Pennantpark Floating Rate Capital Ltd (PFLT) was Reiterated by Maxim Group to “Buy” according to the research note released today. The brokerage firm has raised the Price Target to $ 14.50 from a previous price target of $14 . Maxim Group advised their investors in a research report released on Nov 25, 2016.
In a different news, on Feb 12, 2016, Samuel L Katz (director) purchased 4,140 shares at $10.50 per share price. According to the SEC, on Nov 24, 2015, Jeffrey Flug (director) purchased 500 shares at $11.60 per share price. On Aug 21, 2015, Aviv Efrat (CFO) purchased 15,000 shares at $12.85 per share price, according to the Form-4 filing with the securities and exchange commission.
PennantPark Floating Rate Capital Ltd. is a business development company. The Company is a closed-end externally managed non-diversified investment company. The Companys objective is to generate current income and capital appreciation by investing primarily in loans bearing a variable-rate of interest or Floating Rate Loans and other investments made to the United States middle-market companies. The Investment Adviser of the Company has invested in Aerospace and Defense Auto Sector Beverage Food and Tobacco Financial Services Buildings and Real Estate and other industries.