NASDAQ:PNNT

PennantPark Investment Stock Forecast, Price & News

$6.38
-0.05 (-0.78 %)
(As of 09/17/2021 04:00 PM ET)
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Today's Range
$6.38
$6.54
50-Day Range
$6.37
$6.88
52-Week Range
$2.80
$7.41
Volume380,163 shs
Average Volume390,602 shs
Market Capitalization$427.78 million
P/E Ratio2.84
Dividend Yield7.47%
Beta1.99
30 days | 90 days | 365 days | Advanced Chart
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PennantPark Investment logo

About PennantPark Investment

PennantPark Investment Corporation is a publicly listed business development firm specializing in direct and mezzanine investments in middle market companies. It invests in the form of mezzanine debt, senior secured loans, and equity investments. The firm invests in equity securities and debt transactions through preferred stock, common stock, warrants, options, subordinated loans, mezzanine loans, and senior secured loans. It seeks to invest in companies based in the United States. The firm seeks to invest between $10 million and $50 million in its portfolio companies. Its mezzanine loans, senior secured loans, and other investments in its portfolio companies are between $15 million and $50 million. The firm may also make non-control equity and debt investments. PennantPark Investment Corporation was founded on January 11, 2007 and is based in New York, New York.

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MarketRank

Overall MarketRank

2.39 out of 5 stars

Finance Sector

290th out of 1,330 stocks

Investors, Not Elsewhere Classified Industry

1st out of 28 stocks

Analyst Opinion: 1.3Community Rank: 4.0Dividend Strength: 1.7Insider Behavior: 0.0Valuation: 5.0 5 -4 -3 -2 -1 -
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PennantPark Investment (NASDAQ:PNNT) Frequently Asked Questions

Is PennantPark Investment a buy right now?

5 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 3 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" PennantPark Investment stock.
View analyst ratings for PennantPark Investment
or view top-rated stocks.

What stocks does MarketBeat like better than PennantPark Investment?

Wall Street analysts have given PennantPark Investment a "Buy" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but PennantPark Investment wasn't one of them. MarketBeat thinks these five companies may be even better buys.
View MarketBeat's top stock picks here.

Are investors shorting PennantPark Investment?

PennantPark Investment saw a increase in short interest during the month of August. As of August 13th, there was short interest totaling 538,600 shares, an increase of 51.1% from the July 29th total of 356,400 shares. Based on an average daily trading volume, of 294,700 shares, the days-to-cover ratio is currently 1.8 days. Approximately 0.8% of the shares of the stock are sold short.
View PennantPark Investment's Short Interest
.

When is PennantPark Investment's next earnings date?

PennantPark Investment is scheduled to release its next quarterly earnings announcement on Thursday, November 18th 2021.
View our earnings forecast for PennantPark Investment
.

How were PennantPark Investment's earnings last quarter?

PennantPark Investment Co. (NASDAQ:PNNT) announced its quarterly earnings data on Wednesday, August, 4th. The asset manager reported $0.12 EPS for the quarter, missing the Zacks' consensus estimate of $0.13 by $0.01. The asset manager earned $20.49 million during the quarter, compared to analysts' expectations of $20.14 million. PennantPark Investment had a trailing twelve-month return on equity of 5.81% and a net margin of 189.39%.
View PennantPark Investment's earnings history
.

How has PennantPark Investment's stock price been impacted by COVID-19 (Coronavirus)?

PennantPark Investment's stock was trading at $4.56 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization. Since then, PNNT shares have increased by 39.9% and is now trading at $6.38.
View which stocks have been most impacted by COVID-19
.

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

PennantPark Investment announced a quarterly dividend on Thursday, September 2nd. Stockholders of record on Friday, September 17th will be paid a dividend of $0.12 per share on Friday, October 1st. This represents a $0.48 annualized dividend and a yield of 7.52%. The ex-dividend date is Thursday, September 16th.
View PennantPark Investment's dividend history
.

Is PennantPark Investment a good dividend stock?

PennantPark Investment pays an annual dividend of $0.48 per share and currently has a dividend yield of 7.47%. PNNT has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. PennantPark Investment does not yet have a strong track record of dividend growth. The dividend payout ratio of PennantPark Investment is 78.69%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on EPS estimates, PennantPark Investment will have a dividend payout ratio of 80.00% in the coming year. This indicates that PennantPark Investment may not be able to sustain their current dividend.
View PennantPark Investment's dividend history.

What price target have analysts set for PNNT?

5 brokers have issued 12-month target prices for PennantPark Investment's shares. Their forecasts range from $4.75 to $7.50. On average, they expect PennantPark Investment's share price to reach $5.83 in the next year. This suggests that the stock has a possible downside of 8.6%.
View analysts' price targets for PennantPark Investment
or view top-rated stocks among Wall Street analysts.

Who are PennantPark Investment's key executives?

PennantPark Investment's management team includes the following people:
  • Arthur Howard Penn, Co-Chairman & Chief Executive Officer
  • Guy F. Talarico, Chief Compliance Officer
  • Thomas J. Friedmann, Secretary

Who are some of PennantPark Investment's key competitors?

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 a variety of retail and institutional investors. Top institutional shareholders include Ares Management LLC (5.42%), LSV Asset Management (3.18%), ArrowMark Colorado Holdings LLC (2.67%), Van ECK Associates Corp (1.60%), Morgan Stanley (1.08%) and Morgan Stanley (1.08%). Company insiders that own PennantPark Investment stock include Arthur H Penn, Aviv Efrat and Samuel L Katz.
View institutional ownership trends for PennantPark Investment
.

Which institutional investors are selling PennantPark Investment stock?

PNNT stock was sold by a variety of institutional investors in the last quarter, including ArrowMark Colorado Holdings LLC, Van ECK Associates Corp, Morgan Stanley, Morgan Stanley, Millennium Management LLC, Legal & General Group Plc, LSV Asset Management, and JPMorgan Chase & Co..
View insider buying and selling activity for PennantPark Investment
or view top insider-selling stocks.

Which institutional investors are buying PennantPark Investment stock?

PNNT stock was bought by a variety of institutional investors in the last quarter, including First Trust Advisors LP, Relative Value Partners Group LLC, Neuberger Berman Group LLC, Ares Management LLC, Tilden Park Management I LLC, Stifel Financial Corp, FJ Capital Management LLC, and Putnam Investments LLC. Company insiders that have bought PennantPark Investment stock in the last two years include Arthur H Penn, Aviv Efrat, and Samuel L Katz.
View insider buying and selling activity for PennantPark Investment
or or view top insider-buying stocks.

How do I buy shares of PennantPark Investment?

Shares of PNNT 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 $6.38.

How much money does PennantPark Investment make?

PennantPark Investment has a market capitalization of $427.78 million and generates $100.22 million in revenue each year. The asset manager earns $-15,970,000.00 in net income (profit) each year or $0.61 on an earnings per share basis.

What is PennantPark Investment's official website?

The official website for PennantPark Investment is www.pennantpark.com.

Where are PennantPark Investment's headquarters?

PennantPark Investment is headquartered at 590 MADISON AVENUE 15TH FLOOR, NEW YORK NY, 10022.

How can I contact PennantPark Investment?

PennantPark Investment's mailing address is 590 MADISON AVENUE 15TH FLOOR, NEW YORK NY, 10022. The asset manager can be reached via phone at (212) 905-1000 or via email at [email protected].


This page was last updated on 9/19/2021 by MarketBeat.com Staff
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