On Monday, PennantPark Floating Rate Capital Ltd (NYSE: PFLT) opened higher 0.27% from the last session, before settling in for the closing price of $11.27. Price fluctuations for PFLT have ranged from $10.28 to $12.02 over the past 52 weeks.
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Company’s average yearly earnings per share was noted 6.65% at the time writing. 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 69.19%, and the pretax margin is 60.33%.
PennantPark Floating Rate Capital Ltd (PFLT) Insider Activity
A key investor’s attitude towards the stock of the Asset Management industry is another important factor to consider. The insider ownership of PennantPark Floating Rate Capital Ltd is 1.12%, while institutional ownership is 22.74%. 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
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 6.65% per share during the next fiscal year.
PennantPark Floating Rate Capital Ltd (NYSE: PFLT) Trading Performance Indicators
Check out the current performance indicators for PennantPark Floating Rate Capital Ltd (PFLT). In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 5.65.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 1.40, a number that is poised to hit 0.32 in the next quarter and is forecasted to reach 1.23 in one year’s time.
Technical Analysis of PennantPark Floating Rate Capital Ltd (PFLT)
Analysing the last 5-days average volume posted by the [PennantPark Floating Rate Capital Ltd, PFLT], we can find that recorded value of 0.83 million was better than the volume posted last year of 0.81 million. As of the previous 9 days, the stock’s Stochastic %D was 85.08%. Additionally, its Average True Range was 0.12.
During the past 100 days, PennantPark Floating Rate Capital Ltd’s (PFLT) raw stochastic average was set at 55.22%, which indicates a significant decrease from 84.48% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 9.24% in the past 14 days, which was lower than the 12.54% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $11.02, while its 200-day Moving Average is $11.29. Now, the first resistance to watch is $11.39. This is followed by the second major resistance level at $11.48. The third major resistance level sits at $11.56. If the price goes on to break the first support level at $11.21, 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 $11.04.
PennantPark Floating Rate Capital Ltd (NYSE: PFLT) Key Stats
There are currently 83,230K shares outstanding in the company with a market cap of 940.50 million. Presently, the company’s annual sales total 186,360 K according to its annual income of 91,840 K. Last quarter, the company’s sales amounted to 55,520 K and its income totaled 21,340 K.
