PennantPark Floating Rate Capital (NYSE:PFLT) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of PennantPark Floating Rate Capital (NYSE:PFLT) from a sell rating to a hold rating in a research note published on Saturday morning.

PennantPark Floating Rate Capital Price Performance

Shares of PFLT opened at $9.52 on Friday. The company has a debt-to-equity ratio of 0.83, a current ratio of 0.22 and a quick ratio of 0.22. PennantPark Floating Rate Capital has a 1-year low of $8.82 and a 1-year high of $11.90. The company has a market cap of $944.57 million, a PE ratio of 8.29 and a beta of 0.99.

About PennantPark Floating Rate Capital

PennantPark Floating Rate Capital Ltd. is a business development company. It seeks to make secondary direct, debt, equity, and loan investments. The fund seeks to invest through floating rate loans in private or thinly traded or small market-cap, public middle market companies. It primarily invests in the United States and to a limited extent non-U.S.