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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 $11.93, down 0.08% from the previous day, and has increased 10.98% in one year. It has overperformed other stocks in the Asset Management industry by 0.01 percentage points. Pennantpark Floating Rate Capital stock is currently +23.12% from its 52-week low of $9.69, and -5.54% from its 52-week high of $12.63.

As of Jul 12, 2024, there are 66.73M shares of PFLT outstanding. The market capitalization of PFLT is $796.07M. In the last 24 hours, 899,639 PFLT shares were traded.

How to Buy Pennantpark Floating Rate Capital Stock

Not sure how to invest in Pennantpark Floating Rate Capital stock? Here's how.
  1. Decide where to buy Pennantpark Floating Rate Capital stock: You need to choose an online brokerage, but don't worry - we've analyzed dozens of online stock brokerages and apps to help you decide where to buy Pennantpark Floating Rate Capital stock.
  2. Open a brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've selected.
  3. Deposit money your investment account: Pick your payment method and add your details.
  4. 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 research website can help you understand if PFLT is a good stock to buy).
  5. Place your PFLT trade: Decide if you will purchase PFLT shares at the current market price or use a limit order to buy PFLT stock at a particular price.
  6. Watch your PFLT position: Create a watchlist to get the latest news on your new investment in Pennantpark Floating Rate Capital shares.

Step 1: Decide where to buy Pennantpark Floating Rate Capital stock

You need a brokerage account to access the NYSE market and buy PFLT shares.

A brokerage account is an investment account that enables you to buy and sell a variety of investments, including stocks, bonds, mutual funds, and ETFs.

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Step 2: Open a brokerage account

Now that you've chosen your brokerage, you'll need to fill out some personal information so you are able to invest in PFLT today.

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  1. Send your application by hitting the "Create Account" button.
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Step 3: Deposit money your investment account

Now that you have filled out your info on one of the best stock market apps, you can securely and quickly fund your account:

Check out the tutorial below if you need help transferring money into your new brokerage account.

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Step 4: Research Pennantpark Floating Rate Capital stock

Once you have figured out the best place to buy Pennantpark Floating Rate Capital stock, it's critical to analyze their stock before you buy, so you can wrap your head around the risk and upside.

Pennantpark Floating Rate Capital stock quick numbers

PFLT Price
$11.93
1w %
1.27%
1y %
10.98%
5y %
1.88%
P/E
7.75x
P/B
1.1x
P/S
5.11x
PEG
N/A
Revenue
$155.77M
Earnings
$87.22M
Fore. Rev. Growth
14.74%
Fore. Earn. Growth
-15.58%
Market Cap
$796.07M
Next Earnings
Aug 7, 2024
Next Dividend
Aug 1, 2024

PFLT Due Diligence Checks

WallStreetZen was built to help average investors do more accurate fundamental analysis.

You can see all of the due diligence checks on PFLT's stock page.

Is PFLT stock undervalued?

Investors use many financial metrics, analyses, models, and charts to gauge PFLT's intrinsic value.

Using relative valuations ratios:

  • PFLT may be undervalued based on its P/E ratio of 7.75x, relative to Asset Management industry P/E ratio of 28.33x
  • PFLT may be undervalued based on its P/B ratio of 1.1x, relative to Asset Management industry P/B ratio of 2.49x

You can do more valuation analysis on PFLT's stock here.

A quick look at PFLT Financials

Pros:

  • PFLT profit margin has gone up from -10.5% to 56% in the past year.

Cons:

  • PFLT has a relatively high debt to equity ratio of 1.24.
  • Total PFLT debt is higher than 5 years ago, relative to shareholder equity.

Is it a good time to buy Pennantpark Floating Rate Capital stock, according to analysts?

Out of 1 Equities analysts who track PFLT, the consensus analyst rating on Pennantpark Floating Rate Capital is a Buy

Please note that analyst ratings are not recommendations, nor are they financial advice.

You can dig deeper into what analysts are projecting on the Pennantpark Floating Rate Capital stock forecast page.

