S&P 500   4,283.74 (+0.23%)
DOW   33,999.04 (+0.06%)
QQQ   329.28 (+0.24%)
AAPL   174.15 (-0.23%)
MSFT   290.17 (-0.39%)
META   174.66 (-0.11%)
GOOGL   120.17 (+0.52%)
AMZN   142.30 (+0.14%)
TSLA   908.61 (-0.37%)
NVDA   187.73 (+2.39%)
NIO   19.91 (-0.85%)
BABA   90.74 (+1.08%)
AMD   100.44 (+2.21%)
T   18.43 (+0.05%)
MU   62.98 (+2.21%)
CGC   3.81 (-6.16%)
F   16.15 (+0.75%)
GE   79.21 (-0.89%)
DIS   122.67 (-0.11%)
AMC   19.29 (-9.69%)
PYPL   99.86 (+0.44%)
PFE   48.58 (-1.40%)
NFLX   245.17 (+1.67%)
S&P 500   4,283.74 (+0.23%)
DOW   33,999.04 (+0.06%)
QQQ   329.28 (+0.24%)
AAPL   174.15 (-0.23%)
MSFT   290.17 (-0.39%)
META   174.66 (-0.11%)
GOOGL   120.17 (+0.52%)
AMZN   142.30 (+0.14%)
TSLA   908.61 (-0.37%)
NVDA   187.73 (+2.39%)
NIO   19.91 (-0.85%)
BABA   90.74 (+1.08%)
AMD   100.44 (+2.21%)
T   18.43 (+0.05%)
MU   62.98 (+2.21%)
CGC   3.81 (-6.16%)
F   16.15 (+0.75%)
GE   79.21 (-0.89%)
DIS   122.67 (-0.11%)
AMC   19.29 (-9.69%)
PYPL   99.86 (+0.44%)
PFE   48.58 (-1.40%)
NFLX   245.17 (+1.67%)
S&P 500   4,283.74 (+0.23%)
DOW   33,999.04 (+0.06%)
QQQ   329.28 (+0.24%)
AAPL   174.15 (-0.23%)
MSFT   290.17 (-0.39%)
META   174.66 (-0.11%)
GOOGL   120.17 (+0.52%)
AMZN   142.30 (+0.14%)
TSLA   908.61 (-0.37%)
NVDA   187.73 (+2.39%)
NIO   19.91 (-0.85%)
BABA   90.74 (+1.08%)
AMD   100.44 (+2.21%)
T   18.43 (+0.05%)
MU   62.98 (+2.21%)
CGC   3.81 (-6.16%)
F   16.15 (+0.75%)
GE   79.21 (-0.89%)
DIS   122.67 (-0.11%)
AMC   19.29 (-9.69%)
PYPL   99.86 (+0.44%)
PFE   48.58 (-1.40%)
NFLX   245.17 (+1.67%)
S&P 500   4,283.74 (+0.23%)
DOW   33,999.04 (+0.06%)
QQQ   329.28 (+0.24%)
AAPL   174.15 (-0.23%)
MSFT   290.17 (-0.39%)
META   174.66 (-0.11%)
GOOGL   120.17 (+0.52%)
AMZN   142.30 (+0.14%)
TSLA   908.61 (-0.37%)
NVDA   187.73 (+2.39%)
NIO   19.91 (-0.85%)
BABA   90.74 (+1.08%)
AMD   100.44 (+2.21%)
T   18.43 (+0.05%)
MU   62.98 (+2.21%)
CGC   3.81 (-6.16%)
F   16.15 (+0.75%)
GE   79.21 (-0.89%)
DIS   122.67 (-0.11%)
AMC   19.29 (-9.69%)
PYPL   99.86 (+0.44%)
PFE   48.58 (-1.40%)
NFLX   245.17 (+1.67%)
NASDAQ:PNNT

