PennantPark Floating Rate Capital Ltd's fundamentals are relatively healthy, with an industry-leading ESG disclosure.and its growth potential is high.Its valuation is considered fairly valued, ranking 11 out of 30 in the Collective Investments industry.Institutional ownership is very high.Over the past month, multiple analysts have rated it as Buy, with the highest price target at 10.29.In the medium term, the stock price is expected to trend down.Despite a weak stock market performance over the past month, the company shows strong fundamentals and technicals.The stock price is trading sideways between the support and resistance levels, making it suitable for range-bound swing trading.
Media Coverage
The current financial score of PennantPark Floating Rate Capital Ltd is 6.81, ranking 15 out of 30 in the Collective Investments industry. Its financial status is stable, and its operating efficiency is high. Its latest quarterly revenue reached 39.87M, representing a year-over-year decrease of 39.01%, while its net profit experienced a year-over-year decrease of 112.63%.
Key Metrics
The current valuation score of PennantPark Floating Rate Capital Ltd is 7.45, ranking 19 out of 30 in the Collective Investments industry. Its current P/E ratio is 23.13, which is 23.45% below the recent high of 28.55 and 598.74% above the recent low of -115.37.
The current earnings forecast score of PennantPark Floating Rate Capital Ltd is 7.50, ranking 10 out of 30 in the Collective Investments industry. The average price target is 11.00, with a high of 11.50 and a low of 9.50.
Data disclaimer: Analyst ratings and target prices are provided by LSEG for informational purposes only and do not constitute investment advice.
The current price momentum score of PennantPark Floating Rate Capital Ltd is 6.47, ranking 25 out of 30 in the Collective Investments industry. Currently, the stock price is trading between the resistance level at 8.23 and the support level at 7.47, making it suitable for range-bound swing trading.
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The current institutional shareholding score of PennantPark Floating Rate Capital Ltd is 3.00, ranking 6 out of 30 in the Collective Investments industry. The latest institutional shareholding proportion is 24.16%, representing a quarter-over-quarter increase of 4.33%. The largest institutional shareholder is Invesco, holding a total of 1.22M shares, representing 1.23% of shares outstanding, with 13.18% increase in holdings.
The U.S. Dollar Index is currently in a neutral state, which has a neutral effect on the Collective Investments domestic-focused industry. The Dollar Index (DXY) measures the value of the U.S. dollar against a basket of major currencies, including the euro, yen, pound sterling, Canadian dollar, Swedish krona, and Swiss franc. The current risk assessment score of PennantPark Floating Rate Capital Ltd is 9.59, ranking 2 out of 30 in the Collective Investments industry. The company's beta value is 0.75. This indicates that the stock tends to underperform the index during upward trending markets but experiences smaller declines during downward trending markets. with an industry-leading ESG disclosure.
