Pennantpark Floating Rate Capital Sees Unusually-High Trading Volume Following Dividend Announcement (PFLT)
Pennantpark Floating Rate Capital (NASDAQ:PFLT) saw an uptick in trading volume on Thursday following a dividend announcement from the company, Stock Ratings Network.com reports. 117,664 shares changed hands during mid-day trading, an increase of 68% from the previous session’s volume of 69,988 shares.The stock last traded at $14.30 and had previously closed at $14.21.
The newly announced dividend is scheduled for Wednesday, October 1st. Shareholders of record on Friday, September 26th will be given a dividend of $0.09 per share.
Separately, analysts at Zacks upgraded shares of Pennantpark Floating Rate Capital from a “neutral” rating to an “outperform” rating in a research note on Monday. They now have a $15.00 price target on the stock.
The stock has a 50-day moving average of $14.02 and a 200-day moving average of $13.94.
Pennantpark Floating Rate Capital (NASDAQ:PFLT) last announced its earnings results on Wednesday, August 6th. The company reported $0.29 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.29. Analysts expect that Pennantpark Floating Rate Capital will post $1.17 EPS for the current fiscal year.
In other Pennantpark Floating Rate Capital news, Director Samuel L. Katz acquired 7,969 shares of the stock on the open market in a transaction dated Tuesday, August 26th. The stock was purchased at an average cost of $14.16 per share, for a total transaction of $112,841.04. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
PennantPark Floating Rate Capital Ltd. (NASDAQ:PFLT) is a development-stage company.
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