NASDAQ:PNNT - PennantPark Investment Stock Price, Forecast & News

PennantPark Investment trades on the NASDAQ under the ticker symbol "PNNT."

PennantPark Investment declared a quarterly dividend on Thursday, December 5th. Shareholders of record on Thursday, December 19th will be paid a dividend of $0.18 per share on Thursday, January 2nd. This represents a $0.72 annualized dividend and a yield of 11.11%. The ex-dividend date of this dividend is Wednesday, December 18th. View PennantPark Investment's Dividend History.

PennantPark Investment Corp. (NASDAQ:PNNT) issued its earnings results on Thursday, February, 6th. The asset manager reported $0.15 EPS for the quarter, missing the consensus estimate of $0.17 by $0.02. The asset manager earned $26 million during the quarter, compared to analysts' expectations of $27.53 million. PennantPark Investment had a return on equity of 7.19% and a net margin of 25.60%. View PennantPark Investment's Earnings History.

PennantPark Investment is scheduled to release their next quarterly earnings announcement on Thursday, May 14th 2020. View Earnings Estimates for PennantPark Investment.

4 brokerages have issued 1-year price objectives for PennantPark Investment's stock. Their forecasts range from $6.00 to $8.00. On average, they anticipate PennantPark Investment's stock price to reach $7.00 in the next twelve months. This suggests a possible upside of 8.0% from the stock's current price. View Analyst Price Targets for PennantPark Investment.

4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for PennantPark Investment in the last year. There are currently 1 sell rating, 2 hold ratings and 1 buy rating for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for PennantPark Investment.

News coverage about PNNT stock has been trending very negative this week, InfoTrie Sentiment Analysis reports. InfoTrie scores the sentiment of press coverage by reviewing more than six thousand news and blog sources in real time. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. PennantPark Investment earned a news sentiment score of -3.0 on InfoTrie's scale. They also assigned news stories about the asset manager a news buzz of 0.0 out of 10, meaning that recent press coverage is extremely unlikely to have an effect on the stock's share price in the next few days. View News Stories for PennantPark Investment.

PennantPark Investment saw a decrease in short interest during the month of January. As of January 31st, there was short interest totalling 878,000 shares, a decrease of 14.8% from the January 15th total of 1,030,000 shares. Based on an average daily trading volume, of 420,300 shares, the days-to-cover ratio is currently 2.1 days. Currently, 1.3% of the company's shares are sold short. View PennantPark Investment's Current Options Chain.

Some companies that are related to PennantPark Investment include BlackRock (BLK), Bank of New York Mellon (BK), T. Rowe Price Group (TROW), State Street (STT), Ameriprise Financial (AMP), Northern Trust (NTRS), Franklin Resources (BEN), SEI Investments (SEIC), Ares Capital (ARCC), Invesco (IVZ), Eaton Vance (EV), Legg Mason (LM), Affiliated Managers Group (AMG), Cohen & Steers (CNS) and Federated Investors (FII).

Based on aggregate information from My MarketBeat watchlists, some companies that other PennantPark Investment investors own include Energy Transfer LP Unit (ET), Prospect Capital (PSEC), Ares Capital (ARCC), AGNC Investment (AGNC), AT&T (T), ANNALY CAP MGMT/SH (NLY), Oxford Square Capital (OXSQ), New Mountain Finance (NMFC), Oxford Lane Capital (OXLC) and New Residential Investment (NRZ).

PennantPark Investment's stock is owned by a variety of of retail and institutional investors. Top institutional investors include LSV Asset Management (3.98%), ArrowMark Colorado Holdings LLC (3.52%), Virtus ETF Advisers LLC (1.42%), Confluence Investment Management LLC (1.32%), Van ECK Associates Corp (1.12%) and Bank of Montreal Can (1.06%). View Institutional Ownership Trends for PennantPark Investment.

PNNT stock was sold by a variety of institutional investors in the last quarter, including Muzinich & Co. Inc., Ancora Advisors LLC, Advisors Asset Management Inc., Greenwich Investment Management Inc., UBS Group AG, Confluence Investment Management LLC, Advisors Capital Management LLC and LSV Asset Management. View Insider Buying and Selling for PennantPark Investment.

PNNT stock was purchased by a variety of institutional investors in the last quarter, including Goldman Sachs Group Inc., ArrowMark Colorado Holdings LLC, Virtus ETF Advisers LLC, Van ECK Associates Corp, Marshall Wace LLP, Marshall Wace North America L.P., Ladenburg Thalmann Financial Services Inc. and Independent Advisor Alliance. View Insider Buying and Selling for 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.

One share of PNNT stock can currently be purchased for approximately $6.48.

PennantPark Investment has a market capitalization of $434.45 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. View Additional Information About PennantPark Investment.

The official website for PennantPark Investment is http://www.pennantpark.com/.

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]