PennantPark Floating Rate Capital Rating Increased to Outperform at Zacks (PFLT)
PennantPark Floating Rate Capital (NASDAQ:PFLT) was upgraded by Zacks from a “neutral” rating to an “outperform” rating in a research note issued on Monday, Stock Ratings Network reports. The firm currently has a $15.00 price objective on the stock. Zacks‘ price objective suggests a potential upside of 9.25% from the stock’s previous close.
PennantPark Floating Rate Capital (NASDAQ:PFLT) traded up 0.15% during mid-day trading on Monday, hitting $13.75. The stock had a trading volume of 21,305 shares. PennantPark Floating Rate Capital has a one year low of $12.71 and a one year high of $15.02. The stock has a 50-day moving average of $13.74 and a 200-day moving average of $13.69.
The company also recently announced a jan 14 dividend, which is scheduled for Monday, February 3rd. Stockholders of record on Wednesday, January 22nd will be paid a dividend of 0.09 per share.
Separately, analysts at Keefe, Bruyette & Woods upgraded shares of PennantPark Floating Rate Capital from a “market perform” rating to an “outperform” rating in a research note to investors on Monday, November 18th. They now have a $14.50 price target on the stock, up previously from $14.00.
PennantPark Floating Rate Capital Ltd. (NASDAQ:PFLT) is a development-stage company.
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