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NASDAQ:PNNT

PennantPark Investment Stock Forecast, Price & News

$4.63
+0.16 (+3.58 %)
(As of 11/24/2020 12:14 PM ET)
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Compare
Today's Range
$4.38
Now: $4.63
$4.64
50-Day Range
$2.85
MA: $3.25
$4.26
52-Week Range
$1.76
Now: $4.63
$6.86
Volume24,603 shs
Average Volume440,012 shs
Market Capitalization$310.42 million
P/E RatioN/A
Dividend Yield11.27%
Beta1.63
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.
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PennantPark Investment logo

Beat the Market (BTM) Rank

Analyst Opinion: 1.5Community Rank: 2.1Dividend Strength: 2.5Insider Behavior: 0.0Valuation: 0.6 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.35 out of 5 stars


Industry, Sector and Symbol

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

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$112.11 million
Cash Flow$0.94 per share
Book Value$8.68 per share

Profitability

Net Income$15.93 million

Miscellaneous

Market Cap$310.42 million
Next Earnings Date2/4/2021 (Estimated)
OptionableOptionable
$4.63
+0.16 (+3.58 %)
(As of 11/24/2020 12:14 PM ET)
30 days | 90 days | 365 days | Advanced Chart

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PennantPark Investment (NASDAQ:PNNT) Frequently Asked Questions

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 0.4% and is now trading at $4.58.
View which stocks have been most impacted by COVID-19
.

Do Wall Street analysts recommend investors buy shares of PennantPark Investment?

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, resulting in a consensus recommendation of "Buy."
View analyst ratings for PennantPark Investment
.

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 winning trading ideas this year 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.

When is PennantPark Investment's next earnings date?

PennantPark Investment is scheduled to release its next quarterly earnings announcement on Thursday, February 4th 2021.
View our earnings forecast for PennantPark Investment
.

How were PennantPark Investment's earnings last quarter?

PennantPark Investment Co. (NASDAQ:PNNT) announced its earnings results on Wednesday, November, 18th. The asset manager reported $0.14 earnings per share for the quarter, missing the Thomson Reuters' consensus estimate of $0.15 by $0.01. PennantPark Investment had a negative net margin of 16.10% and a positive return on equity of 7.43%.
View PennantPark Investment's earnings history
.

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

PennantPark Investment announced a quarterly dividend on Wednesday, September 2nd. Shareholders of record on Thursday, September 17th will be given a dividend of $0.12 per share on Thursday, October 1st. This represents a $0.48 dividend on an annualized basis and a dividend yield of 10.48%. The ex-dividend date of this dividend is Wednesday, September 16th.
View PennantPark Investment's dividend history
.

What price target have analysts set for PNNT?

3 brokers have issued 12 month price targets for PennantPark Investment's shares. Their forecasts range from $4.75 to $5.25. On average, they anticipate PennantPark Investment's share price to reach $5.00 in the next year. This suggests a possible upside of 9.2% from the stock's current price.
View analysts' price targets for PennantPark Investment
.

Who are some of PennantPark Investment's key competitors?

What other stocks do shareholders of PennantPark Investment own?

Who are PennantPark Investment's key executives?

PennantPark Investment's management team includes the following people:
  • Mr. Arthur Howard Penn, Founder, Chairman & CEO (Age 57)
  • Mr. Aviv Efrat, Treasurer & CFO (Age 56)
  • Mr. Guy Francis Talarico J.D., Chief Compliance Officer (Age 65)
  • Mr. Thomas J. Friedmann Esq., Sec.

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 number of institutional and retail investors. Top institutional shareholders include ArrowMark Colorado Holdings LLC (3.73%), LSV Asset Management (3.26%), Arrowstreet Capital Limited Partnership (1.95%), Morgan Stanley (1.40%), BlackRock Inc. (0.67%) and Advisors Capital Management LLC (0.50%). Company insiders that own PennantPark Investment stock include Arthur H Penn and Aviv Efrat.
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 Advisors Asset Management Inc., ArrowMark Colorado Holdings LLC, Muzinich & Co. Inc., Morgan Stanley, JPMorgan Chase & Co., LSV Asset Management, Aigen Investment Management LP, and Advisors Capital Management LLC.
View insider buying and selling activity for PennantPark Investment
.

Which major investors are buying PennantPark Investment stock?

PNNT stock was purchased by a variety of institutional investors in the last quarter, including Claybrook Capital LLC, BlackRock Inc., Transcend Wealth Collective LLC, Schonfeld Strategic Advisors LLC, Schonfeld Strategic Advisors LLC, Cerity Partners LLC, M&T Bank Corp, and Two Sigma Securities LLC. 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 activity 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, Robinhood, Fidelity, and Charles Schwab.

What is PennantPark Investment's stock price today?

One share of PNNT stock can currently be purchased for approximately $4.58.

How big of a company is PennantPark Investment?

PennantPark Investment has a market capitalization of $307.07 million and generates $112.11 million in revenue each year. The asset manager earns $15.93 million in net income (profit) each year or $0.66 on an earnings per share basis.

What is PennantPark Investment's official website?

The official website for PennantPark Investment is 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]

This page was last updated on 11/24/2020 by MarketBeat.com Staff

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