PennantPark Floating Rate Capital Ltd (NYSE: PFLT) kicked off on Tuesday, down -3.70% from the previous trading day, before settling in for the closing price of $11.89. Over the past 52 weeks, PFLT has traded in a range of $9.69-$12.63.
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While this was happening, its average annual earnings per share was recorded -4.50%. With a float of $72.58 million, this company’s outstanding shares have now reached $73.42 million.
In terms of profitability, gross margin is 81.76%, operating margin of 86.59%, and the pretax margin is 65.9%.
PennantPark Floating Rate Capital Ltd (PFLT) Insider Activity
Our next focus will be how large-scale investors are participating in this stock of the Asset Management Industry. The insider ownership of PennantPark Floating Rate Capital Ltd is 1.12%, while institutional ownership is 22.47%. The most recent insider transaction that took place on Jun 05 ’24, was worth 19,892. In this transaction Director of this company bought 1,745 shares at a rate of $11.40, taking the stock ownership to the 319,598 shares. Before that another transaction happened on May 30 ’24, when Company’s CFO and Treasurer bought 10,000 for $11.30, making the entire transaction worth $113,000. This insider now owns 10,000 shares in total.
PennantPark Floating Rate Capital Ltd (PFLT) Earnings and Forecasts
In the latest quarterly report, which was put into the public domain on 6/30/2024, the organization reported 0.32 earnings per share (EPS), higher than consensus estimate (set at 0.31) by 0.01. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.32 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -4.50% per share during the next fiscal year.
PennantPark Floating Rate Capital Ltd (NYSE: PFLT) Trading Performance Indicators
Take a look at PennantPark Floating Rate Capital Ltd’s (PFLT) current performance indicators. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 5.05.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 1.66, a number that is poised to hit 0.32 in the next quarter and is forecasted to reach 1.25 in one year’s time.
Technical Analysis of PennantPark Floating Rate Capital Ltd (PFLT)
Looking closely at PennantPark Floating Rate Capital Ltd (NYSE: PFLT), its last 5-days average volume was 0.94 million, which is a jump from its year-to-date volume of 0.77 million. As of the previous 9 days, the stock’s Stochastic %D was 62.81%. Additionally, its Average True Range was 0.15.
During the past 100 days, PennantPark Floating Rate Capital Ltd’s (PFLT) raw stochastic average was set at 67.30%, which indicates a significant increase from 5.26% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 19.02% in the past 14 days, which was higher than the 15.90% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $11.44, while its 200-day Moving Average is $11.41. However, in the short run, PennantPark Floating Rate Capital Ltd’s stock first resistance to watch stands at $11.74. Second resistance stands at $12.04. The third major resistance level sits at $12.20. If the price goes on to break the first support level at $11.29, it is likely to go to the next support level at $11.13. Should the price break the second support level, the third support level stands at $10.84.
PennantPark Floating Rate Capital Ltd (NYSE: PFLT) Key Stats
The company with the Market Capitalisation of 840.67 million has total of 66,728K Shares Outstanding. Its annual sales at the moment are 139,340 K in contrast with the sum of 39,260 K annual income. Company’s last quarter sales were recorded 48,510 K and last quarter income was 16,920 K.
