NASDAQ:PNNTPennantPark Investment Stock Price, Forecast & News

$3.39

+0.11 (+3.35 %)

(As of 06/2/2020 04:00 PM ET)

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Today's Range

$3.21

Now: $3.39▼

$3.47

50-Day Range

$2.73

MA: $3.12▼

$3.65

52-Week Range

$1.76

Now: $3.39▼

$6.86

Volume411,100 shs

Average Volume531,052 shs

Market Capitalization$227.28 million

P/E RatioN/A

Dividend Yield21.24%

Beta1.65

PennantPark Investment Corporation 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.

Beat the Market (BTM) Rank^™

2.5 Analyst's Opinion

Consensus Rating
PennantPark Investment has received a consensus rating of Sell. The company's average rating score is 1.00, and is based on no buy ratings, no hold ratings, and 1 sell rating.
Price Target Upside/Downside
According to analysts' consensus price target of $6.00, PennantPark Investment has a potential upside of 77.0% from its current price of $3.39.
Amount of Analyst Coverage
PennantPark Investment has received no research coverage in the past 90 days.

2.1 Community Rank

Outperform Votes
PennantPark Investment has received 351 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
PennantPark Investment has received 466 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
PennantPark Investment has received 57.04% “underperform” votes from our community.

MarketBeat's community ratings are surveys of what our community members think about PennantPark Investment and other stocks. Vote “Outperform” if you believe PNNT will outperform the S&P 500 over the long term. Vote “Underperform” if you believe PNNT will underperform the S&P 500 over the long term. You may vote once every thirty days.

1.7 Dividend Strength

Dividend Leadership
PennantPark Investment is a leading dividend payer. It pays a dividend yield of 21.24%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
PennantPark Investment does not have a long track record of dividend growth.
Dividend Coverage
The dividend payout ratio of PennantPark Investment is 109.09 %. Payout ratios above 75% are not desirable because they may not be sustainable.
Dividend Sustainability
Based on EPS estimates, PennantPark Investment will have a dividend payout ratio of 130.91 % in the coming year. This indicates that PennantPark Investment may not be able to sustain their current dividend.

4.0 Company Ownership

Insider Buying vs. Insider Selling
In the past three months, PennantPark Investment insiders have bought more of their company's stock than they have sold. Specifically, they have bought $265,078.00 in company stock and sold $0.00 in company stock.
Percentage Held by Insiders
Only 3.00% of the stock of PennantPark Investment is held by insiders.
Percentage Held by Institutions
38.12% of the stock of PennantPark Investment is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

0.6 Earnings and Valuation

Earnings Growth
Earnings for PennantPark Investment are expected to decrease by -9.84% in the coming year, from $0.61 to $0.55 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of PennantPark Investment is -8.47, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Ratio vs. Sector
The P/E ratio of PennantPark Investment is -8.47, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Book Value per Share Ratio
PennantPark Investment has a P/B Ratio of 0.39. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Overall Beat the Market Rank^™

2.18 out of 5 stars

Industry, Sector and Symbol

Stock Exchange NASDAQ

Industry Investors, not elsewhere classified

Sub-IndustryAsset Management & Custody Banks

SectorFinance

Current SymbolNASDAQ:PNNT

Previous Symbol

CUSIP70806210

CIK1383414

Webwww.pennantpark.com

Phone212-905-1000

Debt

Debt-to-Equity Ratio1.64

Current Ratio1.40

Quick Ratio1.40

Price-To-Earnings

Trailing P/E RatioN/A

Forward P/E Ratio5.56

P/E GrowthN/A

Sales & Book Value

Annual Sales$112.11 million

Price / Sales2.03

Cash Flow$0.66 per share

Price / Cash Flow5.15

Book Value$8.68 per share

Price / Book0.39

Profitability

EPS (Most Recent Fiscal Year)$0.66

Net Income$15.93 million

Net Margins-24.82%

Return on Equity7.35%

Return on Assets3.10%

Miscellaneous

EmployeesN/A

Outstanding Shares67,045,000

Market Cap$227.28 million

Next Earnings Date8/5/2020 (Estimated)

OptionableOptionable

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PennantPark Investment (NASDAQ:PNNT) Frequently Asked Questions

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

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 decreased by 25.7% and is now trading at $3.39. View which stocks have been most impacted by Coronavirus.

