PennantPark Floating Rate Capital (NYSE:PFLT) Upgraded by Wall Street Zen to Hold Rating

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

PennantPark Floating Rate Capital Stock Down 0.4%

NYSE:PFLT opened at $9.78 on Friday. The firm has a market capitalization of $970.37 million, a P/E ratio of 8.29 and a beta of 0.98. The company has a debt-to-equity ratio of 0.83, a current ratio of 0.22 and a quick ratio of 0.22.

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.