PennantPark Floating Rate Capital Ltd’s recent filing unveils that its Director Briones Jose A acquired Company’s shares for reported $19892.0 on Jun 05 ’24. In the deal valued at $11.40 per share,1,745 shares were bought. As a result of this transaction, Briones Jose A now holds 319,598 shares worth roughly $3.55 million.
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Then, Allorto Richard T JR bought 10,000 shares, generating $113,000 in total proceeds. Upon buying the shares at $11.30, the CFO and Treasurer now owns 10,000 shares.
Before that, Briones Jose A bought 885 shares. PennantPark Floating Rate Capital Ltd shares valued at $10,027 were divested by the Director at a price of $11.33 per share. As a result of the transaction, Briones Jose A now holds 317,738 shares, worth roughly $3.53 million.
Maxim Group upgraded its PennantPark Floating Rate Capital Ltd [PFLT] rating to a Buy from a a Hold in a research note published recently. A number of analysts have revised their coverage, including UBS’s analysts, who began to cover the stock in early June with a ‘”a Neutral”‘ rating. Oppenheimer began covering PFLT with “Perform” recommendation on July 09, 2021. Maxim Group revised its rating on March 25, 2020. It rated PFLT as “a Hold” which previously was an “a Buy”.
Price Performance Review of PFLT
On Friday, PennantPark Floating Rate Capital Ltd [NYSE:PFLT] saw its stock fall -1.16% to $11.10. Over the last five days, the stock has lost -3.23%. PennantPark Floating Rate Capital Ltd shares have fallen nearly -8.26% since the year began. Nevertheless, the stocks have risen 9.25% over the past one year. While a 52-week high of $12.63 was reached on 01/08/24, a 52-week low of $10.07 was recorded on 08/05/24. SMA at 50 days reached $11.48, while 200 days put it at $11.37.
Levels Of Support And Resistance For PFLT Stock
The 24-hour chart illustrates a support level at 11.00, which if violated will result in even more drops to 10.91. On the upside, there is a resistance level at 11.24. A further resistance level may holdings at 11.39. The Relative Strength Index (RSI) on the 14-day chart is 35.57, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.35, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 94.12%. Stochastics %K at 6.35% indicates the stock is a buying.
How much short interest is there in PennantPark Floating Rate Capital Ltd?
A steep rise in short interest was recorded in PennantPark Floating Rate Capital Ltd stocks on 2024-10-15, dropping by -0.14 million shares to a total of 0.79 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 0.93 million shares. There was a decline of -17.13%, which implies that there is a negative sentiment for the stock.