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

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.

When is PennantPark Investment's next earnings date?

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

How were PennantPark Investment's earnings last quarter?

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

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

PennantPark Investment declared a quarterly dividend on Tuesday, March 3rd. Shareholders of record on Wednesday, March 18th will be paid a dividend of $0.18 per share on Wednesday, April 1st. This represents a $0.72 annualized dividend and a yield of 21.24%. The ex-dividend date of this dividend is Tuesday, March 17th. View PennantPark Investment's dividend history.

What price target have analysts set for PNNT?

1 Wall Street analysts have issued 12 month target prices 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 year. This suggests a possible upside of 77.0% from the stock's current price. View analysts' price targets for PennantPark Investment.

Has PennantPark Investment been receiving favorable news coverage?

News coverage about PNNT stock has been trending positive recently, according to InfoTrie Sentiment Analysis. InfoTrie scores the sentiment of press coverage by reviewing more than six thousand blog and news sources in real time. The firm ranks coverage of companies on a scale of negative five to positive five, with scores closest to five being the most favorable. PennantPark Investment earned a media sentiment score of 2.6 on InfoTrie's scale. They also assigned press coverage about the asset manager a news buzz of 0.0 out of 10, meaning that recent press coverage is extremely unlikely to have an impact on the company's share price in the near future. View the latest news aboutPennantPark Investment.

Are investors shorting PennantPark Investment?

PennantPark Investment saw a increase in short interest in the month of May. As of May 15th, there was short interest totaling 256,200 shares, an increase of 8.6% from the April 30th total of 235,900 shares. Based on an average daily trading volume, of 669,600 shares, the days-to-cover ratio is presently 0.4 days. Currently, 0.4% of the company's shares are sold short. View PennantPark Investment's Current Options Chain.

Who are some of PennantPark Investment's key competitors?

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), Eaton Vance (EV), Legg Mason (LM), Invesco (IVZ), Affiliated Managers Group (AMG), Cohen & Steers (CNS) and Federated Investors (FII). View all competitors.

What other stocks do shareholders of PennantPark Investment own?

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).

Who are PennantPark Investment's key executives?

PennantPark Investment's management team includes the following people:

Mr. Arthur Howard Penn, Founder, Chairman & CEO (Age 56)
Mr. Aviv Efrat, Treasurer & CFO (Age 55)
Mr. Guy Francis Talarico J.D., Chief Compliance Officer (Age 64)
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 retail and institutional investors. Top institutional shareholders include ArrowMark Colorado Holdings LLC (3.82%), Clearbridge Investments LLC (2.59%), Invesco Ltd. (2.40%), West Family Investments Inc. (1.68%), Morgan Stanley (1.38%) and Morgan Stanley (1.38%). 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 Mackenzie Financial Corp, Virtus ETF Advisers LLC, Two Sigma Investments LP, UBS Group AG, Pin Oak Investment Advisors Inc., Mckinley Capital Management LLC Delaware, Claybrook Capital LLC, and HighTower Advisors LLC. View insider buying and selling activity for PennantPark Investment.

Which major investors are buying PennantPark Investment stock?

PNNT stock was acquired by a variety of institutional investors in the last quarter, including Sumitomo Mitsui Trust Holdings Inc., ArrowMark Colorado Holdings LLC, State of Michigan Retirement System, Morgan Stanley, Morgan Stanley, Advisor Group Holdings Inc., Radcliffe Capital Management L.P., and Wolverine Asset Management 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 $3.39.

How big of a company is PennantPark Investment?

PennantPark Investment has a market capitalization of $227.28 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 6/3/2020 by MarketBeat.com Staff