Sentiment Report: Pennantpark Floating Rate Capital LTD (NASDAQ:PFLT)

July 26, 2017 - By Clifton Ray

 Sentiment Report: Pennantpark Floating Rate Capital LTD (NASDAQ:PFLT)

Sentiment for Pennantpark Floating Rate Capital LTD (NASDAQ:PFLT)

Pennantpark Floating Rate Capital LTD (NASDAQ:PFLT) institutional sentiment decreased to 1.04 in Q4 2016. Its down -0.53, from 1.57 in 2016Q3. The ratio has worsened, as 24 active investment managers increased or opened new equity positions, while 23 trimmed and sold positions in Pennantpark Floating Rate Capital LTD. The active investment managers in our partner’s database now have: 6.70 million shares, down from 6.89 million shares in 2016Q3. Also, the number of active investment managers holding Pennantpark Floating Rate Capital LTD in their top 10 equity positions was flat from 1 to 1 for the same number . Sold All: 5 Reduced: 18 Increased: 19 New Position: 5.

PennantPark Floating Rate Capital Ltd. is a business development company. The company has market cap of $467.08 million. The Firm is a closed-end, externally managed and non-diversified investment company. It has a 8.53 P/E ratio. The Company’s investment objectives are to generate current income and capital appreciation by investing primarily in floating rate loans and other investments made to the United States middle-market companies.

It closed at $14.29 lastly. It is down 19.25% since July 26, 2016 and is uptrending. It has outperformed by 2.55% the S&P500.

Analysts expect Pennantpark Floating Rate Capital Ltd (NASDAQ:PFLT) to report $0.28 EPS on August, 8 after the close.They anticipate $0.02 EPS change or 7.69 % from last quarter’s $0.26 EPS. PFLT’s profit would be $9.15M giving it 12.76 P/E if the $0.28 EPS is correct. After having $0.27 EPS previously, Pennantpark Floating Rate Capital Ltd’s analysts see 3.70 % EPS growth.

Cue Financial Group Inc. holds 1.78% of its portfolio in Pennantpark Floating Rate Capital Ltd for 156,256 shares. Punch & Associates Investment Management Inc. owns 940,577 shares or 1.32% of their US portfolio. Moreover, Greenwich Investment Management Inc. has 1.08% invested in the company for 74,830 shares. The New York-based Silver Capital Management Llc has invested 1.08% in the stock. Muzinich & Co. Inc., a New York-based fund reported 554,202 shares.#img1#

Pennantpark Floating Rate Capital Ltd (NASDAQ:PFLT) Ratings Coverage

Ratings analysis reveals 63% of PennantPark Floating Rate Capital’s analysts are positive. Out of 8 Wall Street analysts rating PennantPark Floating Rate Capital, 5 give it “Buy”, 0 “Sell” rating, while 3 recommend “Hold”. The lowest target is $13 while the high is $15.5000. The stock’s average target of $14.31 is 0.14% above today’s ($14.29) share price. PFLT was included in 10 notes of analysts from August 26, 2015. The firm has “Buy” rating by Maxim Group given on Monday, November 16. Zacks upgraded it to “Hold” rating and $13 target in Wednesday, August 26 report. The stock has “Buy” rating by Maxim Group on Friday, November 25. As per Sunday, July 23, the company rating was maintained by Keefe Bruyette & Woods. On Thursday, May 11 the stock rating was upgraded by Ladenburg Thalmann to “Buy”. Wood maintained the stock with “Market Perform” rating in Wednesday, August 26 report.

More notable recent Pennantpark Floating Rate Capital Ltd (NASDAQ:PFLT) news were published by: Nasdaq.com which released: “PennantPark Floating Rate Capital Ltd. (PFLT) Ex-Dividend Date Scheduled for …” on December 21, 2015, also Seekingalpha.com with their article: “Identifying Risk In BDCs – PennantPark Floating Rate Capital” published on May 31, 2017, Prnewswire.com published: “PennantPark Floating Rate Capital Ltd. and MCG Capital Corporation Announce …” on August 18, 2015. More interesting news about Pennantpark Floating Rate Capital Ltd (NASDAQ:PFLT) were released by: Globenewswire.com and their article: “MCG Capital Corporation Reports First Quarter 2015 Results and Agreement and …” published on April 29, 2015 as well as Prnewswire.com‘s news article titled: “Stockholders of PennantPark Floating Rate Capital Ltd. and MCG Capital …” with publication date: August 14, 2015.

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