PennantPark Floating Rate Capital (PFLT) Initiated with Buy Rating

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.

 

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