JMP Securities Sticks to Its Buy Rating for Pennantpark Floating Rate (PFLT)

In a report released yesterday, Research Report), with a price target of $13.50. The company’s shares closed yesterday at $12.21.

Fultz covers the Financial sector, focusing on stocks such as Capital Southwest, TriplePoint Venture Growth, and Oaktree Specialty Lending. According to TipRanks, Fultz has an average return of -3.8% and a 16.67% success rate on recommended stocks.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Pennantpark Floating Rate with a $13.50 average price target.

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PFLT market cap is currently $504.4M and has a P/E ratio of 22.86.

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PennantPark Floating Rate Capital Ltd. is a closed-end, externally managed, non-diversified investment company. It invests primarily in loans bearing a variable-rate of interest or floating rate loans, and other investments made to U.S. middle-market companies. The company was founded by Arthur Howard Penn on October 28, 2010 and is headquartered in New York, NY.

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