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NASDAQ:PNNTPennantPark Investment Stock Price, Forecast & News

$3.47
+0.22 (+6.77 %)
(As of 05/27/2020 04:00 PM ET)
Add
Compare
Today's Range
$3.27
Now: $3.47
$3.48
50-Day Range
$2.32
MA: $3.08
$3.65
52-Week Range
$1.76
Now: $3.47
$6.86
Volume364,715 shs
Average Volume537,290 shs
Market Capitalization$232.65 million
P/E RatioN/A
Dividend Yield22.15%
Beta1.66
PennantPark Investment Corporation 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 building and real estate, hotels and gaming, electronics, healthcare, education and childcare, financial services, printing and publishing, consumer products, business services, energy and utilities, distribution, oil and gas, media, environmental services, aerospace and defense, manufacturing industries and retail. It 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 fund 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 fund may also make non-control equity and debt investments.
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PennantPark Investment logo

Beat the Market (BTM) Rank

Analyst Opinion: 2.5Community Rank: 2.2Dividend Strength: 1.7Insider Behavior: 4.0Valuation: 0.6 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

2.20 out of 5 stars


Industry, Sector and Symbol

Industry Investors, not elsewhere classified
Sub-IndustryAsset Management & Custody Banks
SectorFinance
Current SymbolNASDAQ:PNNT
CUSIP70806210
Phone212-905-1000

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$112.11 million
Cash Flow$0.69 per share
Book Value$7.71 per share

Profitability

Net Income$15.93 million

Miscellaneous

EmployeesN/A
Market Cap$232.65 million
Next Earnings Date8/5/2020 (Estimated)
OptionableOptionable

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PennantPark Investment (NASDAQ:PNNT) Frequently Asked Questions

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

PennantPark Investment's stock was trading at $4.56 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization (WHO). Since then, PNNT shares have decreased by 23.9% and is now trading at $3.47. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of PennantPark Investment?

1 Wall Street analysts have issued "buy," "hold," and "sell" ratings for PennantPark Investment in the last year. There are currently 1 sell rating for the stock, resulting in a consensus recommendation of "Sell." View analyst ratings for PennantPark Investment.

When is PennantPark Investment's next earnings date?

PennantPark Investment is scheduled to release its next quarterly earnings announcement on Wednesday, August 5th 2020. View our earnings forecast for PennantPark Investment.

How were PennantPark Investment's earnings last quarter?

PennantPark Investment Corp. (NASDAQ:PNNT) posted its quarterly earnings results on Monday, May, 11th. The asset manager reported $0.15 EPS for the quarter, missing the Thomson Reuters' consensus estimate of $0.16 by $0.01. The asset manager had revenue of $27.54 million for the quarter, compared to the consensus estimate of $27.62 million. PennantPark Investment had a negative net margin of 24.82% and a positive return on equity of 7.35%. View PennantPark Investment's earnings history.

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

PennantPark Investment announced a quarterly dividend on Tuesday, March 3rd. Stockholders of record on Wednesday, March 18th will be given a dividend of $0.18 per share on Wednesday, April 1st. This represents a $0.72 annualized dividend and a yield of 20.75%. The ex-dividend date is Tuesday, March 17th. View PennantPark Investment's dividend history.

What price target have analysts set for PNNT?

1 Wall Street analysts have issued 1-year target prices for PennantPark Investment's shares. Their forecasts range from $6.00 to $6.00. On average, they anticipate PennantPark Investment's share price to reach $6.00 in the next twelve months. This suggests a possible upside of 72.9% from the stock's current price. View analysts' price targets for PennantPark Investment.

Has PennantPark Investment been receiving favorable news coverage?

News coverage about PNNT stock has trended somewhat positive on Wednesday, according to InfoTrie Sentiment Analysis. The research group identifies negative and positive news coverage by reviewing more than six thousand news and blog sources in real time. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores nearest to five being the most favorable. PennantPark Investment earned a news sentiment score of 1.8 on InfoTrie's scale. They also gave media coverage about the asset manager a news buzz of 9.0 out of 10, indicating that recent news coverage is extremely likely to have an impact on the stock's share price in the next few days. View the latest news aboutPennantPark Investment.

Are investors shorting PennantPark Investment?

PennantPark Investment saw a increase in short interest during the month of May. As of May 15th, there was short interest totaling 256,200 shares, an increase of 8.6% from the April 30th total of 235,900 shares. Based on an average daily volume of 669,600 shares, the short-interest ratio is presently 0.4 days. Approximately 0.4% of the company's shares are short sold. View PennantPark Investment's Current Options Chain.

Who are some of PennantPark Investment's key competitors?

What other stocks do shareholders of PennantPark Investment own?

Who are PennantPark Investment's key executives?

PennantPark Investment's management team includes the following people:
  • Mr. Arthur Howard Penn, Founder, Chairman & CEO (Age 56)
  • Mr. Aviv Efrat, Treasurer & CFO (Age 55)
  • Mr. Guy Francis Talarico J.D., Chief Compliance Officer (Age 64)
  • Mr. Thomas J. Friedmann Esq., Sec.

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 institutional and retail investors. Top institutional shareholders include ArrowMark Colorado Holdings LLC (3.82%), Clearbridge Investments LLC (2.59%), Invesco Ltd. (2.40%), West Family Investments Inc. (1.68%), Morgan Stanley (1.38%) and Morgan Stanley (1.38%). Company insiders that own PennantPark Investment stock include Arthur H Penn and Aviv Efrat. 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 Mackenzie Financial Corp, Virtus ETF Advisers LLC, Two Sigma Investments LP, UBS Group AG, Pin Oak Investment Advisors Inc., Mckinley Capital Management LLC Delaware, Claybrook Capital LLC, and HighTower Advisors LLC. View insider buying and selling activity for PennantPark Investment.

Which institutional investors are buying PennantPark Investment stock?

PNNT stock was bought by a variety of institutional investors in the last quarter, including Sumitomo Mitsui Trust Holdings Inc., ArrowMark Colorado Holdings LLC, State of Michigan Retirement System, Morgan Stanley, Morgan Stanley, Advisor Group Holdings Inc., Radcliffe Capital Management L.P., and Wolverine Asset Management LLC. Company insiders that have bought PennantPark Investment stock in the last two years include Arthur H Penn, and Aviv Efrat. View insider buying and selling activity for PennantPark Investment.

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 Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

What is PennantPark Investment's stock price today?

One share of PNNT stock can currently be purchased for approximately $3.47.

How big of a company is PennantPark Investment?

PennantPark Investment has a market capitalization of $232.65 million and generates $112.11 million in revenue each year. The asset manager earns $15.93 million in net income (profit) each year or $0.66 on an earnings per share basis.

What is PennantPark Investment's official website?

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

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 5/27/2020 by MarketBeat.com Staff

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