NASDAQ:PNNT

PennantPark Investment Stock Forecast, Price & News

$6.91
+0.26 (+3.91 %)
(As of 06/21/2021 12:14 PM ET)
Add
Compare
Today's Range
$6.78
$6.91
50-Day Range
$6.10
$7.37
52-Week Range
$2.80
$7.41
Volume1,860 shs
Average Volume471,491 shs
Market Capitalization$463.32 million
P/E Ratio3.46
Dividend Yield7.22%
Beta1.98
30 days | 90 days | 365 days | Advanced Chart
Receive PNNT News and Ratings via Email

Sign-up to receive the latest news and ratings for PennantPark Investment and its competitors with MarketBeat's FREE daily newsletter.


PennantPark Investment logo

About PennantPark Investment

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.

Headlines

See More Headlines

Industry, Sector and Symbol

Sales & Book Value

Profitability

Debt

Price-To-Earnings

Miscellaneous


MarketRank

Overall MarketRank

1.65 out of 5 stars

Finance Sector

547th out of 1,970 stocks

Investors, Not Elsewhere Classified Industry

4th out of 39 stocks

Analyst Opinion: 1.4Community Rank: 2.1Dividend Strength: 1.7Insider Behavior: 0.0Valuation: 3.1 5 -4 -3 -2 -1 -
speech bubbles
speech bubbles











PennantPark Investment (NASDAQ:PNNT) Frequently Asked Questions

Is PennantPark Investment a buy right now?

4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for PennantPark Investment in the last twelve months. There are currently 1 hold rating and 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 buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but PennantPark Investment wasn't one of them. MarketBeat thinks these five companies 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 the month of May. As of May 28th, there was short interest totaling 216,600 shares, a decrease of 49.6% from the May 13th total of 429,500 shares. Based on an average daily trading volume, of 352,200 shares, the days-to-cover ratio is presently 0.6 days. Approximately 0.3% 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 Wednesday, August 4th 2021.
View our earnings forecast for PennantPark Investment
.

How were PennantPark Investment's earnings last quarter?

PennantPark Investment Co. (NASDAQ:PNNT) released its quarterly earnings results on Wednesday, May, 5th. The asset manager reported $0.13 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.13. The asset manager had revenue of $19.23 million for the quarter, compared to the consensus estimate of $19.50 million. PennantPark Investment had a trailing twelve-month return on equity of 6.62% and a net margin of 159.18%.
View PennantPark Investment's earnings history
.

How has PennantPark Investment's stock price been impacted by Coronavirus (COVID-19)?

PennantPark Investment's stock was trading at $4.56 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, PNNT shares have increased by 50.9% and is now trading at $6.88.
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, June 2nd. Stockholders of record on Thursday, June 17th will be given a dividend of $0.12 per share on Thursday, July 1st. This represents a $0.48 dividend on an annualized basis and a yield of 6.98%. The ex-dividend date is Wednesday, June 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 7.22%. 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 strong 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 80.00% 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?

4 brokerages 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 share price to reach $5.00 in the next twelve months. This suggests that the stock has a possible downside of 27.3%.
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 investors include Ares Management LLC (4.97%), LSV Asset Management (3.22%), Arrowstreet Capital Limited Partnership (1.94%), Van ECK Associates Corp (1.87%), Morgan Stanley (1.31%) and Confluence Investment Management LLC (1.07%). 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 Millennium Management LLC, Mendon Capital Advisors Corp, BlackRock Inc., Confluence Investment Management LLC, Virtus ETF Advisers LLC, Advisors Asset Management Inc., Quadrature Capital Ltd, and Advisors Capital Management 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, Putnam Investments LLC, Van ECK Associates Corp, Texas Capital Bank Wealth Management Services Inc, Hennion & Walsh Asset Management Inc., Eagle Global Advisors LLC, Condor Capital Management, and Stockman Wealth Management Inc.. 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 $6.88.

How much money does PennantPark Investment make?

PennantPark Investment has a market capitalization of $461.30 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 6/21/2021 by MarketBeat.com Staff
MarketBeat - Stock Market News and Research Tools logo

MarketBeat empowers individual investors to make better trading decisions by providing real-time financial data and objective market analysis. Whether you’re looking for analyst ratings, corporate buybacks, dividends, earnings, economic reports, financials, insider trades, IPOs, SEC filings or stock splits, MarketBeat has the objective information you need to analyze any stock. Learn more about MarketBeat.

MarketBeat is accredited by the Better Business Bureau

© American Consumer News, LLC dba MarketBeat® 2010-2021. All rights reserved.
326 E 8th St #105, Sioux Falls, SD 57103 | U.S. Based Support Team at [email protected] | (844) 978-6257
MarketBeat does not provide personalized financial advice and does not issue recommendations or offers to buy stock or sell any security.

Our Accessibility Statement | Terms of Service | Do Not Sell My Information

© 2021 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. Information is provided 'as-is' and solely for informational purposes, not for trading purposes or advice, and is delayed. To see all exchange delays and terms of use please see disclaimer. Fundamental company data provided by Zacks Investment Research.