Analyst Expects PennantPark Floating Rate Capital Ltd (NYSE: PFLT) To Make Big Moves

After Hours

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities.

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Stocks Info

As a NYSE listed company, PFLT falls under the Financial sector while operating within the Asset Management industry segment. The current market capitalization of PennantPark Floating Rate Capital Ltd is $805.43M. A total of 0.79 million shares were traded on the day, compared to an average of 838.46K shares.

In the most recent transaction, Briones Jose A bought 1,745 shares of PFLT for 11.40 per share on Jun 05 ’24. After the transaction, the Director now owns 319,598 company shares. In a previous transaction on May 30 ’24, Allorto Richard T JR bought 10,000 shares at 11.30 per share. PFLT shares that CFO and Treasurer owns now total 10,000.

Among the insiders who bought shares, Briones Jose A acquired of 885 shares on May 28 ’24 at a per-share price of $11.33. This resulted in the Director holding 317,738 shares of PFLT after the transaction. In another insider transaction, Briones Jose A bought 1,740 shares at $11.48 per share on May 13 ’24. Company shares held by the Director now total 316,853.

Dividend

Investors prefer companies that pay dividends because dividends generate immediate cash flow and indicate a positive outlook. PennantPark Floating Rate Capital Ltd pays an annual dividend of $1.23, resulting in a dividend yield of 11.21%, and it has a price to earnings (P/E) ratio of 6.61.

In spite of price targets being rarely accurate, it tends to exert some kind influence from time to time, and was often accepted by the market as having some value. In terms of 52-week highs and lows, PFLT has a high of $12.63 and a low of $9.69.

Balance Sheet Annually/Quarterly

The balance sheet of a company shows what assets and liabilities a company has, as well as the amount, equity investors have invested. With the help of this information, a company’s financial ratios can be calculated to give investors an overview of the company’s prospects. PFLT’s latest balance sheet shows that the firm has $63.34M in Cash & Short Term Investments as of fiscal 2019. There were $652.63M in debt and $289.76M in liabilities at the time. Its Book Value Per Share was $11.13, while its Total Shareholder’s Equity was $490.61M.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for PFLT is Buy with a score of 3.67.

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