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 $10.94, up 0.27% from the previous day, and has decreased 8.45% in one year. It has underperformed other stocks in the Asset Management industry by 0.27 percentage points. Pennantpark Floating Rate Capital stock is currently +6.45% from its 52-week low of $10.28, and -9.81% from its 52-week high of $12.13.
As of Jan 13, 2025, there are 83.23M shares of PFLT outstanding. The market capitalization of PFLT is $910.54M. In the last 24 hours, 691,193 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.
- 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.
- Open a brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've selected.
- Deposit money your investment account: Pick 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 research website can help you understand 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 buy PFLT stock at a particular price.
- 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.
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Open eToro AccountStep 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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- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Input your personal details to start your new trading account.
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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.
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 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 7.81x, relative to Asset Management industry P/E ratio of 45.39x
- PFLT may be undervalued based on its P/B ratio of 1.04x, relative to Asset Management industry P/B ratio of 2.8x
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 28.2% to 49.3% in the past year.
Cons:
- PFLT has a relatively high debt to equity ratio of 1.4.
- 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 2 Equities analysts who track PFLT, the consensus analyst rating on Pennantpark Floating Rate Capital is a Strong 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
PFLT Performance Metrics
Last year, PFLT earnings were $91.84M. In the last five year, PFLT's earnings have grown by 37.01% per year. This was faster than the Asset Management industry average of 8.82%.
Last year, PFLT revenue was $186.36M. In the last 5 year, PFLT's revenue has gone up by 14.93% per year. This was slower than the Asset Management industry average of 21.24%.
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 10.31%, compared to the Asset Management industry's average dividend yield of 6.55%. If you owned $1,000 of PFLT stock, you would have received $103.06 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?
One of the primary reasons eToro is our top-rated brokerage is because of its social trading community.
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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.
If you need additional info about investing in stocks on eToro, watch the how to video below:
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:
- 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 are looking for a brokerage account, eToro is our favorite option.
Get Started with eToro TodayIf you would like to watch your investment in Pennantpark Floating Rate Capital, click the button below.
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