PennantPark Investment (PNNT) Stock Price, News & Analysis

3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for PennantPark Investment in the last twelve months. There are currently 2 hold ratings and 1 buy rating for the stock. The consensus among Wall Street analysts is that investors should "hold" PNNT shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in PNNT, but not buy additional shares or sell existing shares.
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3 Wall Street research analysts have issued 12-month price objectives for PennantPark Investment's shares. Their PNNT share price targets range from $6.50 to $7.50. On average, they anticipate the company's stock price to reach $6.94 in the next year. This suggests a possible upside of 1.0% from the stock's current price.
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PennantPark Investment's stock was trading at $6.91 on January 1st, 2024. Since then, PNNT shares have decreased by 0.6% and is now trading at $6.87.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 8th 2024.
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PennantPark Investment will be holding an earnings conference call on Thursday, May 9th at 12:00 PM Eastern. Interested parties can register for or listen to the call using this link.

PennantPark Investment Co. (NASDAQ:PNNT) announced its quarterly earnings data on Wednesday, February, 7th. The asset manager reported $0.24 earnings per share for the quarter, topping the consensus estimate of $0.23 by $0.01. The asset manager had revenue of $34.34 million for the quarter, compared to the consensus estimate of $32.49 million. PennantPark Investment had a net margin of 32.55% and a trailing twelve-month return on equity of 14.17%.

PennantPark Investment declared a monthly dividend on Tuesday, April 2nd. Shareholders of record on Monday, April 15th will be given a dividend of $0.07 per share on Wednesday, May 1st. This represents a $0.84 annualized dividend and a dividend yield of 12.23%. The ex-dividend date of this dividend is Friday, April 12th.
Read our dividend analysis for PNNT.

PennantPark Investment (NASDAQ:PNNT) pays an annual dividend of $0.84 per share and currently has a dividend yield of 12.34%. PNNT has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 113.51%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on EPS estimates, PNNT will have a dividend payout ratio of 93.33% in the coming year. This indicates that the company may not be able to sustain their current dividend.
Read our dividend analysis for PNNT.

ETFs with the largest weight of PennantPark Investment (NASDAQ:PNNT) stock in their portfolio include Invesco KBW High Dividend Yield Financial ETF (KBWD).Virtus Private Credit Strategy ETF (VPC).

Based on aggregate information from My MarketBeat watchlists, some companies that other PennantPark Investment investors own include Energy Transfer (ET), Annaly Capital Management (NLY), Prospect Capital (PSEC), Ares Capital (ARCC), Enterprise Products Partners (EPD), AT&T (T), NGL Energy Partners (NGL), AGNC Investment (AGNC), New Residential Investment (NRZ) and New York Mortgage Trust (NYMT).

PennantPark Investment's stock is owned by a variety of retail and institutional investors. Top institutional shareholders include Confluence Investment Management LLC (0.98%) and Hennion & Walsh Asset Management Inc. (0.89%). Insiders that own company stock include Arthur H Penn, Jose A Briones, Richard T Allorto Jr and Samuel L Katz.
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Shares of PNNT stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
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