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DOW   31,961.86
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S&P 500   3,925.43
DOW   31,961.86
QQQ   324.13
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S&P 500   3,925.43
DOW   31,961.86
QQQ   324.13
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S&P 500   3,925.43
DOW   31,961.86
QQQ   324.13
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NASDAQ:PNNT

PennantPark Investment Stock Forecast, Price & News

$5.77
+0.05 (+0.87 %)
(As of 02/24/2021 12:00 AM ET)
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Today's Range
$5.75
Now: $5.77
$5.87
50-Day Range
$4.56
MA: $5.30
$5.72
52-Week Range
$1.76
Now: $5.77
$6.54
Volume271,198 shs
Average Volume639,908 shs
Market Capitalization$386.85 million
P/E RatioN/A
Dividend Yield8.39%
Beta1.98
PennantPark Investment Corporation is a business development company. It 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.
PennantPark Investment logo

Industry, Sector and Symbol

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

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$100.22 million
Cash Flow$0.69 per share
Book Value$7.84 per share

Profitability

Net Income$-15,970,000.00

Miscellaneous

Market Cap$386.85 million
Next Earnings Date5/10/2021 (Estimated)
OptionableOptionable

MarketRank

Overall MarketRank

1.47 out of 5 stars

Finance Sector

683rd out of 1,937 stocks

Investors, Not Elsewhere Classified Industry

5th out of 40 stocks

Analyst Opinion: 1.5Community Rank: 2.1Dividend Strength: 1.7Insider Behavior: 0.8Valuation: 1.3 5 -4 -3 -2 -1 -
$5.77
+0.05 (+0.87 %)
(As of 02/24/2021 12:00 AM ET)
30 days | 90 days | 365 days | Advanced Chart

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PennantPark Investment (NASDAQ:PNNT) Frequently Asked Questions

Is PennantPark Investment a buy right now?

3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for PennantPark Investment in the last year. There are currently 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 short-term opportunities in the market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but PennantPark Investment wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
View MarketBeat's top stock picks here.

Are investors shorting PennantPark Investment?

PennantPark Investment saw a decrease in short interest in January. As of January 29th, there was short interest totaling 271,700 shares, a decrease of 28.7% from the January 14th total of 380,800 shares. Based on an average trading volume of 673,100 shares, the days-to-cover ratio is currently 0.4 days. Approximately 0.4% of the company's shares are short sold.
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 Monday, May 10th 2021.
View our earnings forecast for PennantPark Investment
.

How were PennantPark Investment's earnings last quarter?

PennantPark Investment Co. (NASDAQ:PNNT) released its earnings results on Monday, February, 8th. The asset manager reported $0.12 EPS for the quarter, missing the consensus estimate of $0.13 by $0.01. PennantPark Investment had a positive trailing twelve-month return on equity of 7.56% and a negative net margin of 15.93%.
View PennantPark Investment's earnings history
.

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

PennantPark Investment's stock was trading at $4.56 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since then, PNNT shares have increased by 26.5% and is now trading at $5.77.
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 Wednesday, December 2nd. Shareholders of record on Thursday, December 17th will be given a dividend of $0.12 per share on Monday, January 4th. This represents a $0.48 annualized dividend and a yield of 8.32%. The ex-dividend date of this dividend is Wednesday, December 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 8.39%. 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 strock 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 85.71% 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?

3 equities research analysts have issued 12 month price targets for PennantPark Investment's stock. Their forecasts range from $4.75 to $5.25. On average, they expect PennantPark Investment's stock price to reach $5.00 in the next twelve months. This suggests that the stock has a possible downside of 13.3%.
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:
  • Mr. Arthur Howard Penn, Founder, Chairman & CEO (Age 58)
  • Mr. Aviv Efrat, Treasurer & CFO (Age 57)
  • Mr. Guy Francis Talarico J.D., Chief Compliance Officer (Age 66)
  • Mr. Thomas J. Friedmann Esq., Sec.

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 institutional and retail investors. Top institutional shareholders include Van ECK Associates Corp (1.59%), Morgan Stanley (1.32%), Ares Management LLC (1.11%), BlackRock Inc. (0.68%), Mendon Capital Advisors Corp (0.60%) and Advisors Capital Management LLC (0.49%). 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 major investors are selling PennantPark Investment stock?

PNNT stock was sold by a variety of institutional investors in the last quarter, including M&T Bank Corp, Morgan Stanley, LPL Financial LLC, Signaturefd LLC, Pin Oak Investment Advisors Inc., Advisors Capital Management LLC, Atlas Private Wealth Advisors, and Janney Montgomery Scott LLC.
View insider buying and selling activity for PennantPark Investment
or view top insider-selling stocks.

Which major investors are buying PennantPark Investment stock?

PNNT stock was acquired by a variety of institutional investors in the last quarter, including Ares Management LLC, Mendon Capital Advisors Corp, Van ECK Associates Corp, Virtus ETF Advisers LLC, Condor Capital Management, Paloma Partners Management Co, Cetera Investment Advisers, and Edge Wealth Management 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 $5.77.

How much money does PennantPark Investment make?

PennantPark Investment has a market capitalization of $386.85 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 2/25/2021 by MarketBeat.com Staff

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