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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 $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.
  1. 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.
  2. Open a brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've identified.
  3. Deposit money your investment account: Choose 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 market research tools can help you evaluate 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 purchase PFLT shares at a given price.
  6. 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.

A brokerage account allows you to buy and sell a variety of financial instruments, such as stocks, bonds, mutual funds, and ETFs.

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Step 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.

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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:

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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

PFLT Price
$10.60
1w %
-2.12%
1y %
-2.21%
5y %
-20.66%
P/E
-88.33x
P/B
1.02x
P/S
4.7x
PEG
N/A
Revenue
$132.39M
Earnings
-$1.92M
Fore. Rev. Growth
N/A
Fore. Earn. Growth
N/A
Market Cap
$622.59M
Next Earnings
Nov 14, 2023
Next Dividend
Oct 2, 2023

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

SMA10
10.73
SMA20
10.72
SMA50
10.81
SMA100
10.77
SMA200
10.84
MACD
-0.02
MACD Signal
-0.01
MACD Histogram
-0.01
RSI
47.23
Stochastic %K
19.82
Stochastic %D
30.03
StochRSI %K
19.18
StochRSI %D
27.92

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

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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.

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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:

  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 require a brokerage, eToro is our favorite option.

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If you want to get the latest news on your new investment in Pennantpark Floating Rate Capital, add PFLT to your watchlist below.

NYSE: PFLT
$10.60+0.05 (+0.47%)
Updated Sep 22, 2023
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NYSE: PFLT
$10.60+0.05 (+0.47%)
Updated Sep 22, 2023
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FAQ

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

As of Sep 22, 2023, it costs $10.60 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 0.472 shares of PFLT.

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

According to 2 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.