PennantPark Investment (PNNT) Stock Forecast, Price & News

2 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for PennantPark Investment in the last twelve months. There are currently 1 hold rating and 1 buy rating for the stock. The consensus among Wall Street research analysts is that investors should "buy" PNNT shares.
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2 brokers have issued 1-year price targets for PennantPark Investment's stock. Their PNNT share price forecasts range from $5.50 to $7.00. On average, they expect the company's stock price to reach $6.25 in the next year. This suggests a possible upside of 11.4% from the stock's current price.
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PennantPark Investment's stock was trading at $5.75 at the start of the year. Since then, PNNT stock has decreased by 2.4% and is now trading at $5.61.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, August 2nd 2023.
View our PNNT earnings forecast.

PennantPark Investment Co. (NASDAQ:PNNT) issued its quarterly earnings data on Wednesday, November, 17th. The asset manager reported $0.17 earnings per share (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 analyst estimates of $21.04 million. PennantPark Investment had a negative net margin of 101.55% and a positive trailing twelve-month return on equity of 8.43%. During the same quarter in the prior year, the company earned $0.14 EPS.

PennantPark Investment announced a quarterly dividend on Friday, May 12th. Stockholders of record on Thursday, June 15th will be given a dividend of $0.20 per share on Monday, July 3rd. This represents a $0.80 dividend on an annualized basis and a dividend yield of 14.26%. The ex-dividend date of this dividend is Wednesday, June 14th. This is a positive change from the stock's previous quarterly dividend of $0.19.
Read our dividend analysis for PNNT.

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),

PennantPark Investment (NASDAQ:PNNT) pays an annual dividend of $0.74 per share and currently has a dividend yield of 13.19%. 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.

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).

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

PennantPark Investment's stock is owned by a variety of retail and institutional investors. Top institutional shareholders include Ares Management LLC (7.22%), LSV Asset Management (2.58%), Relative Value Partners Group LLC (1.62%), Confluence Investment Management LLC (1.06%), Advisors Asset Management Inc. (0.96%) and BlackRock Inc. (0.59%). Insiders that own company stock include Arthur H Penn, Jose A Briones, Richard T Allorto Jr and Samuel L Katz.
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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.
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One share of PNNT stock can currently be purchased for approximately $5.61.

PennantPark Investment (NASDAQ:PNNT) has a market capitalization of $365.88 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 ($1.83) on an earnings per share basis.

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.