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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


PNNT stock logo

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

PNNT Stock News Headlines

New CBOE “special perk” helps traders target income every weekend
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.
PNNT Dividend Yield Grade
PennantPark Investment reports Q4 results
New CBOE “special perk” helps traders target income every weekend
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.
Pennant Park Investment Corp PNNT
Q3 2023 Pennantpark Investment Corp Earnings Call
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

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 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

Net Income
$-33,810,000.00
Pretax Margin
-57.58%

Debt

Sales & Book Value

Annual Sales
$-20,167,000.00
Cash Flow
$0.61 per share
Book Value
$8.95 per share

Miscellaneous

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














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?
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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