Pennantpark Floating Rate (PFLT) receives suspension from Maxim Group


Maxim Group Analyst Michael diana maintained a Hold note on the floating rate of Pennantpark (PFLT) yesterday. Shares of the company closed last Monday at $ 12.51, near their 52-week high of $ 12.85.

According to, Diana is a 5-star analyst with an average performance of 14.3% and a success rate of 55.7%. Diana covers the financial sector, focusing on stocks such as First Savings Financial Group, Westamerica Bancorporation and Manhattan Bridge Capital.

Pennantpark Floating Rate has a Hold Analyst consensus.

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Based on Pennantpark Floating Rate‘s latest earnings release for the quarter ended December 31, the company reported quarterly revenue of $ 26.93 million and net profit of $ 26.13 million . In comparison, last year the company recorded a GAAP net loss of $ 21.1 million.

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PennantPark Floating Rate Capital Ltd. is an investment company with fixed capital, managed externally and not diversified. It invests primarily in variable interest rate loans or variable rate loans, and other investments made to US mid-market companies. The company was founded by Arthur Howard Penn on October 28, 2010 and is headquartered in New York, NY.


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