XNYS · Laboratory Analytical Instruments · S&P 500
$7.06
-$0.18 (-2.49%) today
Open $7.24 High $7.29 Low $6.94 Vol 1,716K Avg $7.01
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52-week price range
Price is 1.8% above its 52-week low and 34.5% below its 52-week high. Trading in the lower half of its annual range — closer to the floor than the ceiling.
PennantPark Floating Rate Capital Ltd is a closed-end, externally managed, non-diversified investment company. Its investment objectives are to generate both current income and capital appreciation by investing in Floating Rate Loans and other investments made to U.S. middle-market companies. The company believes that Floating Rate Loans to U.S. middle-market companies offer attractive risk-reward to investors due to the limited amount of capital available for such companies and the potential for rising interest rates. The company generates revenue in the form of interest income on the debt securities and dividends.