Should I buy or sell PennantPark Investment stock right now?

5 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for PennantPark Investment in the last twelve months. There are currently 3 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street equities 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 target for 2024?

5 equities research analysts have issued twelve-month price objectives for PennantPark Investment's stock. Their PNNT share price targets range from $5.50 to $7.50. On average, they anticipate the company's stock price to reach $6.71 in the next year. This suggests a possible upside of 5.3% 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 2023?

PennantPark Investment's stock was trading at $5.75 on January 1st, 2023. Since then, PNNT stock has increased by 10.8% and is now trading at $6.37. View the best growth stocks for 2023 here .

When is PennantPark Investment's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, February 14th 2024. View our PNNT earnings forecast .

How were PennantPark Investment's earnings last quarter?

PennantPark Investment Co. (NASDAQ:PNNT) announced its quarterly earnings data on Wednesday, November, 17th. The asset manager reported $0.17 EPS for the quarter, beating analysts' consensus estimates of $0.14 by $0.03. The asset manager earned $23.13 million during the quarter, compared to the consensus estimate of $21.04 million. PennantPark Investment had a negative net margin of 23.26% and a positive trailing twelve-month return on equity of 13.09%. During the same period last year, the business posted $0.14 EPS.

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

PennantPark Investment declared a monthly dividend on Thursday, November 2nd. Shareholders of record on Thursday, November 16th will be given a dividend of $0.07 per share on Friday, December 1st. This represents a $0.84 annualized dividend and a yield of 13.19%. The ex-dividend date of this dividend is Wednesday, November 15th. Read our dividend analysis for PNNT .

Is PennantPark Investment a good dividend stock?

PennantPark Investment (NASDAQ:PNNT) pays an annual dividend of $0.84 per share and currently has a dividend yield of 13.00%. PNNT has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. Read our dividend analysis for PNNT .

What ETFs hold PennantPark Investment's stock?

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) .

What other stocks do shareholders of PennantPark Investment own?

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) .

Who are PennantPark Investment's major shareholders?

PennantPark Investment's stock is owned by a number of retail and institutional investors. Top institutional shareholders include LSV Asset Management (3.22%), Callodine Capital Management LP (1.61%), Advisors Asset Management Inc. (1.01%), Confluence Investment Management LLC (0.98%), J.P. Morgan Private Wealth Advisors LLC (0.41%) and Golden Green Inc. (0.39%). Insiders that own company stock include Arthur H Penn, Jose A Briones, Richard T Allorto Jr 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 .

PennantPark Investment Stock Price, News & Analysis (NASDAQ:PNNT)

$6.39

-0.01 (-0.16%)

(As of 02:33 PM ET)

Compare

Today's Range: $6.36
▼
$6.44
50-Day Range: $6.04
▼
$6.70
52-Week Range: $4.70
▼
$7.07

Volume: 199,942 shs
Average Volume: 367,600 shs
Market Capitalization: $416.79 million

P/E Ratio: N/A
Dividend Yield: 13.15%
Price Target: $6.71

PennantPark Investment MarketRank™ Stock Analysis

Analyst Rating: Hold
2.40 Rating Score
Upside/Downside: 5.3% Upside
$6.71 Price Target
Short Interest: N/A
Dividend Strength: Weak
Based on Four Factors
Sustainability: N/A
News Sentiment: N/A
Insider Trading: Acquiring Shares
$9,981 Bought Last Quarter
Proj. Earnings Growth: 1.09%
From $0.92 to $0.93 Per Share

Overall MarketRank^™

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

1.60 out of 5 stars

Financial Services Sector

72nd out of 79 stocks

Asset Management Industry

9th out of 12 stocks

1.2

Analyst's Opinion

Consensus Rating
PennantPark Investment has received a consensus rating of Hold. The company's average rating score is 2.40, and is based on 2 buy ratings, 3 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $6.71, PennantPark Investment has a forecasted upside of 5.3% from its current price of $6.37.
Amount of Analyst Coverage
PennantPark Investment has only been the subject of 1 research reports in the past 90 days.

N/A

Short Interest

Short Interest
There is no current short interest data available for PNNT.

1.7

Dividend Strength

Dividend Leadership
PennantPark Investment is a leading dividend payer. It pays a dividend yield of 13.00%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
PennantPark Investment does not have a long track record of dividend growth.
Dividend Sustainability
Based on EPS estimates, PennantPark Investment will have a dividend payout ratio of 90.32% in the coming year. This indicates that PennantPark Investment may not be able to sustain their current dividend.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for PNNT.

3.3

News and Social Media Coverage

News Sentiment
PennantPark Investment has a news sentiment score of 1.00. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.58 average news sentiment score of Financial Services companies.
News Coverage This Week
MarketBeat has tracked 1 news article for PennantPark Investment this week, compared to 1 article on an average week.
Search Interest
8 people have searched for PNNT on MarketBeat in the last 30 days. This is an increase of 14% compared to the previous 30 days.
MarketBeat Follows
4 people have added PennantPark Investment to their MarketBeat watchlist in the last 30 days.

