PennantPark Floating Rate Capital Ltd (NYSE: PFLT) on Friday, plunged -9.13% from the previous trading day, before settling in for the closing price of $11.06. Within the past 52 weeks, PFLT’s price has moved between $10.28 and $12.02.
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The company achieved an average annual earnings per share of 12.06%. With a float of $87.10 million, this company’s outstanding shares have now reached $87.96 million.
In terms of profitability, gross margin is 109.01%, operating margin of 19.04%, and the pretax margin is 61.52%.
PennantPark Floating Rate Capital Ltd (PFLT) Insider and Institutional Ownership
Observing investor behavior towards Asset Management industry stocks is more important than anything else. The insider ownership of PennantPark Floating Rate Capital Ltd is 0.96%, while institutional ownership is 21.71%. 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
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 12.06% per share during the next fiscal year.
PennantPark Floating Rate Capital Ltd (NYSE: PFLT) Trading Performance Indicators
PennantPark Floating Rate Capital Ltd (PFLT) is currently performing well based on its current performance indicators. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 4.10.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 1.37, a number that is poised to hit 0.32 in the next quarter and is forecasted to reach 1.30 in one year’s time.
Technical Analysis of PennantPark Floating Rate Capital Ltd (PFLT)
PennantPark Floating Rate Capital Ltd (NYSE: PFLT) saw its 5-day average volume 2.66 million, a positive change from its year-to-date volume of 1.39 million. As of the previous 9 days, the stock’s Stochastic %D was 12.97%. Additionally, its Average True Range was 0.21.
During the past 100 days, PennantPark Floating Rate Capital Ltd’s (PFLT) raw stochastic average was set at 2.36%, which indicates a significant decrease from 2.42% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 39.84% in the past 14 days, which was higher than the 19.92% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $11.15, while its 200-day Moving Average is $11.24. Nevertheless, the first resistance level for the watch stands at $10.69 in the near term. At $11.33, the stock is likely to face the second major resistance level. The third major resistance level sits at $11.66. If the price goes on to break the first support level at $9.71, it is likely to go to the next support level at $9.38. The third support level lies at $8.74 if the price breaches the second support level.
PennantPark Floating Rate Capital Ltd (NYSE: PFLT) Key Stats
Market capitalization of the company is 883.96 million based on 87,956K outstanding shares. Right now, sales total 186,360 K and income totals 91,840 K. The company made 67,010 K in profit during its latest quarter, and 28,330 K in sales during its previous quarter.