PFLT Momentum

SMA10
11.76
SMA20
11.56
SMA50
11.44
SMA100
11.38
SMA200
11.27
MACD
0.15
MACD Signal
0.1
MACD Histogram
0.05
RSI
69.73
Stochastic %K
90.99
Stochastic %D
87.99
StochRSI %K
74.22
StochRSI %D
76.09

PFLT Performance Metrics

Last year, PFLT earnings were $87.22M. In the last five year, PFLT's earnings have grown by 30.95% per year. This was faster than the Asset Management industry average of 20.45%.

Last year, PFLT revenue was $155.77M. In the last 5 year, PFLT's revenue has gone up by 12.34% per year. This was slower than the Asset Management industry average of 21.9%.

Dig into PFLT's earnings and revenue performance here.

Who is buying/selling PFLT?

In the last year, insiders at PFLT have bought more shares than they have sold.

Jose A. Briones, Director of PFLT, was the latest PFLT insider to buy. They bought $19,891.26 worth of PFLT shares on Jun 5, 2024.

Research more about who owns PFLT stock here.

Does PFLT provide a stable income stream?

Pennantpark Floating Rate Capital pays a dividend of 9.45%, compared to the Asset Management industry's average dividend yield of 6.81%. If you owned $1,000 of PFLT stock, you would have received $94.51 in the past 12 months.

Pennantpark Floating Rate Capital dividend payments have consistently grown over the past decade but have not remained stable.

Dig into more info about Pennantpark Floating Rate Capital dividend yield and history here.

What do other traders have to say about PFLT?

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Step 5: Place your PFLT trade

You have two main order types:

  • Market order: A market order is an order to buy or sell a security at the best available price.
    Market orders are generally fine.
  • Limit order: A limit order enables you to buy or sell a stock at a specific price (or better).
    If you want to ensure you're buying or selling at a specific dollar amount, use a limit order.

Click the Open Trade button and your broker will place your order.

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Step 6: Watch your PFLT position

Now that you own some PFLT shares, you'll want to stay up-to-date on your investment.

Make a watchlist to track your PFLT stock.

PFLT Feed

How to Buy Stock in Pennantpark Floating Rate Capital

To reiterate, here are the 6 steps to buy stock in Pennantpark Floating Rate Capital:

  1. Decide where to buy Pennantpark Floating Rate Capital stock
  2. Open a brokerage account
  3. Deposit money your investment account
  4. Research Pennantpark Floating Rate Capital stock
  5. Place your PFLT trade
  6. Watch your PFLT position

If you are looking for a brokerage account, eToro is our favorite option.

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eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

If you would like to watch your investment in Pennantpark Floating Rate Capital, click the button below.

NYSE: PFLT
$11.93-0.01 (-0.08%)
Updated Jul 12, 2024
Open eToro Account
NYSE: PFLT
$11.93-0.01 (-0.08%)
Updated Jul 12, 2024
Open eToro Account

FAQ

How much does it cost to buy one Pennantpark Floating Rate Capital share?

As of Jul 12, 2024, it costs $11.93 to buy one share of Pennantpark Floating Rate Capital stock.

Remember, eToro's fractional share buying allows you to buy partial shares of stocks and ETFs. Even if you only have $5, you can buy 0.419 shares of PFLT.

Get Started with eToro Today
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

Is now a good time to buy Pennantpark Floating Rate Capital stock?

According to 1 Wall Street analysts who monitor Pennantpark Floating Rate Capital, their consensus recommendation is to buy Pennantpark Floating Rate Capital stock.

What is the best way to buy Pennantpark Floating Rate Capital stock?

One way to place an order for Pennantpark Floating Rate Capital stock is with a brokerage account.
WallStreetZen does not provide financial advice and does not issue recommendations or offers to buy stock or sell any security.

Information is provided 'as-is' and solely for informational purposes and is not advice. WallStreetZen does not bear any responsibility for any losses or damage that may occur as a result of reliance on this data.