1.7

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, PennantPark Investment insiders have bought more of their company's stock than they have sold. Specifically, they have bought $9,981.00 in company stock and sold $0.00 in company stock.
Percentage Held by Insiders
Only 3.00% of the stock of PennantPark Investment is held by insiders.
Percentage Held by Institutions
Only 32.00% of the stock of PennantPark Investment is held by institutions.

1.3

Earnings and Valuation

Earnings Growth
Earnings for PennantPark Investment are expected to grow by 1.09% in the coming year, from $0.92 to $0.93 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of PennantPark Investment is -12.25, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Ratio vs. Sector
The P/E ratio of PennantPark Investment is -12.25, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Book Value per Share Ratio
PennantPark Investment has a P/B Ratio of 0.71. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About PennantPark Investment Stock (NASDAQ:PNNT)

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.

PNNT Stock Price History

30 days | 90 days | 365 days | Advanced Chart

PNNT Stock News Headlines

November 27, 2023 | seekingalpha.com

PennantPark Investment: Should You Buy The 13% Yield For 2024?

November 27, 2023 | finance.yahoo.com

PennantPark (PNNT) Just Flashed Golden Cross Signal: Do You Buy?

December 5, 2023 | DTI Trader (Ad)

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November 21, 2023 | markets.businessinsider.com

Analysts Offer Insights on Financial Companies: Paypal Holdings (PYPL), OneMain Holdings (OMF) and Pennantpark Investment (PNNT)

November 17, 2023 | insidermonkey.com

PennantPark Investment Corporation (NYSE:PNNT) Q4 2023 Earnings Call Transcript

November 17, 2023 | seekingalpha.com

PNNT Dividend Yield Grade

November 15, 2023 | msn.com

PennantPark Investment reports Q4 results

November 15, 2023 | finance.yahoo.com

PennantPark Investment Corporation Announces Financial Results for the Fourth Quarter and Fiscal Year Ended September 30, 2023

December 5, 2023 | DTI Trader (Ad)

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You might not immediately realize what you’re reading. Let me help you out a little… What you're looking at is a “special perk” set up by the Chicago Board of Options Exchange.

November 14, 2023 | msn.com

PennantPark Investment Q4 2023 Earnings Preview

October 31, 2023 | morningstar.com

Pennant Park Investment Corp PNNT

October 13, 2023 | finance.yahoo.com

PennantPark Investment Corporation Schedules Earnings Release of Fourth Fiscal Quarter 2023 Results

October 13, 2023 | msn.com

PennantPark: Attractive Yield At A Discount

October 3, 2023 | msn.com

PennantPark Investment declares $0.07 dividend

October 3, 2023 | finance.yahoo.com

PennantPark Investment Corporation Announces Monthly Distribution of $0.07 per Share

September 18, 2023 | msn.com

PennantPark Investment: Strong Performance, Monthly Dividend, But Over-Diversified Portfolio

September 12, 2023 | msn.com

PennantPark Investment: A Growing 12%+ Yielder

August 31, 2023 | msn.com

PennantPark Investment (PNNT) Price Target Increased by 8.13% to 7.20

August 17, 2023 | incomeinvestors.com

Undervalued, 11%-Yielding PennantPark Stock’s Payout Raised for 7 Straight Quarters

August 15, 2023 | finance.yahoo.com

PennantPark (PNNT) Moves to Strong Buy: Rationale Behind the Upgrade

August 15, 2023 | msn.com

Raymond James Maintains PennantPark Investment (PNNT) Outperform Recommendation

August 13, 2023 | msn.com

PennantPark: 5% Dividend Hike, Switching To Monthly Payouts, Fatter Yield

August 11, 2023 | msn.com

JP Morgan Maintains PennantPark Investment (PNNT) Neutral Recommendation

August 11, 2023 | uk.finance.yahoo.com

Q3 2023 Pennantpark Investment Corp Earnings Call

August 10, 2023 | seekingalpha.com

PennantPark Investment raises quarterly dividend by 5% to $0.21/share

August 9, 2023 | finance.yahoo.com

PennantPark Investment Corporation Announces 5.0% Increase of Its Quarterly Distribution to $0.21 per Share and Financial Results for the Quarter Ended June 30, 2023

August 4, 2023 | finance.yahoo.com

What's in the Cards for PennantPark (PNNT) in Q3 Earnings?

See More Headlines

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Company Calendar

Last Earnings: 11/17/2021
Ex-Dividend for 11/1 Dividend: 10/16/2023
Dividend Payable: 11/01/2023
Ex-Dividend for 12/1 Dividend: 11/15/2023
Dividend Payable: 12/01/2023
Today: 12/05/2023
Next Earnings (Estimated): 2/14/2024
Fiscal Year End: 9/30/2024

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: NASDAQ
Industry: Investors, not elsewhere classified
Sub-Industry: Asset Management & Custody Banks
Sector: Finance
Current Symbol: NASDAQ:PNNT
CUSIP: 70806210
CIK: 1383414
Web: www.pennantpark.com
Phone: (212) 905-1000
Fax: 212-905-1075
Employees: N/A
Year Founded: N/A

