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As of close of business last night, PennantPark Floating Rate Capital Ltd’s stock clocked out at $11.42, up 0.26% from its previous closing price of $11.39. In other words, the price has increased by $0.26 from its previous closing price. On the day, 1.36 million shares were traded. PFLT stock price reached its highest trading level at $11.46 during the session, while it also had its lowest trading level at $11.3315.
Ratios:
To gain a deeper understanding of PFLT’s stock, we examine its different ratios.
On August 12, 2024, Maxim Group Upgraded its rating to Buy which previously was Hold but kept the price unchanged to $12.
On June 08, 2023, UBS started tracking the stock assigning a Neutral rating and target price of $11.UBS initiated its Neutral rating on June 08, 2023, with a $11 target price.
Insider Transactions:
Investing in insider trades can also provide an investor with insight into how management views future stock prices. 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 1004456448 and an Enterprise Value of 2244501248. As of this moment, PennantPark’s Price-to-Earnings (P/E) ratio for their current fiscal year is 8.34, and their Forward P/E ratio for the next fiscal year is 8.80. For the stock, the TTM Price-to-Sale (P/S) ratio is 4.66 while its Price-to-Book (P/B) ratio in mrq is 1.01. Its current Enterprise Value per Revenue stands at 10.421.
Stock Price History:
The Beta on a monthly basis for PFLT is 1.29, which has changed by 0.01964283 over the last 52 weeks, in comparison to a change of 0.08572841 over the same period for the S&P500. Over the past 52 weeks, PFLT has reached a high of $12.02, while it has fallen to a 52-week low of $10.28. The 50-Day Moving Average of the stock is 2.16%, while the 200-Day Moving Average is calculated to be 1.49%.
Shares Statistics:
It appears that PFLT traded 1.27M shares on average per day over the past three months and 1206920 shares per day over the past ten days. A total of 87.96M shares are outstanding, with a floating share count of 87.10M. Insiders hold about 0.96% of the company’s shares, while institutions hold 21.71% stake in the company. Shares short for PFLT as of 1741910400 were 1248893 with a Short Ratio of 0.98, compared to 1739491200 on 384655. Therefore, it implies a Short% of Shares Outstanding of 1248893 and a Short% of Float of 1.43.
Dividends & Splits
With its trailing 12-month dividend rate of 1.23, PFLT has a forward annual dividend rate of 1.23. Against a Trailing Annual Dividend Yield of 0.10798946The stock’s 5-year Average Dividend Yield is 10.82.
