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S&P 500   4,205.45
DOW   33,093.34
QQQ   348.40
Stock market today: Markets mostly higher after Biden-McCarthy deal on US debt
Sell every Stock except ONE (Ad)
Text released of 99-page bill to raise debt limit, curb spending; lawmakers to review as House eyes Wednesday vote
PwC Australia sidelines 9 directors as leak of tax information investigated
Sell every Stock except ONE (Ad)
South African president appoints judge to oversee weapons-for-Russia inquiry
Drought-struck Barcelona quenches thirst with costly desalination
"How war impacts the stock market" (Ad)
North Korea notifies neighboring Japan it plans to launch satellite in coming days
Sleepless in Kyiv: Nighttime Russian air campaign terrorizes citizens in Ukrainian capital
S&P 500   4,205.45
DOW   33,093.34
QQQ   348.40
Stock market today: Markets mostly higher after Biden-McCarthy deal on US debt
Sell every Stock except ONE (Ad)
Text released of 99-page bill to raise debt limit, curb spending; lawmakers to review as House eyes Wednesday vote
PwC Australia sidelines 9 directors as leak of tax information investigated
Sell every Stock except ONE (Ad)
South African president appoints judge to oversee weapons-for-Russia inquiry
Drought-struck Barcelona quenches thirst with costly desalination
"How war impacts the stock market" (Ad)
North Korea notifies neighboring Japan it plans to launch satellite in coming days
Sleepless in Kyiv: Nighttime Russian air campaign terrorizes citizens in Ukrainian capital
S&P 500   4,205.45
DOW   33,093.34
QQQ   348.40
Stock market today: Markets mostly higher after Biden-McCarthy deal on US debt
Sell every Stock except ONE (Ad)
Text released of 99-page bill to raise debt limit, curb spending; lawmakers to review as House eyes Wednesday vote
PwC Australia sidelines 9 directors as leak of tax information investigated
Sell every Stock except ONE (Ad)
South African president appoints judge to oversee weapons-for-Russia inquiry
Drought-struck Barcelona quenches thirst with costly desalination
"How war impacts the stock market" (Ad)
North Korea notifies neighboring Japan it plans to launch satellite in coming days
Sleepless in Kyiv: Nighttime Russian air campaign terrorizes citizens in Ukrainian capital
NASDAQ:PNNT

PennantPark Investment (PNNT) Stock Forecast, Price & News

$5.61
+0.07 (+1.26%)
(As of 05/26/2023 07:00 PM ET)
Compare
Today's Range
$5.52
$5.62
50-Day Range
$4.76
$5.70
52-Week Range
$4.70
$7.26
Volume
411,300 shs
Average Volume
373,198 shs
Market Capitalization
$365.88 million
P/E Ratio
N/A
Dividend Yield
13.19%
Price Target
$6.25

PennantPark Investment MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.50 Rating Score
Upside/​Downside
11.4% Upside
$6.25 Price Target
Short Interest
N/A
Dividend Strength
Weak
Based on Four Factors
Sustainability
N/A
News Sentiment
N/A
Insider Trading
Acquiring Shares
$364,843 Bought Last Quarter
Proj. Earnings Growth
-5.49%
From $0.91 to $0.86 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

1.42 out of 5 stars

Finance Sector

875th out of 902 stocks

Investors, Not Elsewhere Classified Industry

14th out of 17 stocks


PNNT stock logo

About PennantPark Investment (NASDAQ:PNNT) Stock

PennantPark Investment Corporation is a publicly listed business development firm specializing in direct and mezzanine investments in middle market companies. It invests in the form of mezzanine debt, senior secured loans, and equity investments. The firm 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 firm 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 firm may also make non-control equity and debt investments. PennantPark Investment Corporation was founded on January 11, 2007 and is based in New York, New York.

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PNNT Stock News Headlines

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PennantPark (PFLT) Q4 Earnings Lag Estimates
PennantPark: Fiscal Q4 Earnings Snapshot
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PNNT Company Calendar

Last Earnings
11/17/2021
Ex-Dividend for 4/3 Dividend
3/15/2023
Dividend Payable
4/03/2023
Today
5/29/2023
Ex-Dividend for 7/3 Dividend
6/14/2023
Dividend Payable
7/03/2023
Next Earnings (Estimated)
8/02/2023
Fiscal Year End
9/30/2023

Industry, Sector and Symbol

Industry
Investors, not elsewhere classified
Sub-Industry
Asset Management & Custody Banks
Sector
Finance
Current Symbol
NASDAQ:PNNT
CUSIP
70806210
Employees
N/A
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$6.25
High Stock Price Forecast
$7.00
Low Stock Price Forecast
$5.50
Forecasted Upside/Downside
+11.4%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.50
Research Coverage
2 Analysts

Profitability

Net Income
$-24,740,000.00
Net Margins
-101.55%
Pretax Margin
-101.34%

Debt

Sales & Book Value

Annual Sales
$104.97 million
Cash Flow
$0.62 per share
Book Value
$8.95 per share

Miscellaneous

Free Float
63,268,000
Market Cap
$365.88 million
Optionable
Optionable
Beta
1.57

Key Executives

  • Arthur Howard Penn
    Chairman & Chief Executive Officer
  • Richard T. Allorto
    Chief Financial Officer & Treasurer
  • Guy F. Talarico
    Chief Compliance Officer
  • Brandon Satoren
    Vice President & Controller
  • Thomas J. Friedmann
    Secretary













PNNT Stock - Frequently Asked Questions

Should I buy or sell PennantPark Investment stock right now?

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.
View PNNT analyst ratings
or view top-rated stocks.

What is PennantPark Investment's stock price forecast for 2023?

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.
View analysts price targets for PNNT
or view top-rated stocks among Wall Street analysts.

How have PNNT shares performed in 2023?

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.
View the best growth stocks for 2023 here
.

When is PennantPark Investment's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, August 2nd 2023.
View our PNNT earnings forecast
.

How were PennantPark Investment's earnings last quarter?

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.

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

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
.

What ETFs hold PennantPark Investment's stock?

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),

Is PennantPark Investment a good dividend stock?

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.

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 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.
View institutional ownership trends
.

How do I buy shares of PennantPark Investment?

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.
Compare Top Brokerages Here.

What is PennantPark Investment's stock price today?

One share of PNNT stock can currently be purchased for approximately $5.61.

How much money does PennantPark Investment make?

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.

How can I contact PennantPark Investment?

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.

This page (NASDAQ:PNNT) was last updated on 5/29/2023 by MarketBeat.com Staff

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