KBW Keeps Their Hold Rating on Pennantpark $ (PFLT)

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 $11.25.

According to TipRanks, Johnson is a 2-star analyst with an average return of 12.8% and a 100.00% success rate. Johnson covers the Financial sector, focusing on stocks such as BlackRock TCP Capital, Barings BDC, and MidCap Financial Investment Corporation.

The word on The Street in general, suggests a Hold analyst consensus rating for Pennantpark $ with a $11.50 average price target.

Based on Pennantpark

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

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.