Somewhat Negative Press Coverage Somewhat Unlikely to Affect Pennantpark Floating Rate Capital (PFLT) Share Price
Media headlines about Pennantpark Floating Rate Capital (NASDAQ:PFLT) have trended somewhat negative on Monday, Accern reports. Accern ranks the sentiment of news coverage by monitoring more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Pennantpark Floating Rate Capital earned a media sentiment score of -0.17 on Accern’s scale. Accern also gave news coverage about the asset manager an impact score of 45.1312265713615 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
These are some of the media stories that may have effected Accern Sentiment Analysis’s scoring:
- Pennantpark Floating Rate Capital Ltd (PFLT) Given Consensus Recommendation of “Buy” by Brokerages (americanbankingnews.com)
- Pennantpark Floating Rate Capital (PFLT) Upgraded to “Hold” at BidaskClub (americanbankingnews.com)
- Pennantpark Floating Rate Capital (PFLT) Given a $15.00 Price Target at Keefe, Bruyette & Woods (americanbankingnews.com)
- PennantPark Floating Rate Capital Ltd. Announces Financial Results for the Quarter Ended December 31, 2017 (finance.yahoo.com)
- PennantPark Floating Rate Capital Ltd. to Host Earnings Call (finance.yahoo.com)
Pennantpark Floating Rate Capital (NASDAQ:PFLT) opened at $12.19 on Monday. The company has a market capitalization of $472.63, a P/E ratio of 13.25 and a beta of 0.54. Pennantpark Floating Rate Capital has a one year low of $12.00 and a one year high of $14.65.
The company also recently announced a monthly dividend, which will be paid on Thursday, March 1st. Stockholders of record on Friday, February 16th will be paid a $0.095 dividend. This represents a $1.14 dividend on an annualized basis and a dividend yield of 9.35%. The ex-dividend date is Thursday, February 15th. Pennantpark Floating Rate Capital’s payout ratio is presently 123.91%.
A number of equities research analysts have recently weighed in on PFLT shares. Keefe, Bruyette & Woods set a $15.00 price objective on Pennantpark Floating Rate Capital and gave the stock a “buy” rating in a research report on Friday. ValuEngine upgraded Pennantpark Floating Rate Capital from a “hold” rating to a “buy” rating in a research report on Friday, December 1st. Maxim Group reiterated a “buy” rating and issued a $14.75 price objective on shares of Pennantpark Floating Rate Capital in a research report on Friday, December 1st. BidaskClub upgraded Pennantpark Floating Rate Capital from a “sell” rating to a “hold” rating in a research report on Friday, December 22nd. Finally, Zacks Investment Research upgraded Pennantpark Floating Rate Capital from a “sell” rating to a “hold” rating in a research report on Tuesday, February 6th. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Pennantpark Floating Rate Capital has an average rating of “Buy” and a consensus price target of $15.10.
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About Pennantpark Floating Rate Capital
PennantPark Floating Rate Capital Ltd. is a business development company. The Company is a closed-end, externally managed and non-diversified investment company. Its investment objectives are to generate current income and capital appreciation by investing primarily in floating rate loans and other investments made to the United States middle-market companies.
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