Price Target and Rating

Average Stock Price Target: $6.71
High Stock Price Target: $7.50
Low Stock Price Target: $5.50
Potential Upside/Downside: +4.8%
Consensus Rating: Hold
Rating Score (0-4): 2.40
Research Coverage: 5 Analysts

Profitability

EPS (Most Recent Fiscal Year): ($0.52)
Trailing P/E Ratio: N/A
Forward P/E Ratio: 6.96
P/E Growth: N/A
Net Income: $-33,810,000.00
Net Margins: -23.26%
Pretax Margin: -57.58%
Return on Equity: 13.09%
Return on Assets: 5.45%

Debt

Debt-to-Equity Ratio: 1.23
Current Ratio: 2.11
Quick Ratio: 2.11

Sales & Book Value

Annual Sales: $-20,167,000.00
Price / Sales: -20.70
Cash Flow: $0.61 per share
Price / Cash Flow: 10.46
Book Value: $8.95 per share
Price / Book: 0.72

Miscellaneous

Outstanding Shares: 65,225,000
Free Float: 63,268,000
Market Cap: $417.44 million
Optionable: Optionable
Beta: 1.52

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Key Executives

Mr. Arthur Howard Penn (Age 60)
Founder, Chairman, Managing Partner & CEO
Mr. Richard Thomas Allorto Jr. (Age 51)
CPA, CFO & Treasurer
Mr. Matthew Visgilio
Manager of Operations
Mr. Ricky Kara
Accounting Manager
Mr. Jeffrey Sion
Corporate Counsel
Mr. Frank Galea
Chief Compliance Officer
Ms. Sarah Kurash
Director of Human Resources
Mr. Michael Appelbaum
Partner
Mr. Terence Clerkin
Partner
Mr. Salvatore Giannetti III
Senior Partner & Portfolio Manager

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

PNNT Stock Analysis - Frequently Asked Questions

Should I buy or sell PennantPark Investment stock right now?: 5 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for PennantPark Investment in the last twelve months. There are currently 3 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street equities 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 target for 2024?: 5 equities research analysts have issued twelve-month price objectives for PennantPark Investment's stock. Their PNNT share price targets range from $5.50 to $7.50. On average, they anticipate the company's stock price to reach $6.71 in the next year. This suggests a possible upside of 5.3% 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 2023?: PennantPark Investment's stock was trading at $5.75 on January 1st, 2023. Since then, PNNT stock has increased by 10.8% and is now trading at $6.37.
View the best growth stocks for 2023 here.
When is PennantPark Investment's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Wednesday, February 14th 2024.
View our PNNT earnings forecast.
How were PennantPark Investment's earnings last quarter?: PennantPark Investment Co. (NASDAQ:PNNT) announced its quarterly earnings data on Wednesday, November, 17th. The asset manager reported $0.17 EPS for the quarter, beating analysts' consensus estimates of $0.14 by $0.03. The asset manager earned $23.13 million during the quarter, compared to the consensus estimate of $21.04 million. PennantPark Investment had a negative net margin of 23.26% and a positive trailing twelve-month return on equity of 13.09%. During the same period last year, the business posted $0.14 EPS.
How often does PennantPark Investment pay dividends? What is the dividend yield for PennantPark Investment?: PennantPark Investment declared a monthly dividend on Thursday, November 2nd. Shareholders of record on Thursday, November 16th will be given a dividend of $0.07 per share on Friday, December 1st. This represents a $0.84 annualized dividend and a yield of 13.19%. The ex-dividend date of this dividend is Wednesday, November 15th.
Read our dividend analysis for PNNT.

Is PennantPark Investment a good dividend stock?: PennantPark Investment (NASDAQ:PNNT) pays an annual dividend of $0.84 per share and currently has a dividend yield of 13.00%. PNNT has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer.
Read our dividend analysis for PNNT.
What ETFs hold PennantPark Investment's stock?: 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).
What other stocks do shareholders of PennantPark Investment own?: 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).
Who are PennantPark Investment's major shareholders?: PennantPark Investment's stock is owned by a number of retail and institutional investors. Top institutional shareholders include LSV Asset Management (3.22%), Callodine Capital Management LP (1.61%), Advisors Asset Management Inc. (1.01%), Confluence Investment Management LLC (0.98%), J.P. Morgan Private Wealth Advisors LLC (0.41%) and Golden Green Inc. (0.39%). Insiders that own company stock include Arthur H Penn, Jose A Briones, Richard T Allorto Jr 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.

This page (NASDAQ:PNNT) was last updated on 12/5/2023 by MarketBeat.com Staff

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PennantPark Investment Stock Price, News & Analysis (NASDAQ:PNNT)

PennantPark Investment MarketRank™ Stock Analysis

Overall MarketRank™

Analyst's Opinion

Short Interest

Short Interest

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

News and Social Media Coverage

News Sentiment

News Coverage This Week

Search Interest

MarketBeat Follows

Company Ownership

Earnings and Valuation

About PennantPark Investment Stock (NASDAQ:PNNT)

PNNT Stock Price History

PNNT Stock News Headlines

Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Key Executives

Key Competitors

Insiders & Institutions

PNNT Stock Analysis - Frequently Asked Questions

Overall MarketRank^™