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

PennantPark Floating Rate Capital (NYSE:PFLT) was upgraded by Keefe, Bruyette & Woods from a “hold” rating to a “moderate buy” rating in a research report issued on Monday,Zacks.com reports.

Several other research firms have also recently weighed in on PFLT. Wall Street Zen upgraded 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 investment analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, PennantPark Floating Rate Capital currently has an average rating of “Moderate Buy”.

PennantPark Floating Rate Capital Price Performance

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

About PennantPark Floating Rate Capital

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.