Investors aiming for above-average returns often turn to the practice of stock picking. Skillful choices in individual stocks can be a catalyst for substantial wealth growth.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
In the latest session, PennantPark Floating Rate Capital Ltd (NYSE: PFLT) closed at $11.38 down -0.18% from its previous closing price of $11.40. In other words, the price has decreased by -$0.18 from its previous closing price. On the day, 3.83 million shares were traded. PFLT stock price reached its highest trading level at $11.5399 during the session, while it also had its lowest trading level at $11.15.
Ratios:
For a deeper understanding of PennantPark Floating Rate Capital Ltd’s stock, let’s take a closer look at its various ratios.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, UBS on June 08, 2023, initiated with a Neutral rating and assigned the stock a target price of $11.
Insider Transactions:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. A recent insider transaction in this stock occurred on Jun 05 ’24 when Briones Jose A bought 1,745 shares for $11.40 per share. The transaction valued at 19,892 led to the insider holds 319,598 shares of the business.
Allorto Richard T JR bought 10,000 shares of PFLT for $113,000 on May 30 ’24. The CFO and Treasurer now owns 10,000 shares after completing the transaction at $11.30 per share. On May 28 ’24, another insider, Briones Jose A, who serves as the Director of the company, bought 885 shares for $11.33 each. As a result, the insider paid 10,027 and bolstered with 317,738 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, PFLT now has a Market Capitalization of 819338368 and an Enterprise Value of 1495584256. As of this moment, PennantPark’s Price-to-Earnings (P/E) ratio for their current fiscal year is 7.39, and their Forward P/E ratio for the next fiscal year is 8.89. For the stock, the TTM Price-to-Sale (P/S) ratio is 5.26 while its Price-to-Book (P/B) ratio in mrq is 1.00. Its current Enterprise Value per Revenue stands at 9.601.
Stock Price History:
Over the past 52 weeks, PFLT has reached a high of $12.63, while it has fallen to a 52-week low of $9.69. The 50-Day Moving Average of the stock is -0.72%, while the 200-Day Moving Average is calculated to be 0.74%.
Shares Statistics:
For the past three months, PFLT has traded an average of 855.35K shares per day and 1045960 over the past ten days. A total of 72.00M shares are outstanding, with a floating share count of 65.89M. Insiders hold about 1.15% of the company’s shares, while institutions hold 19.32% stake in the company. Shares short for PFLT as of 1719532800 were 635624 with a Short Ratio of 0.74, compared to 1717113600 on 502543. Therefore, it implies a Short% of Shares Outstanding of 635624 and a Short% of Float of 0.9599999499999999.
Dividends & Splits
According to the company, the forward annual dividend rate for PFLT is 1.23, from 1.225 in the trailing year. Against a Trailing Annual Dividend Yield of 0.10745615The stock’s 5-year Average Dividend Yield is 10.62.
