PennantPark Floating Rate Capital Ltd. (NYSE:PFLT) Short Interest Up 38.5% in February

PennantPark Floating Rate Capital Ltd. (NYSE:PFLT) was the recipient of a significant growth in short interest in February. As of February 13th, there was short interest totaling 2,503,231 shares, a growth of 38.5% from the January 29th total of 1,806,819 shares. Currently, 2.5% of the shares of the stock are short sold. Based on an average trading volume of 1,454,948 shares, the days-to-cover ratio is presently 1.7 days. Based on an average trading volume of 1,454,948 shares, the days-to-cover ratio is presently 1.7 days. Currently, 2.5% of the shares of the stock are short sold.

PennantPark Floating Rate Capital Stock Performance

NYSE:PFLT opened at $8.19 on Monday. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.15 and a current ratio of 0.15. PennantPark Floating Rate Capital has a fifty-two week low of $8.16 and a fifty-two week high of $11.46. The company’s 50 day moving average is $9.16. The stock has a market capitalization of $812.61 million, a price-to-earnings ratio of 24.09 and a beta of 0.77.

PennantPark Floating Rate Capital (NYSE:PFLT) last posted its quarterly earnings results on Monday, February 9th. The company reported $0.27 EPS for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.03). The firm had revenue of $12.72 million for the quarter. PennantPark Floating Rate Capital had a net margin of 13.03% and a return on equity of 9.72%.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of PennantPark Floating Rate Capital in a report on Monday, December 29th. One research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $10.50.

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. companies. The fund typically invests between $2 million and $20 million. The fund also invests in equity securities, such as preferred stock, common stock, warrants or options received in connection with debt investments or through direct investments.