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Zacks Investment Research downgraded Pennantpark Floating Rate Capital Ltd (NASDAQ:PFLT) to Hold in a report released today.

Zacks Investment Research has downgraded Pennantpark Floating Rate Capital Ltd (NASDAQ:PFLT) to Hold in a report released on 10/5/2016.

Previously on Wednesday August 24, 2016, Zacks Investment Research reported on Pennantpark Floating Rate Capital Ltd (NASDAQ:PFLT) increased the target price from $0.00 to $15.00. At the time, this indicated a possible upside of 0.15%.

Just yesterday Pennantpark Floating Rate Capital Ltd (NASDAQ:PFLT) traded 0.67% higher at $13.54. Pennantpark Floating Rate Capital Ltd’s 50-day moving average is $13.04 and its 200-day moving average is $12.42. The last closing price is up 9.51% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has decreased -0.01% over the same time period. 77,231 shares of PFLT traded hands, down from an average trading volume of 77,920

Recent Performance Chart

Pennantpark Floating Rate Capital Ltd (NASDAQ:PFLT)

Pennantpark Floating Rate Capital Ltd has with a one year low of $9.73 and a one year high of $13.60 and has a total market value of $0.

Brief Synopsis About Pennantpark Floating Rate Capital Ltd (NASDAQ:PFLT)

PennantPark Floating Rate Capital Ltd. is a business development company. The Company is a closed-end, externally managed, non-diversified investment company. The Company's objective is to generate current income and capital appreciation by investing primarily in loans bearing a variable-rate of interest, or Floating Rate Loans, and other investments made to the United States middle-market companies. The Investment Adviser of the Company has invested in Aerospace and Defense, Auto Sector, Beverage, Food and Tobacco, Financial Services, Buildings and Real Estate and other industries.

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