Maxim Group Reaffirms Their Hold Rating on Pennantpark Floating Rate (PFLT)

In a report released yesterday, Michael Diana from Maxim Group maintained a Hold rating on Pennantpark Floating Rate (PFLTResearch Report). The company’s shares opened today at $11.32.

Diana covers the Financial sector, focusing on stocks such as AGNC Investment, Ellington Financial, and Svb Financial Group. According to TipRanks, Diana has an average return of 13.2% and a 49.78% success rate on recommended stocks.

Pennantpark Floating Rate has an analyst consensus of Hold.

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The company has a one-year high of $13.58 and a one-year low of $9.26. Currently, Pennantpark Floating Rate has an average volume of 289K.

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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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