Pflt stock price as of the latest trading session

As of the latest trading session, the "PFLT stock price" is hovering around $11.02, up 0.27% intraday on moderate volume. Investors are eyeing dividend stability, as PennantPark Floating Rate Capital continues to post solid interest income growth amid higher benchmark rates. Market sentiment suggests short-term consolidation before any breakout. PennantPark (PFLT) closed at $12.61 in the latest trading session, marking a +1.2% move from the prior day. The stock fell short of the S&P 500, which registered a gain of 1.41% for the day. Meanwhile, the Dow experienced a rise of 0.58%, and the technology-dominated Nasdaq saw an increase of 2.2%. Compared to the aggregate P/E ratio of the 18.99 in the Capital Markets industry, PennantPark Floating Rate Inc. has a lower P/E ratio of 12.48 . Shareholders might be inclined to think that the stock might perform worse than it's industry peers. It's also possible that the stock is undervalued. The "PFLT stock price" has outperformed the S&P BDC index by roughly 1.4% year-to-date, reflecting investor confidence in its credit selection process. Rate hikes over the past year have increased coupon income, boosting distributable earnings.