Pennantpark Floating Rate Capital LTD (NASDAQ:PFLT): Negative Stock Sentiment

June 18, 2018 - By reb123z

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

Pennantpark Floating Rate Capital LTD (NASDAQ:PFLT) institutional sentiment decreased to 1.36 in Q1 2018. Its down -0.64, from 2 in 2017Q4. The ratio worsened, as 34 investment professionals opened new or increased equity positions, while 25 sold and decreased their stock positions in Pennantpark Floating Rate Capital LTD. The investment professionals in our partner’s database now hold: 8.61 million shares, down from 9.75 million shares in 2017Q4. Also, the number of investment professionals holding Pennantpark Floating Rate Capital LTD in their top 10 equity positions increased from 0 to 1 for an increase of 1. Sold All: 5 Reduced: 20 Increased: 21 New Position: 13.

The stock increased 0.57% or $0.08 during the last trading session, reaching $14.03. About 87,528 shares traded. PennantPark Floating Rate Capital Ltd. (NASDAQ:PFLT) has declined 4.43% since June 18, 2017 and is downtrending. It has underperformed by 17.00% the S&P500.

Analysts await PennantPark Floating Rate Capital Ltd. (NASDAQ:PFLT) to report earnings on August, 14. They expect $0.27 EPS, up 8.00 % or $0.02 from last year’s $0.25 per share. PFLT’s profit will be $10.47 million for 12.99 P/E if the $0.27 EPS becomes a reality. After $0.24 actual EPS reported by PennantPark Floating Rate Capital Ltd. for the previous quarter, Wall Street now forecasts 12.50 % EPS growth.

Silver Capital Management Llc holds 3.91% of its portfolio in PennantPark Floating Rate Capital Ltd. for 15,592 shares. Greenwich Investment Management Inc. owns 185,724 shares or 2.89% of their US portfolio. Moreover, Muzinich & Co. Inc. has 2.15% invested in the company for 976,354 shares. The Oregon-based Pacific Ridge Capital Partners Llc has invested 1.34% in the stock. Cue Financial Group Inc., a Arizona-based fund reported 152,029 shares.

Since January 1, 0001, it had 6 buys, and 0 insider sales for $795,997 activity.

PennantPark Floating Rate Capital Ltd. (NASDAQ:PFLT) Ratings Coverage

Ratings analysis reveals 75% of Pennantpark Floating Rate’s analysts are positive. Out of 4 Wall Street analysts rating Pennantpark Floating Rate, 3 give it “Buy”, 0 “Sell” rating, while 1 recommend “Hold”. The lowest target is $1400 while the high is $15.0. The stock’s average target of $14.33 is 2.14% above today’s ($14.03) share price. PFLT was included in 6 notes of analysts from February 9, 2018. The stock of PennantPark Floating Rate Capital Ltd. (NASDAQ:PFLT) has “Buy” rating given on Friday, May 11 by Maxim Group. The firm has “Buy” rating by Keefe Bruyette & Woods given on Friday, February 9. Maxim Group maintained it with “Buy” rating and $14 target in Monday, February 12 report. The firm has “Buy” rating by SunTrust given on Friday, February 9. The stock of PennantPark Floating Rate Capital Ltd. (NASDAQ:PFLT) has “Neutral” rating given on Monday, May 14 by Ladenburg Thalmann. The stock of PennantPark Floating Rate Capital Ltd. (NASDAQ:PFLT) earned “Buy” rating by Maxim Group on Friday, February 9.

More important recent PennantPark Floating Rate Capital Ltd. (NASDAQ:PFLT) news were published by: Seekingalpha.com which released: “TCG BDC Inc.: 9% Dividend Yield With Upside For Rising Interest Rates” on June 01, 2018, also Nasdaq.com published article titled: “PennantPark Floating Rate Capital Ltd. Announces Monthly Distribution of $0.095 per Share”, Seekingalpha.com published: “This 11.2% Yielding BDC Is Ready For Shareholder Activism” on May 30, 2018. More interesting news about PennantPark Floating Rate Capital Ltd. (NASDAQ:PFLT) was released by: Globenewswire.com and their article: “Research Report Identifies Bryn Mawr Bank, Whitestone REIT, Surgery Partners, PennantPark Floating Rate Capital …” with publication date: May 24, 2018.

PennantPark Floating Rate Capital Ltd. (NASDAQ:PFLT) Institutional Positions Chart

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