PennantPark Investment - PNNT Stock Forecast, Price & News

$6.60
+0.05 (+0.76%)
(As of 08/18/2022 04:34 PM ET)
Add
Compare
Today's Range
$6.54
$6.63
50-Day Range
$6.00
$6.95
52-Week Range
$5.99
$8.02
Volume
186,471 shs
Average Volume
301,906 shs
Market Capitalization
$431.73 million
P/E Ratio
12.45
Dividend Yield
8.85%
Price Target
$8.25

PennantPark Investment MarketRank™ Forecast

Analyst Rating
Hold
2.33 Rating Score
Upside/​Downside
25.0% Upside
$8.25 Price Target
Short Interest
N/A
Dividend Strength
Weak
Based on Four Factors
Sustainability
N/A
News Sentiment
N/A
Insider Trading
N/A
Proj. Earnings Growth
5.71%
From $0.70 to $0.74 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.16 out of 5 stars

Finance Sector

605th out of 914 stocks

Investors, Not Elsewhere Classified Industry

9th out of 15 stocks

PNNT stock logo

About PennantPark Investment (NASDAQ:PNNT) Stock

PennantPark Investment Corporation, a business development company is a private equity fund specializes in direct and mezzanine investments in middle market companies. It invests in the form of mezzanine debt, senior secured loans, and equity investments. The fund typically invests in buildings and real estate, hotels, gaming and leisure, technology, telecommunications, transportation, information technology services, electronics, healthcare & pharmaceuticals, education and childcare, financial services, printing and publishing, consumer products, business services, energy & Related Services and utilities, distribution, oil and gas, media, environmental services, aerospace and defense, building materials, capital equipment, chemicals, plastics, & rubber, food & beverage, wholesale, manufacturing and basic industries and retail. It invests in equity securities and debt transactions through preferred stock, common stock, warrants, options, senior secured debt, subordinated debt, subordinated loans, first lien debt, mezzanine loans, and distressed debt securities and private equity co-investments. It seeks to invest in companies based in the United States. The fund seeks to invest between $10 million and $100 million cross the capital structure (senior secured loans, subordinated debt, and other investments) in its portfolio companies with EBITDA between $10 to $50 million. Its mezzanine loans, senior secured loans, and other investments in its portfolio companies are between $15 million and $50 million. The fund may also make non-control equity and debt investments.

Analyst Ratings Changes

Several equities analysts have recently weighed in on PNNT shares. TheStreet lowered PennantPark Investment from a "b-" rating to a "c+" rating in a research note on Tuesday, July 12th. StockNews.com downgraded shares of PennantPark Investment from a "hold" rating to a "sell" rating in a research note on Friday, August 5th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and one has assigned a buy rating to the company's stock. According to MarketBeat.com, PennantPark Investment has a consensus rating of "Hold" and a consensus target price of $8.25.

PennantPark Investment Trading Down 1.1 %

Shares of PNNT opened at $6.55 on Thursday. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.32 and a quick ratio of 1.32. PennantPark Investment has a 12 month low of $5.99 and a 12 month high of $8.02. The stock has a market cap of $428.44 million, a PE ratio of 9.46 and a beta of 1.60. The stock's 50-day moving average is $6.38 and its two-hundred day moving average is $7.10.

PennantPark Investment Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, October 3rd. Shareholders of record on Monday, September 19th will be issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 9.16%. The ex-dividend date of this dividend is Friday, September 16th. This is a boost from PennantPark Investment's previous quarterly dividend of $0.15. PennantPark Investment's dividend payout ratio is currently 109.44%.

Receive PNNT Stock News and Ratings via Email

Sign-up to receive the latest news and ratings for PennantPark Investment and its competitors with MarketBeat's FREE daily newsletter.

PNNT Stock News Headlines

PennantPark Investment Q2 NII EPS of $0.18
PennantPark Investment Q2 2022 Earnings Preview
See More Headlines
Receive PNNT Stock News and Ratings via Email

Sign-up to receive the latest news and ratings for PennantPark Investment and its competitors with MarketBeat's FREE daily newsletter.

