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Positive News SentimentPositive News
NASDAQ:PNNT

PennantPark Investment (PNNT) Stock Forecast, Price & News

$6.55
+0.03 (+0.46%)
(As of 12:57 PM ET)
Compare
Today's Range
$6.54
▼
$6.60
50-Day Range
$6.36
▼
$6.92
52-Week Range
$4.70
▼
$7.07
Volume
173,713 shs
Average Volume
374,478 shs
Market Capitalization
$427.19 million
P/E Ratio
N/A
Dividend Yield
12.82%
Price Target
$6.67
ProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial Media

PennantPark Investment MarketRank™ Forecast

Analyst Rating
Hold
2.40 Rating Score
Upside/​Downside
1.2% Upside
$6.67 Price Target
Short Interest
N/A
Dividend Strength
Weak
Based on Four Factors
Sustainability
N/A
News Sentiment
N/A
Insider Trading
Acquiring Shares
$99,896 Bought Last Quarter
Proj. Earnings Growth
-10.10%
From $0.99 to $0.89 Per Share

Overall MarketRank™

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

1.50 out of 5 stars

Finance Sector

822nd out of 870 stocks

Investors, Not Elsewhere Classified Industry

13th out of 15 stocks

See Top Rated MarketRank™ Stocks Here

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.

PNNT Price History

PNNT Stock News Headlines

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
September 29, 2023 | PressReach (Ad)
This Stock's a Sleeping Giant
The stock everyone has their eye on - discover why it's the talk of the investment world.
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
September 29, 2023 | PressReach (Ad)
This Stock's a Sleeping Giant
The stock everyone has their eye on - discover why it's the talk of the investment world.
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?
July 26, 2023 | finance.yahoo.com
PennantPark Investment Corporation’s Unconsolidated Joint Venture, PennantPark Senior Loan Fund, LLC Completes $300 Million CLO
July 6, 2023 | benzinga.com
PennantPark Floating Rate Capital Ltd. Schedules Earnings Release of Third Fiscal Quarter 2023 Results
July 6, 2023 | finance.yahoo.com
PennantPark Investment Corporation Schedules Earnings Release of Third Fiscal Quarter 2023 Results
June 13, 2023 | msn.com
PennantPark Investment goes ex dividend tomorrow
June 11, 2023 | msn.com
PennantPark: Big Win From Dominion/Fox Settlement
June 8, 2023 | msn.com
UBS Initiates Coverage of PennantPark Floating Rate Capital (PFLT) with Neutral Recommendation
May 16, 2023 | benzinga.com
Pennant Park Investment Recent Insider Activity
May 12, 2023 | seekingalpha.com
PennantPark NII of $0.34 beats by $0.03, total investment income of $34.55M beats by $2.26M
May 12, 2023 | msn.com
PennantPark Investment (PNNT) Declares $0.20 Dividend
May 10, 2023 | finance.yahoo.com
PennantPark Investment Corporation Announces 8.1% Increase of Its Quarterly Distribution to $0.20 per Share and Financial Results for the Quarter Ended March 31, 2023
April 5, 2023 | msn.com
Pennantpark Floating Rate Capital (PFLT) Declares $0.10 Dividend
April 5, 2023 | finance.yahoo.com
PennantPark Investment Corporation Schedules Earnings Release of Second Fiscal Quarter 2023 Results
March 31, 2023 | money.usnews.com
PennantPark Investment Corporation
See More Headlines
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PNNT Company Calendar

Ex-Dividend for 7/3 Dividend
6/14/2023
Dividend Payable
7/03/2023
Last Earnings
8/09/2023
Ex-Dividend for 10/2 Dividend
9/15/2023
Today
9/29/2023
Fiscal Year End
9/30/2023
Dividend Payable
10/02/2023
Next Earnings (Estimated)
11/15/2023
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 Forecast
$6.67
High Stock Price Forecast
$7.25
Low Stock Price Forecast
$5.50
Forecasted Upside/Downside
+2.2%
Consensus Rating
Hold
Rating Score (0-4)
2.40
Research Coverage
5 Analysts

Profitability

EPS (Most Recent Fiscal Year)
($1.23)
Trailing P/E Ratio
N/A
Forward P/E Ratio
6.59
P/E Growth
N/A
Net Income
$-24,740,000.00
Net Margins
-57.75%
Pretax Margin
-57.58%
Return on Equity
11.32%
Return on Assets
4.80%

Debt

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

Sales & Book Value

Annual Sales
$104.97 million
Price / Sales
4.05
Cash Flow
$0.63 per share
Price / Cash Flow
10.43
Book Value
$8.95 per share
Price / Book
0.73

Miscellaneous

Outstanding Shares
65,220,000
Free Float
63,268,000
Market Cap
$425.23 million
Optionable
Optionable
Beta
1.57
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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, CPA, CFO & Treasurer
  • Mr. Matthew Visgilio
    Mang. of Operations
  • Mr. Ricky Kara
    Accounting Mang.
  • Mr. Jeffrey Sion
    Corp. Counsel
  • Mr. Frank Galea
    Chief Compliance Officer
  • Ms. Sarah Kurash
    Director of HR
  • Mr. Michael Appelbaum
    Partner
  • Mr. Terence Clerkin
    Partner
  • Mr. Salvatore Giannetti III
    Sr. Partner & Portfolio Mang.

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions













PNNT Stock - Frequently Asked Questions

Should I buy or sell PennantPark Investment stock right now?

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

What is PennantPark Investment's stock price forecast for 2023?

5 brokerages have issued 12-month price objectives for PennantPark Investment's shares. Their PNNT share price forecasts range from $5.50 to $7.25. On average, they predict the company's stock price to reach $6.67 in the next twelve months. This suggests a possible upside of 2.2% 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 at the beginning of the year. Since then, PNNT shares have increased by 13.4% and is now trading at $6.52.
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, November 15th 2023.
View our PNNT earnings forecast.

How were PennantPark Investment's earnings last quarter?

PennantPark Investment Co. (NASDAQ:PNNT) released its earnings results on Wednesday, August, 9th. The asset manager reported $0.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.27 by $0.08. The asset manager had revenue of $45.01 million for the quarter, compared to the consensus estimate of $35.05 million. PennantPark Investment had a negative net margin of 57.75% and a positive trailing twelve-month return on equity of 11.32%.

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

PennantPark Investment declared a quarterly dividend on Wednesday, August 9th. Stockholders of record on Monday, September 18th will be paid a dividend of $0.21 per share on Monday, October 2nd. This represents a $0.84 dividend on an annualized basis and a dividend yield of 12.88%. The ex-dividend date of this dividend is Friday, September 15th. This is a positive change from the stock's previous quarterly dividend of $0.20.
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).

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 13.04%. 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 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).

What is PennantPark Investment's stock symbol?

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

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 $6.52.

How much money does PennantPark Investment make?

PennantPark Investment (NASDAQ:PNNT) has a market capitalization of $425.23 million and generates $104.97 million in revenue each year. The asset manager earns $-24,740,000.00 in net income (profit) each year or ($1.23) 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 9/29/2023 by MarketBeat.com Staff

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