PennantPark Floating Rate Capital (NYSE:PFLT) Upgraded to Moderate Buy at Keefe, Bruyette & Woods

Keefe, Bruyette & Woods upgraded shares of PennantPark Floating Rate Capital (NYSE:PFLT) from a hold rating to a moderate buy rating in a research note released on Monday, Marketbeat.com reports. The brokerage currently has $10.50 price target on the stock.

Other equities analysts also recently issued reports about the stock. Wall Street Zen raised shares of PennantPark Floating Rate Capital from a “sell” rating to a “hold” rating in a research note on Saturday, September 20th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of PennantPark Floating Rate Capital in a research note on Saturday, September 27th. One analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $10.50.

PennantPark Floating Rate Capital Price Performance

PFLT stock opened at $8.86 on Monday. PennantPark Floating Rate Capital has a 1 year low of $8.69 and a 1 year high of $11.90. The stock has a market capitalization of $879.09 million, a P/E ratio of 10.55 and a beta of 0.97. The company has a quick ratio of 0.22, a current ratio of 0.22 and a debt-to-equity ratio of 0.83.

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.