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PennantPark Floating Rate Capital Ltd. (PFLT) Plunges 3.20% to Record Low

Mover TrackerTuesday, Apr 8, 2025 7:00 pm ET
1min read

PennantPark Floating Rate Capital Ltd. (PFLT) experienced a significant decline, with the share price dropping to a record low today, marking an intraday decline of 3.20%. This downturn follows a streak of eight consecutive days of losses, with a cumulative decrease of 19.61% over the past eight days.

One of the key factors influencing the stock price of PennantPark Floating Rate Capital Ltd. (PFLT) is its impressive dividend yield. The company is recognized as a Zacks Rank #1 (Strong Buy) with a dividend yield of 13.1%, which is notably higher than the industry average of 3.4%. This high dividend yield is likely to attract income-seeking investors, potentially driving the stock price upwards.

Additionally, the company has shown positive trading performance, with a 4.7% increase in trading volume. This uptick in trading activity suggests a favorable market sentiment, which could contribute to an upward movement in the stock price. The combination of a high dividend yield and positive trading performance indicates that pflt has the potential to attract investors despite recent declines.

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birdflustocks
04/08
PFLT's div yield is juicy, but the floaters market is shaky. Risky play, high reward. Not for the faint-hearted.
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jvdr999
04/08
PFLT might be cheap now, but those floaters can be tricky. Load up with caution, folks.
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Luka77GOATic
04/08
PFLT's div yield is juicy, but this drop makes me nervous. Thinking of holding and hoping for a bounce.
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RubiksPoint
04/09
@Luka77GOATic I'm holding too, but thinking to average down. PFLT's div is too good to pass.
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Jelopuddinpop
04/09
@Luka77GOATic How long you planning to hold PFLT? Got a target in mind or just riding it out?
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AlmightyAntwan12
04/08
Floating rate funds ain't my cup of tea, but $PFLT's div is hard to ignore. 🤔
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TradingLeagueshq
04/08
OMG!PFLT demonstrated textbook-perfect bottom and peak confirmation signals via Peak Seeker framework,with subsequent price movements validating 83.6% predictive accuracy
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Disclaimer: the above is a summary showing certain market information. AInvest is not responsible for any data errors, omissions or other information that may be displayed incorrectly as the data is derived from a third party source. Communications displaying market prices, data and other information available in this post are meant for informational purposes only and are not intended as an offer or solicitation for the purchase or sale of any security. Please do your own research when investing. All investments involve risk and the past performance of a security, or financial product does not guarantee future results or returns. Keep in mind that while diversification may help spread risk, it does not assure a profit, or protect against loss in a down market.
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