PennantPark Floating Rate Capital Ltd. (NYSE:PFLT) Short Interest Update

PennantPark Floating Rate Capital Ltd. (NYSE:PFLT) was the recipient of a significant increase in short interest in the month of February. As of February 13th, there was short interest totaling 2,503,231 shares, an increase of 38.5% from the January 29th total of 1,806,819 shares. Based on an average daily volume of 1,454,948 shares, the days-to-cover ratio is presently 1.7 days. Approximately 2.5% of the shares of the company are sold short. Approximately 2.5% of the shares of the company are sold short. Based on an average daily volume of 1,454,948 shares, the days-to-cover ratio is presently 1.7 days.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a “hold (c-)” rating on shares of PennantPark Floating Rate Capital in a research note on Monday, December 29th. One investment analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $10.50.

PennantPark Floating Rate Capital Stock Down 1.1%

Shares of PennantPark Floating Rate Capital stock traded down $0.09 during trading on Tuesday, reaching $8.22. The company’s stock had a trading volume of 871,982 shares, compared to its average volume of 1,377,436. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.15 and a current ratio of 0.15. The firm’s 50-day moving average price is $9.13. PennantPark Floating Rate Capital has a 52 week low of $7.97 and a 52 week high of $11.46. The firm has a market capitalization of $815.59 million, a price-to-earnings ratio of 24.18 and a beta of 0.77.

PennantPark Floating Rate Capital (NYSE:PFLT) last issued its quarterly earnings data on Monday, February 9th. The company reported $0.27 earnings per share for the quarter, missing the consensus estimate of $0.30 by ($0.03). PennantPark Floating Rate Capital had a return on equity of 9.72% and a net margin of 13.03%.The business had revenue of $12.72 million during the quarter.

PennantPark Floating Rate Capital Company Profile

PennantPark Floating Rate Capital Ltd. is a business development company. It seeks to make secondary direct, debt, equity, and loan investments. The fund seeks to invest through floating rate loans in private or thinly traded or small market-cap, public middle market companies. It primarily invests in the United States and to a limited extent non-U.S. companies. The fund typically invests between $2 million and $20 million. The fund also invests in equity securities, such as preferred stock, common stock, warrants or options received in connection with debt investments or through direct investments.