Ares Management Has Trimmed Penantpark Floating Rate (PFLT) Holding By $2.43 Million; 1 Analysts Are Bullish Rocky Mountain Dealerships Inc. (TSE:RME) Last Week

January 12, 2018 - By olga

Among 2 analysts covering Rocky Mountain Dealerships Inc. (TSE:RME), 1 have Buy rating, 0 Sell and 1 Hold. Therefore 50% are positive. Rocky Mountain Dealerships Inc. had 16 analyst reports since August 13, 2015 according to SRatingsIntel. The firm has “Sector Outperformer” rating by IBC given on Friday, November 13. The firm earned “Sector Perform” rating on Thursday, August 13 by Scotia Capital. See Rocky Mountain Dealerships Inc. (TSE:RME) latest ratings:

10/11/2017 Broker: TD Securities Rating: Buy Old Target: $13.00 New Target: $13.50 Target Up

Ares Management Llc decreased Penantpark Floating Rate (PFLT) stake by 41.92% reported in 2017Q3 SEC filing. Ares Management Llc sold 173,368 shares as Penantpark Floating Rate (PFLT)’s stock rose 2.41%. The Ares Management Llc holds 240,236 shares with $3.48 million value, down from 413,604 last quarter. Penantpark Floating Rate now has $526.41 million valuation. The stock increased 0.44% or $0.06 during the last trading session, reaching $13.68. About 248,772 shares traded. PennantPark Floating Rate Capital Ltd. (NASDAQ:PFLT) has risen 19.25% since January 12, 2017 and is uptrending. It has outperformed by 2.55% the S&P500.

The stock increased 1.06% or $0.145 during the last trading session, reaching $13.895. About 110,698 shares traded or 167.03% up from the average. Rocky Mountain Dealerships Inc. (TSE:RME) has 0.00% since January 12, 2017 and is . It has underperformed by 16.70% the S&P500.

Rocky Mountain Dealerships Inc., together with its subsidiaries, sells, leases, and provides support services for new and used agriculture and industrial equipment in Canada. The company has market cap of $269.34 million. The firm primarily provides utility tractors, harvesters, sprayers, articulated 4WD tractors, skid steer loaders, excavators, wheel loaders, and equipment for maintaining barns and feedlots. It has a 13.91 P/E ratio. It also provides light and heavy construction equipment; collects geospatial survey data using unmanned aerial vehicles; and distributes automotive and agricultural parts and supplies.

Among 8 analysts covering PennantPark Floating Rate Capital (NASDAQ:PFLT), 5 have Buy rating, 0 Sell and 3 Hold. Therefore 63% are positive. PennantPark Floating Rate Capital had 14 analyst reports since August 26, 2015 according to SRatingsIntel. The firm has “Buy” rating given on Sunday, July 23 by Keefe Bruyette & Woods. The firm has “Buy” rating given on Wednesday, August 9 by Maxim Group. The stock of PennantPark Floating Rate Capital Ltd. (NASDAQ:PFLT) has “Buy” rating given on Friday, December 1 by Maxim Group. As per Thursday, May 11, the company rating was upgraded by Ladenburg Thalmann. Maxim Group maintained the shares of PFLT in report on Monday, November 16 with “Buy” rating. Zacks upgraded it to “Hold” rating and $13 target in Wednesday, August 26 report. The rating was maintained by Wood with “Market Perform” on Wednesday, August 26. Maxim Group maintained the stock with “Buy” rating in Friday, November 25 report. The stock of PennantPark Floating Rate Capital Ltd. (NASDAQ:PFLT) earned “Buy” rating by Maxim Group on Tuesday, October 17. The firm has “Buy” rating given on Thursday, October 5 by Keefe Bruyette & Woods.

Analysts await PennantPark Floating Rate Capital Ltd. (NASDAQ:PFLT) to report earnings on February, 8. They expect $0.25 earnings per share, down 3.85% or $0.01 from last year’s $0.26 per share. PFLT’s profit will be $9.62 million for 13.68 P/E if the $0.25 EPS becomes a reality. After $0.32 actual earnings per share reported by PennantPark Floating Rate Capital Ltd. for the previous quarter, Wall Street now forecasts -21.88% negative EPS growth.

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