In a report released yesterday, Paul Johnson from KBW maintained a Hold rating on Pennantpark $ (PFLT – Research Report), with a price target of $11.50. The company’s shares closed yesterday at $11.47.
Johnson covers the Financial sector, focusing on stocks such as BlackRock TCP Capital, Fidus Investment, and Golub Capital Bdc. According to TipRanks, Johnson has an average return of 2.0% and a 44.44% success rate on recommended stocks.
Pennantpark $ has an analyst consensus of Moderate Buy, with a price target consensus of $12.00.
The company has a one-year high of $12.19 and a one-year low of $9.18. Currently, Pennantpark $ has an average volume of 653.9K.
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Pennantpark $ (PFLT) Company Description:
PennantPark Floating Rate Capital Ltd. is a closed-end, externally managed, non-diversified investment company. It invests primarily in loans bearing a variable-rate of interest or floating rate loans, and other investments made to U.S. middle-market companies. The company was founded by Arthur Howard Penn on October 28, 2010 and is headquartered in New York, NY.
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