11.11 % to Target, KBW Reconfirms ‘”Buy”’ Rating on Pennantpark Floating Rate (NASDAQ:PFLT) Shares Today

December 8, 2017 - By Hazel Jackson

 11.11 % to Target, KBW Reconfirms ‘

Investors sentiment decreased to 1.29 in 2017 Q2. Its down 2.98, from 4.27 in 2017Q1. It dived, as 6 investors sold PennantPark Floating Rate Capital Ltd. shares while 22 reduced holdings. 15 funds opened positions while 21 raised stakes. 8.06 million shares or 52.89% less from 17.10 million shares in 2017Q1 were reported.

169,619 were reported by Freestone Capital Ltd Llc. Citigroup holds 5,300 shares. Hightower Ltd Limited Liability Company reported 111,376 shares. Van Eck Corp accumulated 0.02% or 281,802 shares. 17,228 are owned by Lpl Financial Ltd. Colorado-based Jbf Inc has invested 0.01% in PennantPark Floating Rate Capital Ltd. (NASDAQ:PFLT). Ares Management Lc stated it has 0.14% of its portfolio in PennantPark Floating Rate Capital Ltd. (NASDAQ:PFLT). First Allied Advisory Incorporated reported 0.01% stake. Polar Capital Ltd Liability Partnership has 460,000 shares. Mckinley Capital Mngmt Limited Liability Corporation Delaware holds 88,280 shares. Commonwealth Equity Ser Inc has invested 0% of its portfolio in PennantPark Floating Rate Capital Ltd. (NASDAQ:PFLT). California Employees Retirement System holds 0% of its portfolio in PennantPark Floating Rate Capital Ltd. (NASDAQ:PFLT) for 25,600 shares. Ameriprise reported 63,310 shares stake. Arrowstreet Partnership invested 0.01% of its portfolio in PennantPark Floating Rate Capital Ltd. (NASDAQ:PFLT). Morgan Stanley holds 0% in PennantPark Floating Rate Capital Ltd. (NASDAQ:PFLT) or 328,033 shares.

Pennantpark Floating Rate (NASDAQ:PFLT) Rating Reaffirmed

Professional analysts at KBW now has a $15.5 PT on Pennantpark Floating Rate (NASDAQ:PFLT). KBW and their recent PT gives a potential upside of 11.11 % from the company’s last stock price. The rating has been revealed to clients and investors in a report on 5 October.

Investors sentiment decreased to 1.29 in 2017 Q2. Its down 2.98, from 4.27 in 2017Q1. It dived, as 6 investors sold PennantPark Floating Rate Capital Ltd. shares while 22 reduced holdings. 15 funds opened positions while 21 raised stakes. 8.06 million shares or 52.89% less from 17.10 million shares in 2017Q1 were reported.

169,619 were reported by Freestone Capital Ltd Llc. Citigroup holds 5,300 shares. Hightower Ltd Limited Liability Company reported 111,376 shares. Van Eck Corp accumulated 0.02% or 281,802 shares. 17,228 are owned by Lpl Financial Ltd. Colorado-based Jbf Inc has invested 0.01% in PennantPark Floating Rate Capital Ltd. (NASDAQ:PFLT). Ares Management Lc stated it has 0.14% of its portfolio in PennantPark Floating Rate Capital Ltd. (NASDAQ:PFLT). First Allied Advisory Incorporated reported 0.01% stake. Polar Capital Ltd Liability Partnership has 460,000 shares. Mckinley Capital Mngmt Limited Liability Corporation Delaware holds 88,280 shares. Commonwealth Equity Ser Inc has invested 0% of its portfolio in PennantPark Floating Rate Capital Ltd. (NASDAQ:PFLT). California Employees Retirement System holds 0% of its portfolio in PennantPark Floating Rate Capital Ltd. (NASDAQ:PFLT) for 25,600 shares. Ameriprise reported 63,310 shares stake. Arrowstreet Partnership invested 0.01% of its portfolio in PennantPark Floating Rate Capital Ltd. (NASDAQ:PFLT). Morgan Stanley holds 0% in PennantPark Floating Rate Capital Ltd. (NASDAQ:PFLT) or 328,033 shares.

PennantPark Floating Rate Capital Ltd. (NASDAQ:PFLT) Ratings Coverage

Among 8 analysts covering PennantPark Floating Rate Capital (NASDAQ:PFLT), 5 have Buy rating, 0 Sell and 3 Hold. Therefore 63% are positive. PennantPark Floating Rate Capital has $15.5000 highest and $13 lowest target. $14.34’s average target is 2.80% above currents $13.95 stock price. PennantPark Floating Rate Capital had 14 analyst reports since August 26, 2015 according to SRatingsIntel. The stock has “Buy” rating by Ladenburg Thalmann on Thursday, May 11. The firm has “Buy” rating given on Thursday, October 5 by Keefe Bruyette & Woods. The company was maintained on Wednesday, August 9 by Maxim Group. On Monday, November 16 the stock rating was maintained by Maxim Group with “Buy”. Maxim Group maintained PennantPark Floating Rate Capital Ltd. (NASDAQ:PFLT) rating on Friday, December 1. Maxim Group has “Buy” rating and $14.75 target. The rating was maintained by Maxim Group on Tuesday, October 17 with “Buy”. Zacks upgraded the shares of PFLT in report on Wednesday, August 26 to “Hold” rating. Maxim Group maintained it with “Buy” rating and $14.50 target in Friday, November 25 report. The rating was maintained by Wood with “Market Perform” on Wednesday, August 26. The firm has “Buy” rating given on Sunday, July 23 by Keefe Bruyette & Woods.

The stock increased 0.43% or $0.06 during the last trading session, reaching $13.95. About 175,973 shares traded. PennantPark Floating Rate Capital Ltd. (NASDAQ:PFLT) has risen 19.25% since December 8, 2016 and is uptrending. It has outperformed by 2.55% the S&P500.

More notable recent PennantPark Floating Rate Capital Ltd. (NASDAQ:PFLT) news were published by: Nasdaq.com which released: “PennantPark Floating Rate Capital Ltd. (PFLT) Ex-Dividend Date Scheduled for …” on September 18, 2017, also Globenewswire.com with their article: “PennantPark Floating Rate Capital Ltd. Announces New Investment Venture with a …” published on May 09, 2017, Globenewswire.com published: “PennantPark Floating Rate Capital Ltd. Announces Financial Results for the …” on November 30, 2017. More interesting news about PennantPark Floating Rate Capital Ltd. (NASDAQ:PFLT) were released by: Globenewswire.com and their article: “PennantPark Floating Rate Capital Ltd. Announces Dual Listing on the Tel Aviv …” published on November 27, 2017 as well as Nasdaq.com‘s news article titled: “PennantPark Floating Rate Capital Ltd. (PFLT) Ex-Dividend Date Scheduled for …” with publication date: November 15, 2017.

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