PNNT Company Calendar

Last Earnings
11/17/2021
Ex-Dividend for 7/1 Dividend
6/16/2022
Dividend Payable
7/01/2022
Today
8/18/2022
Ex-Dividend for 10/3 Dividend
9/16/2022
Fiscal Year End
9/30/2022
Dividend Payable
10/03/2022
Next Earnings (Estimated)
11/16/2022

Industry, Sector and Symbol

Industry
Investors, not elsewhere classified
Sub-Industry
Asset Management & Custody Banks
Sector
Finance
Current Symbol
NASDAQ:PNNT
CUSIP
70806210
Employees
N/A
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$8.25
High Stock Price Forecast
$9.00
Low Stock Price Forecast
$7.50
Forecasted Upside/Downside
+25.0%
Consensus Rating
Hold
Rating Score (0-4)
2.33
Research Coverage
3 Analysts

Profitability

Net Income
$166.62 million
Pretax Margin
32.46%

Debt

Sales & Book Value

Annual Sales
$81.59 million
Cash Flow
$0.53 per share
Book Value
$9.65 per share

Miscellaneous

Free Float
63,452,000
Market Cap
$431.73 million
Optionable
Optionable
Beta
1.60

Key Executives

  • Mr. Arthur Howard Penn (Age 59)
    Founder, Chairman, Managing Partner & CEO
  • Mr. Richard Cheung (Age 42)
    CFO & Treasurer
  • Mr. Richard Thomas Allorto Jr. (Age 50)
    CPA, CPA, Chief Financial Officer
  • Mr. Jose A. Briones Jr.
    Member of Board
  • Mr. Guy Francis Talarico J.D. (Age 67)
    Chief Compliance Officer
  • Mr. Jeffrey Sion
    Corp. Counsel
  • Ms. Sarah Kurash
    Director of HR
  • Mr. Michael Appelbaum
    Managing Director
  • Mr. Terence Clerkin
    Managing Director
  • Mr. Salvatore Giannetti III
    Sr. Partner & Portfolio Mang.













PNNT Stock - Frequently Asked Questions

Should I buy or sell PennantPark Investment stock right now?

3 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for PennantPark Investment in the last year. There are currently 2 hold ratings and 1 buy rating for the stock. The consensus among Wall Street research 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.
View PNNT analyst ratings
or view top-rated stocks.

What is PennantPark Investment's stock price forecast for 2022?

3 analysts have issued 12 month price objectives for PennantPark Investment's shares. Their PNNT share price forecasts range from $7.50 to $9.00. On average, they expect the company's share price to reach $8.25 in the next year. This suggests a possible upside of 26.0% from the stock's current price.
View analysts price targets for PNNT
or view top-rated stocks among Wall Street analysts.

How have PNNT shares performed in 2022?

PennantPark Investment's stock was trading at $6.93 on January 1st, 2022. Since then, PNNT shares have decreased by 5.5% and is now trading at $6.55.
View the best growth stocks for 2022 here
.

When is PennantPark Investment's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, November 16th 2022.
View our PNNT earnings forecast
.

How were PennantPark Investment's earnings last quarter?

PennantPark Investment Co. (NASDAQ:PNNT) released its quarterly earnings results on Wednesday, November, 17th. The asset manager reported $0.17 earnings per share for the quarter, topping the consensus estimate of $0.14 by $0.03. The asset manager earned $23.13 million during the quarter, compared to analysts' expectations of $21.04 million. PennantPark Investment had a net margin of 35.60% and a trailing twelve-month return on equity of 6.99%. During the same period in the previous year, the business posted $0.14 earnings per share.

How often does PennantPark Investment pay dividends? What is the dividend yield for PennantPark Investment?

