NASDAQ:PFLT - PennantPark Floating Rate Capital Stock Price Target and Predictions

  • Consensus Rating: Buy
  • Consensus Price Target: $0.00
  • Forecasted Upside: -100.00 %
  • Number of Analysts: 2
  • Breakdown:
  • 0 Sell Ratings
  • 1 Hold Ratings
  • 1 Buy Ratings
  • 0 Strong Buy Ratings
$12.82
▲ +0.29 (2.31%)

This chart shows the closing price for PFLT by one month, three months, or twelve months.

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Analyst Price Target for PFLT

Analyst Price Target is $0.00
▼ -100.00% Downside Potential
This price target is based on 2 analysts offering 12 month price targets for PennantPark Floating Rate Capital in the last 3 months. The average price target is $0.00, with a high forecast of $0.00 and a low forecast of $10,000,000.00. The average price target represents a -100.00% upside from the last price of $12.82.

This chart shows the closing price for PFLT for the last year in relation to the current analyst high, average, and low pricetarget.

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Current Consensus is Buy

The current consensus among 2 polled investment analysts is to buy stock in PennantPark Floating Rate Capital. This rating has held steady since August 2019, when it changed from a Hold consensus rating.

Past Monthly Recommendations

Move your mouse over past months for details

  • 0 strong buy ratings
  • 2 buy ratings
  • 2 hold ratings
  • 0 sell ratings
12/29/2019
  • 0 strong buy ratings
  • 2 buy ratings
  • 2 hold ratings
  • 0 sell ratings
3/28/2020
  • 0 strong buy ratings
  • 1 buy ratings
  • 1 hold ratings
  • 0 sell ratings
6/26/2020
  • 0 strong buy ratings
  • 1 buy ratings
  • 1 hold ratings
  • 0 sell ratings
9/24/2020
  • 0 strong buy ratings
  • 2 buy ratings
  • 1 hold ratings
  • 0 sell ratings
12/23/2020
  • 0 strong buy ratings
  • 2 buy ratings
  • 1 hold ratings
  • 0 sell ratings
3/23/2021
  • 0 strong buy ratings
  • 1 buy ratings
  • 1 hold ratings
  • 0 sell ratings
5/22/2021
  • 0 strong buy ratings
  • 1 buy ratings
  • 1 hold ratings
  • 0 sell ratings
6/21/2021

