Short Interest in PennantPark Floating Rate Capital Ltd. (NYSE:PFLT) Increases By 38.5%

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

Analyst Ratings Changes

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

PennantPark Floating Rate Capital Stock Down 3.1%

Shares of PFLT opened at $8.19 on Monday. PennantPark Floating Rate Capital has a twelve month low of $8.16 and a twelve month high of $11.46. 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 company has a market capitalization of $812.61 million, a PE ratio of 24.09 and a beta of 0.77. The firm’s 50-day moving average is $9.16.

PennantPark Floating Rate Capital (NYSE:PFLT) last issued its quarterly earnings data on Monday, February 9th. The company reported $0.27 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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.