Pennantpark Floating Rate (PFLT) Receives a Hold from Maxim Group

Maxim Group analyst Michael Diana maintained a Hold rating on Pennantpark Floating Rate (PFLTResearch Report) yesterday. The company’s shares closed yesterday at $13.19.

Diana covers the Financial sector, focusing on stocks such as Ellington Financial, AGNC Investment, and Cullen/Frost Bankers. According to TipRanks, Diana has an average return of 11.9% and a 47.19% 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 $544.9M and has a P/E ratio of 24.71.

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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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