Technical Analysis for PFLT - PennantPark Floating Rate Capital Ltd.

Grade Last Price % Change Price Change
F 11.05 0.36% 0.04
PFLT closed up 0.36 percent on Monday, February 6, 2023, on 1.29 times normal volume.
Earnings due: Feb 7
*** please verify all earnings dates ***

Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Strong Down Down Up

Date Alert Name Type % Chg
Outside Day Range Expansion 0.00%
1,2,3 Retracement Bearish Bearish Swing Setup 0.36%
Non-ADX 1,2,3,4 Bearish Bearish Swing Setup 0.36%
NR7 Range Contraction 0.36%
NR7-2 Range Contraction 0.36%
Narrow Range Bar Range Contraction 0.36%
Inside Day Range Contraction 0.36%
NR7 Range Contraction 0.64%
Narrow Range Bar Range Contraction 0.64%
Spinning Top Other 0.55%

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Alert Time
2x Volume Pace about 9 hours ago
1.5x Volume Pace about 9 hours ago
3x Volume Pace about 9 hours ago
Down 1% about 9 hours ago
Rose Above Previous Day's High about 9 hours ago

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Profile

PennantPark Floating Rate Capital Ltd. Description

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. companies. The fund typically invests between $2 million and $20 million. The fund also invests in equity securities, such as preferred stock, common stock, warrants or options received in connection with debt investments or through direct investments. It primarily invests between $10 million and $50 million in investments in senior secured loans and mezzanine debt. It seeks to invest in companies not rated by national rating agencies. The companies if rated would be between BB and CCC under the Standard & Poor's system. The fund invests 30% is invested in non-qualifying assets like investments in public companies whose securities are not thinly traded or do not have a market capitalization of less than $250 million, securities of middle-market companies located outside of the United States, high-yield bonds, distressed debt, private equity, securities of public companies that are not thinly traded, and investment companies as defined in the 1940 Act. Under normal conditions, the fund expects atleast 80 percent of its net assets plus any borrowings for investment purposes to be invested in Floating Rate Loans and investments with similar economic characteristics, including cash equivalents invested in money market funds. It expects to represent 65 percent of its portfolio through senior secured loans. In case of floating rate loans, it holds investments for a period of three to ten years.


Classification

Sector: Financial Services
Industry: Asset Management
Keywords: Private Equity Business Development Venture Capital Money Market Fund Money Market Business Development Company Public–Private Investment Program For Legacy Assets

Is PFLT a Buy, Sell or Hold?

Indicator Bull Case Neutral / Hold Bear Case
50 DMA
200 DMA
ADX Trend
Oversold / Overbought
Relative Strength

Indicators

Indicator Value
52 Week High 14.38
52 Week Low 9.43
Average Volume 375,627
200-Day Moving Average 11.60
50-Day Moving Average 11.29
20-Day Moving Average 11.36
10-Day Moving Average 10.84
Average True Range 0.28
RSI 46.24
ADX 32.54
+DI 17.05
-DI 36.83
Chandelier Exit (Long, 3 ATRs) 11.50
Chandelier Exit (Short, 3 ATRs) 10.57
Upper Bollinger Bands 12.46
Lower Bollinger Band 10.26
Percent B (%b) 0.36
BandWidth 19.37
MACD Line -0.12
MACD Signal Line -0.08
MACD Histogram -0.0379
Fundamentals Value
Market Cap 428.43 Million
Num Shares 38.8 Million
EPS 0.48
Price-to-Earnings (P/E) Ratio 23.26
Price-to-Sales 18.65
Price-to-Book 0.89
PEG Ratio 0.00
Dividend 1.14
Dividend Yield 10.32%
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 11.35
Resistance 3 (R3) 11.33 11.20 11.30
Resistance 2 (R2) 11.20 11.13 11.22 11.28
Resistance 1 (R1) 11.13 11.08 11.15 11.15 11.27
Pivot Point 11.00 11.00 11.02 11.02 11.00
Support 1 (S1) 10.93 10.93 10.95 10.95 10.83
Support 2 (S2) 10.80 10.88 10.82 10.82
Support 3 (S3) 10.73 10.80 10.80
Support 4 (S4) 10.75