Pennantpark Floating Rate Capital Ltd (PFLT) is Reiterated by Maxim Group to Buy, Raises Price Target to $ 14.50

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 Company’s 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.

Pennantpark Floating Rate Capital Ltd

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