How to Buy Pennantpark Floating Rate Capital Stock
Pennantpark Floating Rate Capital Ltd
PennantPark Floating Rate Capital Ltd. is a business development company. It seeks to make secondary direct, debt, equity, and loan investments.
Pennantpark Floating Rate Capital stock last closed at $10.60, up 0.47% from the previous day, and has decreased 2.21% in one year. It has underperformed other stocks in the Asset Management industry by 0.11 percentage points. Pennantpark Floating Rate Capital stock is currently +19.91% from its 52-week low of $8.84, and -14.03% from its 52-week high of $12.33.
There are currently 58.73M PFLT shares outstanding. The market cap of PFLT is $622.59M. In the past 24 hours, 227,336 PFLT shares were traded.
How to Buy Pennantpark Floating Rate Capital Stock
Wondering how to invest in Pennantpark Floating Rate Capital stock? Here's how.
- Decide where to buy Pennantpark Floating Rate Capital stock: You need to decide on a stock brokerage, but don't worry - we've tried dozens of online brokerages and apps to help you figure out where to buy Pennantpark Floating Rate Capital stock.
- Open a brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've identified.
- Deposit money your investment account: Choose your payment method and add your details.
- Research Pennantpark Floating Rate Capital stock: The Pennantpark Floating Rate Capital ticker symbol is PFLT. Is Pennantpark Floating Rate Capital stock a good investment? Should you buy shares of PFLT? How do PFLT's underlying business fundamentals look? Do top analysts think Pennantpark Floating Rate Capital is a good buy? Why has PFLT's stock price moved recently? (Hint: Our stock market research tools can help you evaluate if PFLT is a good stock to buy).
- Place your PFLT trade: Decide if you will purchase PFLT shares at the current market price or use a limit order to purchase PFLT shares at a given price.
- Watch your PFLT position: Create a watchlist to keep track of your position in Pennantpark Floating Rate Capital stock.
Step 1: Decide where to buy Pennantpark Floating Rate Capital stock
You need a brokerage account in order to access the NYSE market and buy PFLT stock.
Our favorite brokerage: eToro
Based on our research, eToro is the best brokerage. Here's why:
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Open eToro AccountStep 2: Open a brokerage account
Now that you've chosen the best brokerage, it's time to fill out some personal info so you are able to buy PFLT today.
How to Set Up a New Brokerage Account on eToro
- Click here to get started.
- Input your personal details to create a new brokerage account.
- Send your data by pressing the "Create Account" button.
Step 3: Deposit money your investment account
Now that you've finished signing up on our top ranked stock trading app, you need to deposit funds:
Check out the tutorial below if you need help depositing funds into your new brokerage account.
Step 4: Research Pennantpark Floating Rate Capital stock
Once you have selected the best place to buy Pennantpark Floating Rate Capital stock, it's crucial to evaluate their stock before you invest, so you truly understand the risk and upside.
Pennantpark Floating Rate Capital quick stats
Pennantpark Floating Rate Capital Due Diligence Checks
WallStreetZen was created to help everyday investors perform more accurate fundamental analysis quickly.
You can view all of the due diligence checks on PFLT's stock page.
Is PFLT stock undervalued or overvalued?
Investors use a variety of different financial metrics, analyses, models, and charts to gauge PFLT's intrinsic value.
Using relative valuations measures:
- PFLT may be undervalued based on its P/B ratio of 1.02x, relative to Asset Management industry P/B ratio of 2x
You can do more valuation analysis on PFLT's stock here.
A quick look at PFLT Financials
Pros:
- PFLT's operating cash flow of $126.98M allows it to safely service it's debt of $552.64M.
Cons:
- PFLT earnings of $37.65M is not sufficient to cover its interest payments.
- Total PFLT debt is higher than 5 years ago, relative to shareholder equity.
- PFLT has a relatively high debt to equity ratio of 0.95.
- PFLT profit margin has gone down from 21% to -1.5% in the past year.
Is it a good time to buy PFLT stock, according to Wall Street analysts?
Out of 2 sell side analysts who track PFLT, the consensus analyst rating on PFLT is a Buy
It's important to keep in mind that analyst ratings are not stock recommendations, nor are they investment advice.
Most Recent PFLT Analyst Upgrades/Downgrades
Vilas Abraham, a bottom 28% analyst from UBS initiates coverage on PFLT with a hold rating and announces their PFLT price target of $11.00, on Jun 8, 2023.
Kevin Fitzsimmons, a top 25% analyst from JMP Securities reiterates PFLT with a buy rating and maintains their PFLT price target from $12.00 to $12.00, on May 15, 2023.
You can dig deeper into what analysts are saying on the Pennantpark Floating Rate Capital stock forecast page.
Metrics for Advanced PFLT Traders
Is PFLT Making Money?
Last year, PFLT revenue was $132.39M. In the last 5 year, PFLT's revenue has gone up by 13.82% per year. This was slower than the Asset Management industry average of 14.06%.
Dig into PFLT's earnings and revenue performance here.
Who is buying/selling PFLT?
In the last year, insiders at PFLT have not bought or sold any shares.
Dig into more about who owns PFLT stock here.
Does PFLT provide a stable income stream?
Pennantpark Floating Rate Capital pays a dividend of 11.18%, compared to the Asset Management industry's average dividend yield of 6.67%. If you owned $1,000 worth of PFLT stock, you would have received $111.79 last year.
Pennantpark Floating Rate Capital dividend payments have consistently grown over the past decade but have not remained stable.
Dig into more analysis about Pennantpark Floating Rate Capital dividend yield and history here.
What others are saying about PFLT
One of the biggest reasons eToro is our favorite brokerage is because of its social trading community.
Click below to learn what other investors have to say.
Step 5: Place your PFLT trade
There are two main order types:
- Market order: A market order is an order to buy or sell a stock at the best price on the market.
Market orders are usually fine for most investors. - Limit order: A limit order lets you buy or sell a security at a specific price (or better).
If you want to make sure you're buying or selling at an exact dollar amount, use a limit order.
Hit the Open Trade button and your broker will execute the order.
If you need more help with investing in stocks on eToro, watch the helpful video below:
Step 6: Watch your PFLT position
Now that you own some PFLT shares, you'll want to keep up with your new company.
Create a watchlist to monitor your PFLT stock.
PFLT Feed
How to Buy Stock in Pennantpark Floating Rate Capital
To reiterate, here are the 6 steps for buying Pennantpark Floating Rate Capital stock:
- Decide where to buy Pennantpark Floating Rate Capital stock
- Open a brokerage account
- Deposit money your investment account
- Research Pennantpark Floating Rate Capital stock
- Place your PFLT trade
- Watch your PFLT position
If you require a brokerage, eToro is our favorite option.
Get Started with eToro TodayIf you want to get the latest news on your new investment in Pennantpark Floating Rate Capital, add PFLT to your watchlist below.
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