A new trading day began on Tuesday, with PennantPark Floating Rate Capital Ltd (NYSE: PFLT) stock price up 0.36% from the previous day of trading, before settling in for the closing price of $11.02. PFLT’s price has ranged from $10.28 to $12.63 over the past 52 weeks.
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Meanwhile, its annual earnings per share averaged -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 88.23%, operating margin of 89.37%, and the pretax margin is 65.87%.
PennantPark Floating Rate Capital Ltd (PFLT) Insider and Institutional Ownership
As we move forward, let’s examine how large-scale investors are investing in this stock of the Asset Management Industry. The insider ownership of PennantPark Floating Rate Capital Ltd is 1.12%, while institutional ownership is 23.35%. 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) Latest Financial update
In its latest quarterly report, released on 9/30/2024, the company reported earnings of 0.33 per share, which was $0.1 higher than the consensus estimate of $0.26. In terms of return on equity, this company recorded -19.55% in contrast with 50.0% return on Investment (trailing twelve months). 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
Here are PennantPark Floating Rate Capital Ltd’s current performance indicators. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 4.88.
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)
Let’s dig in a bit further. During the last 5-days, its volume was 0.75 million. That was inferior than the volume of 0.78 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 34.00%. 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 44.92%, which indicates a significant decrease from 50.05% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 9.62% in the past 14 days, which was lower than the 16.48% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $11.40, while its 200-day Moving Average is $11.35. However, in the short run, PennantPark Floating Rate Capital Ltd’s stock first resistance to watch stands at $11.19. Second resistance stands at $11.33. The third major resistance level sits at $11.57. If the price goes on to break the first support level at $10.81, it is likely to go to the next support level at $10.57. The third support level lies at $10.43 if the price breaches the second support level.
PennantPark Floating Rate Capital Ltd (NYSE: PFLT) Key Stats
With a market capitalization of 812.03 million, the company has a total of 73,421K Shares Outstanding. Currently, annual sales are 139,340 K while annual income is 39,260 K. The company’s previous quarter sales were 48,510 K while its latest quarter income was 16,920 K.
