NASDAQ:PNNTPennantPark Investment Stock Price, Forecast & News

PennantPark Investment's stock was trading at $4.56 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization (WHO). Since then, PNNT stock has decreased by 27.2% and is now trading at $3.32. View which stocks have been most impacted by Coronavirus.

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

PennantPark Investment is scheduled to release its next quarterly earnings announcement on Wednesday, August 5th 2020. View our earnings forecast for PennantPark Investment.

PennantPark Investment Corp. (NASDAQ:PNNT) released its quarterly earnings data on Monday, May, 11th. The asset manager reported $0.15 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.16 by $0.01. The asset manager earned $27.54 million during the quarter, compared to analysts' expectations of $27.62 million. PennantPark Investment had a positive return on equity of 7.35% and a negative net margin of 24.82%. View PennantPark Investment's earnings history.

PennantPark Investment declared a quarterly dividend on Tuesday, June 2nd. Shareholders of record on Wednesday, June 17th will be paid a dividend of $0.12 per share on Wednesday, July 1st. This represents a $0.48 dividend on an annualized basis and a yield of 14.46%. The ex-dividend date is Tuesday, June 16th. View PennantPark Investment's dividend history.

1 equities research analysts have issued 12-month price targets for PennantPark Investment's stock. Their forecasts range from $6.00 to $6.00. On average, they anticipate PennantPark Investment's stock price to reach $6.00 in the next twelve months. This suggests a possible upside of 80.7% from the stock's current price. View analysts' price targets for PennantPark Investment.

Media headlines about PNNT stock have trended negative on Sunday, according to InfoTrie Sentiment. The research firm identifies positive and negative press coverage by monitoring more than six thousand blog and news sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores nearest to five being the most favorable. PennantPark Investment earned a daily sentiment score of -2.2 on InfoTrie's scale. They also assigned media coverage about the asset manager a news buzz of 5.0 out of 10, indicating that recent press coverage is somewhat likely to have an effect on the company's share price in the near term. View the latest news about PennantPark Investment.

PennantPark Investment saw a increase in short interest in June. As of June 30th, there was short interest totaling 358,700 shares, an increase of 18.9% from the June 15th total of 301,600 shares. Based on an average trading volume of 541,800 shares, the days-to-cover ratio is presently 0.7 days. Currently, 0.6% of the shares of the stock 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), Legg Mason (LM), Eaton Vance (EV), Affiliated Managers Group (AMG), Cohen & Steers (CNS) and Federated Investors (FII). View all competitors.

Based on aggregate information from My MarketBeat watchlists, some companies that other PennantPark Investment investors own include ANNALY CAP MGMT/SH (NLY), Energy Transfer LP Unit (ET), AGNC Investment (AGNC), Prospect Capital (PSEC), AT&T (T), Enterprise Products Partners (EPD), NGL Energy Partners (NGL), New Residential Investment (NRZ), Ares Capital (ARCC) and NY MTG TR INC/SH (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 investors include Confluence Investment Management LLC (1.14%). Company insiders that own PennantPark Investment stock include Arthur H Penn and Aviv Efrat. View institutional ownership trends for PennantPark Investment.

PNNT stock was sold by a variety of institutional investors in the last quarter, including Confluence Investment Management LLC. View insider buying and selling activity 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 $3.32.

PennantPark Investment has a market capitalization of $222.57 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.

The official website for PennantPark Investment is 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]