Make Sure You Stick With PennantPark Floating Rate Capital Ltd (PFLT). It’s Bull Time Again

After Hours

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility.

Stocks Info

PennantPark Floating Rate Capital Ltd is listed on the NYSE in the Financial sector while operating in the Asset Management industry. The current market capitalization of PennantPark Floating Rate Capital Ltd is $914.70M. A total of 0.86 million shares were traded on the day, compared to an average of 822.88K 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

The reasons why investors prefer dividend-paying companies are that dividends generate immediate cash flow and indicate that the company will perform well in the future. PennantPark Floating Rate Capital Ltd pays an annual dividend of $1.23, resulting in a dividend yield of 11.19%, and it has a price to earnings (P/E) ratio of 6.62.

Despite rarely being accurate, price targets can exert some form of influence at times, and are often regarded as valuable by markets. In terms of 52-week highs and lows, PFLT has a high of $12.63 and a low of $10.28.

Balance Sheet Annually/Quarterly

As well as showing the assets and liabilities of the company, the balance sheet also shows the amount invested in equity by investors. Investors can analyze a company’s future prospects by calculating its financial ratios based on this information. Its Book Value Per Share was $11.34, while its Total Shareholder’s Equity was $490.61M.

Analysts Opinion

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. 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 3.75.

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