On Tuesday, PennantPark Floating Rate Capital Ltd (NYSE: PFLT) was 1.31% up from the session before settling in for the closing price of $10.72. A 52-week range for PFLT has been $10.28 – $12.63.
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When this article was written, the company’s average yearly earnings per share was at -4.50%. With a float of $82.38 million, this company’s outstanding shares have now reached $83.23 million.
In terms of profitability, gross margin is 88.78%, operating margin of 15.7%, and the pretax margin is 60.33%.
PennantPark Floating Rate Capital Ltd (PFLT) Insider Activity
Also, it is sometimes useful to examine the sentiment of large-scale investors toward PennantPark Floating Rate Capital Ltd stocks. 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) Earnings and Forecasts
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
You can see what PennantPark Floating Rate Capital Ltd (PFLT) is doing with its current performance indicators. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 5.45.
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 1.14 million, which is a jump from its year-to-date volume of 0.78 million. As of the previous 9 days, the stock’s Stochastic %D was 36.39%. 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 35.92%, which indicates a significant decrease from 52.63% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 12.26% in the past 14 days, which was lower than the 15.23% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $11.16, while its 200-day Moving Average is $11.31. However, in the short run, PennantPark Floating Rate Capital Ltd’s stock first resistance to watch stands at $10.90. Second resistance stands at $10.94. The third major resistance level sits at $11.02. If the price goes on to break the first support level at $10.78, it is likely to go to the next support level at $10.70. Should the price break the second support level, the third support level stands at $10.66.
PennantPark Floating Rate Capital Ltd (NYSE: PFLT) Key Stats
There are 83,230K outstanding shares of the company, which has a market capitalization of 907.21 million. As of now, sales total 186,360 K while income totals 91,840 K. Its latest quarter income was 55,520 K while its last quarter net income were 21,340 K.
