Today, the CFO of Pennantpark Floating Rate (PFLT), Aviv Efrat, bought shares of PFLT for $98.81K.
This recent transaction increases Aviv Efrat’s holding in the company by 22.19% to a total of $541.8K. In addition to Aviv Efrat, 5 other PFLT executives reported Buy trades in the last month.
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Based on Pennantpark Floating Rate’s latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $24.08 million and GAAP net loss of $5.47 million. In comparison, last year the company earned revenue of $17.96 million and had a net profit of $15.59 million. PFLT’s market cap is $465.3M and the company has a P/E ratio of 29.87. Currently, Pennantpark Floating Rate has an average volume of 121.2K.
Based on 3 analyst ratings, the analyst consensus is Moderate Buy with an average price target of $13.50, reflecting a 12.5% upside.
Aviv Efrat’s trades have generated a 38.6% average return based on past transactions. DailyInsider proprietary algorithm detects trades by the most influential insiders and selects attractive trading opportunities daily. To subscribe to the DailyInsider visit this page.
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PennantPark Floating Rate Capital Ltd. is a closed-end, externally managed, non-diversified investment company. It invests primarily in loans bearing a variable-rate of interest or floating rate loans, and other investments made to U.S. middle-market companies.