PennantPark Investment declared a quarterly dividend on Friday, August 5th. Shareholders of record on Monday, September 19th will be given a dividend of $0.15 per share on Monday, October 3rd. This represents a $0.60 dividend on an annualized basis and a dividend yield of 9.16%. The ex-dividend date of this dividend is Friday, September 16th. This is an increase from the stock's previous quarterly dividend of $0.15.
Read our dividend analysis for PNNT
.

Is PennantPark Investment a good dividend stock?

PennantPark Investment (NASDAQ:PNNT) pays an annual dividend of $0.58 per share and currently has a dividend yield of 8.76%. PNNT has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 109.44%. 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 78.38% in the coming year. This indicates that the company may not be able to sustain their current dividend.
Read our dividend analysis for PNNT.

What other stocks do shareholders of PennantPark Investment own?
What is PennantPark Investment's stock symbol?

PennantPark Investment trades on the NASDAQ under the ticker symbol "PNNT."

Who are PennantPark Investment's major shareholders?

PennantPark Investment's stock is owned by many different institutional and retail investors. Top institutional shareholders include Van ECK Associates Corp (1.34%), Farmer Steven Patrick (1.09%), First Republic Investment Management Inc. (0.75%), Advisors Asset Management Inc. (0.61%), Millennium Management LLC (0.58%) and Mckinley Capital Management LLC Delaware (0.45%). Insiders that own company stock include Arthur H Penn, Aviv Efrat and Samuel L Katz.
View institutional ownership trends
.

How do I buy shares of PennantPark Investment?

Shares of PNNT stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is PennantPark Investment's stock price today?

One share of PNNT stock can currently be purchased for approximately $6.55.

How much money does PennantPark Investment make?

PennantPark Investment (NASDAQ:PNNT) has a market capitalization of $428.44 million and generates $81.59 million in revenue each year. The asset manager earns $166.62 million in net income (profit) each year or $0.53 on an earnings per share basis.

How can I contact PennantPark Investment?

PennantPark Investment's mailing address is 590 MADISON AVENUE 15TH FLOOR, NEW YORK NY, 10022. The official website for the company is www.pennantpark.com. The asset manager can be reached via phone at (212) 905-1000, via email at investorrelations@pennantpark.com, or via fax at 212-905-1075.

This page (NASDAQ:PNNT) was last updated on 8/18/2022 by MarketBeat.com Staff

MarketBeat Resources

Premium Research Tools

MarketBeat All Access subscribers can access stock screeners, the Idea Engine, data export tools, research reports, and other premium tools.

Discover All Access

Market Data and Calendars

Looking for new stock ideas? Want to see which stocks are moving? View our full suite of financial calendars and market data tables, all for free.

View Market Data

Investing Education and Resources

Receive a free world-class investing education from MarketBeat. Learn about financial terms, types of investments, trading strategies and more.

Financial Terms
Details Here
MarketBeat - Stock Market News and Research Tools logo

MarketBeat empowers individual investors to make better trading decisions by providing real-time financial data and objective market analysis. Whether you’re looking for analyst ratings, corporate buybacks, dividends, earnings, economic reports, financials, insider trades, IPOs, SEC filings or stock splits, MarketBeat has the objective information you need to analyze any stock. Learn more about MarketBeat.

MarketBeat is accredited by the Better Business Bureau MarketBeat is rated as Great on TrustPilot

© American Consumer News, LLC dba MarketBeat® 2010-2022. All rights reserved.
326 E 8th St #105, Sioux Falls, SD 57103 | contact@marketbeat.com | (844) 978-6257
MarketBeat does not provide personalized financial advice and does not issue recommendations or offers to buy stock or sell any security.

Our Accessibility Statement | Terms of Service | Privacy Policy | Do Not Sell My Information | RSS Feeds

© 2022 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. Information is provided 'as-is' and solely for informational purposes, not for trading purposes or advice, and is delayed. To see all exchange delays and terms of use please see Barchart's disclaimer.