Rate Capital Ltd. (PFLT) Ex-Dividend Date Scheduled for …” on November 15, 2016. Also Prnewswire.com published the news titled: “PennantPark Floating Rate Capital Ltd. and MCG Capital Corporation Announce …” on August 18, 2015. Prnewswire.com‘s news article titled: “Stockholders of PennantPark Floating Rate Capital Ltd. and MCG Capital …” with publication date: August 14, 2015 was also an interesting one.
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