Zacks Upgrades Pennantpark Floating Rate Capital to “Outperform” (PFLT)
Pennantpark Floating Rate Capital (NASDAQ:PFLT) was upgraded by Zacks from a “neutral” rating to an “outperform” rating in a research report issued on Monday. The firm currently has a $15.00 target price on the stock. Zacks‘s price target indicates a potential upside of 6.38% from the stock’s previous close.
In other Pennantpark Floating Rate Capital news, Director Samuel L. Katz acquired 7,969 shares of Pennantpark Floating Rate Capital stock on the open market in a transaction that occurred on Tuesday, August 26th. The shares were purchased at an average cost of $14.16 per share, for a total transaction of $112,841.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Shares of Pennantpark Floating Rate Capital (NASDAQ:PFLT) traded down 0.42% during mid-day trading on Monday, hitting $14.10. 95,479 shares of the company’s stock traded hands. Pennantpark Floating Rate Capital has a one year low of $12.85 and a one year high of $14.44. The stock’s 50-day moving average is $14.02 and its 200-day moving average is $13.94.
Pennantpark Floating Rate Capital (NASDAQ:PFLT) last issued its quarterly earnings data on Wednesday, August 6th. The company reported $0.29 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $0.29. On average, analysts predict that Pennantpark Floating Rate Capital will post $1.17 earnings per share for the current fiscal year.
The company also recently announced a aug 14 dividend, which is scheduled for Tuesday, September 2nd. Investors of record on Wednesday, August 20th will be paid a dividend of $0.09 per share. This represents a dividend yield of 7.71%. The ex-dividend date is Monday, August 18th.
PennantPark Floating Rate Capital Ltd. (NASDAQ:PFLT) is a development-stage company.
To view Zacks’ full report, visit Zacks’ official website.
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