PennantPark Investment (PNNT) Stock Forecast, Price & News

5 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for PennantPark Investment in the last twelve months. There are currently 3 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" PNNT shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in PNNT, but not buy additional shares or sell existing shares.
View PNNT analyst ratings or view top-rated stocks.

5 Wall Street research analysts have issued 12 month price objectives for PennantPark Investment's shares. Their PNNT share price forecasts range from $5.50 to $7.25. On average, they expect the company's share price to reach $6.67 in the next year. This suggests a possible upside of 3.7% from the stock's current price.
View analysts price targets for PNNT or view top-rated stocks among Wall Street analysts.

PennantPark Investment's stock was trading at $5.75 at the start of the year. Since then, PNNT shares have increased by 11.8% and is now trading at $6.43.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, November 15th 2023.
View our PNNT earnings forecast.

PennantPark Investment Co. (NASDAQ:PNNT) announced its earnings results on Wednesday, August, 9th. The asset manager reported $0.35 earnings per share for the quarter, beating analysts' consensus estimates of $0.27 by $0.08. The asset manager had revenue of $45.01 million for the quarter, compared to analysts' expectations of $35.05 million. PennantPark Investment had a negative net margin of 57.75% and a positive trailing twelve-month return on equity of 11.32%.

PennantPark Investment declared a quarterly dividend on Wednesday, August 9th. Investors of record on Monday, September 18th will be paid a dividend of $0.21 per share on Monday, October 2nd. This represents a $0.84 annualized dividend and a yield of 13.06%. The ex-dividend date of this dividend is Friday, September 15th. This is an increase from the stock's previous quarterly dividend of $0.20.
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 $0.84 per share and currently has a dividend yield of 13.13%. 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 many different institutional and retail investors. Top institutional shareholders include LSV Asset Management (2.77%), BlackRock Inc. (0.64%), First Republic Investment Management Inc. (0.54%), Golden Green Inc. (0.38%), Claybrook Capital LLC (0.38%) and Advisors Capital Management LLC (0.32%). 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 $6.43.

PennantPark Investment (NASDAQ:PNNT) has a market capitalization of $419.40 million and generates $-72,328,000.00 in revenue each year. The asset manager earns $-24,740,000.00 in net income (profit) each year or ($1.23) 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.