Latest Recommendations

  • 0 strong buy ratings
  • 1 buy ratings
  • 1 hold ratings
  • 0 sell ratings

Display Ratings By
DateBrokerageActionRatingPrice TargetImpact on Share PriceDetails
11/19/2020LADENBURG THALM/SH SHUpgradeNeutral ➝ BuyLow
8/11/2020Maxim GroupReiterated RatingHoldLow
5/14/2020Maxim GroupReiterated RatingHoldMedium
5/13/2020JMP SecuritiesLower Price TargetMarket Outperform$13.00 ➝ $10.50High
3/25/2020Maxim GroupDowngradeBuy ➝ HoldLow
11/22/2019Maxim GroupReiterated RatingBuy$14.00Low
8/13/2019JMP SecuritiesLower Price TargetMarket Outperform$13.50 ➝ $13.00Low
5/13/2019LADENBURG THALM/SH SHDowngradeBuy ➝ NeutralLow
5/8/2019Keefe, Bruyette & WoodsDowngradeOutperform ➝ Market Perform$14.00 ➝ $13.00High
2/7/2019Maxim GroupReiterated RatingBuy$14.50Low
11/16/2018LADENBURG THALM/SH SHUpgradeNeutral ➝ Buy$14.00High
8/10/2018Maxim GroupBoost Price TargetBuy ➝ Buy$14.00 ➝ $14.50N/A
5/14/2018LADENBURG THALM/SH SHDowngradeBuy ➝ NeutralLow
5/11/2018Maxim GroupReiterated RatingBuy$14.00High
2/12/2018Maxim GroupLower Price TargetBuy$14.75 ➝ $14.00Low
2/9/2018Keefe, Bruyette & WoodsSet Price TargetBuy$15.00Medium
12/1/2017Maxim GroupReiterated RatingBuy$14.75Low
10/5/2017Keefe, Bruyette & WoodsSet Price TargetBuy$16.00N/A
8/31/2017Keefe, Bruyette & WoodsReiterated RatingBuy$15.50Low
8/9/2017Maxim GroupReiterated RatingBuy$14.75Low
5/11/2017LADENBURG THALM/SH SHUpgradeNeutral ➝ Buy$14.75Low
5/10/2017Keefe, Bruyette & WoodsUpgradeMarket Perform ➝ Outperform$15.00 ➝ $15.50High
3/10/2017SunTrust BanksInitiated CoverageBuy ➝ Buy$15.00Medium
12/20/2016Janney Montgomery ScottInitiated CoverageNeutral$14.00N/A
11/25/2016Maxim GroupBoost Price TargetBuy$14.00 ➝ $14.50N/A
(Data available from 6/21/2016 forward)
PennantPark Floating Rate Capital logo
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. It primarily invests between $10 million and $50 million in investments in senior secured loans and mezzanine debt. It seeks to invest in companies not rated by national rating agencies. The companies if rated would be between BB and CCC under the Standard & Poor's system. The fund invests 30% is invested in non-qualifying assets like investments in public companies whose securities are not thinly traded or do not have a market capitalization of less than $250 million, securities of middle-market companies located outside of the United States, high-yield bonds, distressed debt, private equity, securities of public companies that are not thinly traded, and investment companies as defined in the 1940 Act. Under normal conditions, the fund expects atleast 80 percent of its net assets plus any borrowings for investment purposes to be invested in Floating Rate Loans and investments with similar economic characteristics, including cash equivalents invested in money market funds. It expects to represent 65 percent of its portfolio through senior secured loans. In case of floating rate loans, it holds investments for a period of three to ten years.
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Today's Range

Now: $12.82
Low: $12.67
High: $12.84

50 Day Range

MA: $12.65
Low: $11.94
High: $13.19

52 Week Range

Now: $12.82
Low: $7.70
High: $13.24

Volume

1,919 shs

Average Volume

224,906 shs

Market Capitalization

$497.03 million

P/E Ratio

7.45

Dividend Yield

9.10%

Beta

2.03

Frequently Asked Questions

What sell-side analysts currently cover shares of PennantPark Floating Rate Capital?

The following Wall Street sell-side analysts have issued stock ratings on PennantPark Floating Rate Capital in the last twelve months: LADENBURG THALM/SH SH, Maxim Group, TheStreet, and Zacks Investment Research.
View the latest analyst ratings for PFLT.

What is the current price target for PennantPark Floating Rate Capital?

0 Wall Street analysts have set twelve-month price targets for PennantPark Floating Rate Capital in the last year. has the lowest price target set, forecasting a price of $10,000,000.00 for PennantPark Floating Rate Capital in the next year.
View the latest price targets for PFLT.

What is the current consensus analyst rating for PennantPark Floating Rate Capital?

PennantPark Floating Rate Capital currently has 1 hold rating and 1 buy rating from Wall Street analysts. The stock has a consensus analyst rating of "Buy." A "buy" rating indicates that analysts believe PFLT will outperform the market and that investors should add to their positions of PennantPark Floating Rate Capital.
View the latest ratings for PFLT.

What other companies compete with PennantPark Floating Rate Capital?

How do I contact PennantPark Floating Rate Capital's investor relations team?

PennantPark Floating Rate Capital's physical mailing address is 590 MADISON AVENUE 15TH FLOOR, NEW YORK NY, 10022. The asset manager's listed phone number is 212-905-1000 and its investor relations email address is [email protected] The official website for PennantPark Floating Rate Capital is www.pennantpark.com.