PennantPark Floating Rate Capital (PFLT) initiated with Buy rating by research analysts at investment firm Stifel Nicolaus. Price target has been set at $14.25 for the company. PFLT is a new financial security listed on the NASDAQ and first began being traded on April 8, 2011.
PFLT has a market cap of $77,000,000 with 6,001,000 shares outstanding. Its standing high for the year so far is $14.13 with the low being $12.55.
PennantPark Floating Rate Capital Ltd. (NASDAQ: PFLT) is an externally managed investment company that has elected to be treated as a business development company under the Investment Company Act of 1940.