NASDAQ:PNNT - PennantPark Investment Stock Price, News, & Analysis

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$6.90 -0.01 (-0.14 %)
(As of 03/22/2019 04:00 PM ET)
Previous Close$6.90
Today's Range$6.8491 - $6.94
52-Week Range$6.21 - $7.84
Volume202,395 shs
Average Volume359,284 shs
Market Capitalization$469.41 million
P/E Ratio9.20
Dividend Yield10.42%
Beta1.22
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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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$108.28 million
Cash Flow$0.7533 per share
Book Value$8.99 per share

Profitability

Net Income$47.71 million

Miscellaneous

EmployeesN/A
Market Cap$469.41 million
Next Earnings Date5/8/2019 (Estimated)
OptionableOptionable

PennantPark Investment (NASDAQ:PNNT) Frequently Asked Questions

What is PennantPark Investment's stock symbol?

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

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

PennantPark Investment declared a quarterly dividend on Thursday, March 7th. Shareholders of record on Wednesday, March 20th will be paid a dividend of $0.18 per share on Monday, April 1st. This represents a $0.72 dividend on an annualized basis and a yield of 10.43%. The ex-dividend date is Tuesday, March 19th. View PennantPark Investment's Dividend History.

How were PennantPark Investment's earnings last quarter?

PennantPark Investment Corp. (NASDAQ:PNNT) announced its quarterly earnings data on Thursday, February, 7th. The asset manager reported $0.18 earnings per share (EPS) for the quarter, missing the Zacks' consensus estimate of $0.20 by $0.02. The asset manager earned $27.38 million during the quarter, compared to analysts' expectations of $28.38 million. PennantPark Investment had a return on equity of 8.21% and a net margin of 39.44%. View PennantPark Investment's Earnings History.

When is PennantPark Investment's next earnings date?

PennantPark Investment is scheduled to release their next quarterly earnings announcement on Wednesday, May 8th 2019. View Earnings Estimates for PennantPark Investment.

What price target have analysts set for PNNT?

2 Wall Street analysts have issued 1 year target prices for PennantPark Investment's shares. Their predictions range from $7.00 to $8.00. On average, they anticipate PennantPark Investment's share price to reach $7.50 in the next year. This suggests a possible upside of 8.7% from the stock's current price. View Analyst Price Targets for PennantPark Investment.

What is the consensus analysts' recommendation for PennantPark Investment?

2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for PennantPark Investment in the last year. There are currently 2 hold ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for PennantPark Investment.

Has PennantPark Investment been receiving favorable news coverage?

News coverage about PNNT stock has been trending somewhat positive this week, according to InfoTrie. The research firm scores the sentiment of media coverage by reviewing more than six thousand blog and news sources in real time. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores closest to five being the most favorable. PennantPark Investment earned a media sentiment score of 0.6 on InfoTrie's scale. They also assigned news coverage about the asset manager a news buzz of 0.0 out of 10, meaning that recent media coverage is extremely unlikely to have an effect on the stock's share price in the next few days.

Who are some of PennantPark Investment's key competitors?

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 Prospect Capital (PSEC), Oxford Square Capital (OXSQ), AT&T (T), Energy Transfer LP Unit (ET), Oxford Lane Capital (OXLC), Western Asset Mortgage Capital (WMC), Altria Group (MO), Ares Capital (ARCC), Medley Capital (MCC) and Gladstone Capital (GLAD).

Who are PennantPark Investment's key executives?

PennantPark Investment's management team includes the folowing people:
  • Mr. Arthur H. Penn, Founder, Chairman and Chief Exec. Officer (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.

Who are PennantPark Investment's major shareholders?

PennantPark Investment's stock is owned by a number of of retail and institutional investors. Top institutional shareholders include LSV Asset Management (4.21%), West Family Investments Inc. (1.49%), Confluence Investment Management LLC (1.17%), Relative Value Partners Group LLC (1.08%), Bank of Montreal Can (1.05%) and Signia Capital Management LLC (0.95%). 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 Two Sigma Investments LP, D. E. Shaw & Co. Inc., Confluence Investment Management LLC, LSV Asset Management, Two Sigma Advisers LP, Sterneck Capital Management LLC, Wedge Capital Management L L P NC and Van ECK Associates Corp. View Insider Buying and Selling for PennantPark Investment.

Which institutional investors are buying PennantPark Investment stock?

PNNT stock was purchased by a variety of institutional investors in the last quarter, including B. Riley Wealth Management Inc., Millennium Management LLC, West Family Investments Inc., Summit Global Investments, Advisors Capital Management LLC, Advisors Asset Management Inc., RHS Financial LLC and Advisor Group Inc.. 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 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, Scottrade, Fidelity and Charles Schwab.

What is PennantPark Investment's stock price today?

One share of PNNT stock can currently be purchased for approximately $6.90.

How big of a company is PennantPark Investment?

PennantPark Investment has a market capitalization of $469.41 million and generates $108.28 million in revenue each year. The asset manager earns $47.71 million in net income (profit) each year or $0.75 on an earnings per share basis.

What is PennantPark Investment's official website?

The official website for PennantPark Investment is http://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]


MarketBeat Community Rating for PennantPark Investment (NASDAQ PNNT)

Community Ranking:  2.3 out of 5 (star star)
Outperform Votes:  301 (Vote Outperform)
Underperform Votes:  352 (Vote Underperform)
Total Votes:  653
MarketBeat's community ratings are surveys of what our community members think about PennantPark Investment and other stocks. Vote "Outperform" if you believe PNNT will outperform the S&P 500 over the long term. Vote "Underperform" if you believe PNNT will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 3/23/2019 by MarketBeat.com Staff

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