PennantPark Floating Rate Capital Ltd’s filing revealed that its CFO and Treasurer Allorto Richard T JR acquired Company’s shares for reported $0.11 million on May 30 ’24. In the deal valued at $11.30 per share,10,000 shares were bought. As a result of this transaction, Allorto Richard T JR now holds 10,000 shares worth roughly $0.11 million.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Then, Briones Jose A bought 885 shares, generating $10,027 in total proceeds. Upon buying the shares at $11.33, the Director now owns 317,738 shares.
Before that, Briones Jose A bought 1,740 shares. PennantPark Floating Rate Capital Ltd shares valued at $19,972 were divested by the Director at a price of $11.48 per share. As a result of the transaction, Briones Jose A now holds 316,853 shares, worth roughly $3.61 million.
UBS initiated its PennantPark Floating Rate Capital Ltd [PFLT] rating to a Neutral in a research note published on June 08, 2023; the price target was $11. A number of analysts have revised their coverage, including Oppenheimer’s analysts, who began to cover the stock in early July with a ‘”a Perform”‘ rating. Maxim Group also remained covering PFLT and has decreased its forecast on March 25, 2020 with a “Hold” recommendation from previously “Buy” rating. Ladenburg Thalmann revised its rating on May 13, 2019. It rated PFLT as “a Neutral” which previously was an “a Buy”.
Price Performance Review of PFLT
On Monday, PennantPark Floating Rate Capital Ltd [NYSE:PFLT] saw its stock unchanged to $11.39. Over the last five days, the stock has lost -0.09%. PennantPark Floating Rate Capital Ltd shares have fallen nearly -5.87% since the year began. Nevertheless, the stocks have risen 4.02% over the past one year. While a 52-week high of $12.63 was reached on 01/08/24, a 52-week low of $9.69 was recorded on 03/19/24. SMA at 50 days reached $11.34, while 200 days put it at $11.18. A total of 0.52 million shares were traded, compared to the trading of 0.38 million shares in the previous session.
Levels Of Support And Resistance For PFLT Stock
The 24-hour chart illustrates a support level at 11.34, which if violated will result in even more drops to 11.30. On the upside, there is a resistance level at 11.45. A further resistance level may holdings at 11.51. The Relative Strength Index (RSI) on the 14-day chart is 53.40, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.06, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 23.53%. Stochastics %K at 74.51% indicates the stock is a holding.
