Truist Financial analyst Mark Hughes maintained a Buy rating on Pennantpark $ (PFLT – Research Report) on August 10. The company’s shares closed last Friday at $10.76.
According to TipRanks, Hughes is a 5-star analyst with an average return of 14.7% and a 67.31% success rate. Hughes covers the Financial sector, focusing on stocks such as American Equity Investment Life, Palomar Holdings, and Skyward Specialty Insurance Group, Inc..
Currently, the analyst consensus on Pennantpark $ is a Hold with an average price target of $11.25.
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PFLT market cap is currently $632M and has a P/E ratio of -35.96.
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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.
Read More on PFLT:
- PennantPark Floating Rate reports Q2 core EPS 31c, consensus 36c
- PennantPark Floating Rate Capital Ltd. Announces Its Financial Results for the Quarter Ended June 30, 2023
- PFLT Earnings Report this Week: Is It a Buy, Ahead of Earnings?
- PennantPark Floating Rate Capital Ltd. Announces Monthly Distribution of $0.1025 per Share
- PennantPark Floating Rate Capital Ltd. Schedules Earnings Release of Third Fiscal Quarter 2023 Results
