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S&P 500   5,254.35
DOW   39,807.37
QQQ   444.01
Stock market today: Wall Street rises to more records to close out its latest winning month
Delta Airline’s Put Option Activity Isn’t Bad News
Disney Stock Catches 3 Upgrades In a Single Week
7 Stocks That Will Drive the Weight Loss Drugs Market
3 Value Stocks Too Small For Buffett’s Portfolio
Walgreens Boots Alliance: Deep Value With Nowhere to Go But Up
Krispy Kreme's Sweet Deal: McDonald's Partnership Sparks Growth?
S&P 500   5,254.35
DOW   39,807.37
QQQ   444.01
Stock market today: Wall Street rises to more records to close out its latest winning month
Delta Airline’s Put Option Activity Isn’t Bad News
Disney Stock Catches 3 Upgrades In a Single Week
7 Stocks That Will Drive the Weight Loss Drugs Market
3 Value Stocks Too Small For Buffett’s Portfolio
Walgreens Boots Alliance: Deep Value With Nowhere to Go But Up
Krispy Kreme's Sweet Deal: McDonald's Partnership Sparks Growth?
S&P 500   5,254.35
DOW   39,807.37
QQQ   444.01
Stock market today: Wall Street rises to more records to close out its latest winning month
Delta Airline’s Put Option Activity Isn’t Bad News
Disney Stock Catches 3 Upgrades In a Single Week
7 Stocks That Will Drive the Weight Loss Drugs Market
3 Value Stocks Too Small For Buffett’s Portfolio
Walgreens Boots Alliance: Deep Value With Nowhere to Go But Up
Krispy Kreme's Sweet Deal: McDonald's Partnership Sparks Growth?
NASDAQ:PNNT

PennantPark Investment (PNNT) Stock Price, News & Analysis

$6.88
+0.06 (+0.88%)
(As of 04:38 PM ET)
Today's Range
$6.82
$6.92
50-Day Range
$6.61
$7.21
52-Week Range
$4.70
$7.27
Volume
369,636 shs
Average Volume
453,410 shs
Market Capitalization
$448.71 million
P/E Ratio
9.30
Dividend Yield
12.21%
Price Target
$6.94

PennantPark Investment MarketRank™ Stock Analysis

Analyst Rating
Hold
2.33 Rating Score
Upside/​Downside
1.0% Upside
$6.94 Price Target
Short Interest
N/A
Dividend Strength
Weak
Based on Four Factors
Sustainability
N/A
News Sentiment
N/A
Insider Trading
Acquiring Shares
$151,258 Bought Last Quarter
Proj. Earnings Growth
-3.19%
From $0.94 to $0.91 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

0.93 out of 5 stars

Finance Sector

775th out of 850 stocks

Investors, Not Elsewhere Classified Industry

9th out of 15 stocks

PNNT stock logo

About PennantPark Investment Stock (NASDAQ:PNNT)

PennantPark Investment Corporation, a business development company is a private equity fund 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 buildings and real estate, hotels, gaming and leisure, technology, telecommunications, transportation, information technology services, electronics, healthcare & pharmaceuticals, education and childcare, financial services, printing and publishing, consumer products, business services, energy & Related Services and utilities, distribution, oil and gas, media, environmental services, aerospace and defense, building materials, capital equipment, chemicals, plastics, & rubber, food & beverage, wholesale, manufacturing and basic industries and retail. It invests in equity securities and debt transactions through preferred stock, common stock, warrants, options, senior secured debt, subordinated debt, subordinated loans, first lien debt, mezzanine loans, and distressed debt securities and private equity co-investments. It seeks to invest in companies based in the United States. The fund seeks to invest between $10 million and $100 million cross the capital structure (senior secured loans, subordinated debt, and other investments) in its portfolio companies with EBITDA between $10 to $50 million. 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.

PNNT Stock Price History

PNNT Stock News Headlines

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12%-Yield PennantPark Stock Crushing the Broader Market
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PNNT Jun 2024 10.000 call
Forget Bitcoin. Crypto Millionaire Predicts 8,788% Gains For THIS
You might have seen that Bitcoin was one of the best performing assets of 2023. It gained 164%. But a crypto millionaire who has been tracking the space for more than a decade has ABANDONED Bitcoin. He found something better.
PNNT Mar 2024 2.500 put
PennantPark Investment Corporation (PNNT)
PennantPark Investment: 12% Yielding BDC
See More Headlines
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Company Calendar

Last Earnings
2/07/2024
Ex-Dividend for 3/1 Dividend
2/14/2024
Dividend Payable
3/01/2024
Ex-Dividend for 4/1 Dividend
3/15/2024
Today
3/28/2024
Dividend Payable
4/01/2024
Next Earnings (Estimated)
5/08/2024
Fiscal Year End
9/30/2024

Industry, Sector and Symbol

Sector
Finance
Industry
Investors, not elsewhere classified
Sub-Industry
Asset Management & Custody Banks
Current Symbol
NASDAQ:PNNT
CUSIP
70806210
Employees
N/A
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$6.94
High Stock Price Target
$7.50
Low Stock Price Target
$6.50
Potential Upside/Downside
+1.0%
Consensus Rating
Hold
Rating Score (0-4)
2.33
Research Coverage
3 Analysts

Profitability

Net Income
$-33,810,000.00
Pretax Margin
32.55%

Debt

Sales & Book Value

Annual Sales
$145.37 million
Cash Flow
$1.00 per share
Book Value
$7.70 per share

Miscellaneous

Free Float
63,268,000
Market Cap
$448.06 million
Optionable
Optionable
Beta
1.53
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Key Executives

  • Mr. Arthur Howard Penn (Age 61)
    Founder, Chairman, Managing Partner & CEO
  • Mr. Richard Thomas Allorto Jr. (Age 52)
    CPA, CFO & Treasurer
  • Mr. Jose A. Briones Jr. (Age 53)
    Senior Partner, Portfolio Manager & Director
  • Mr. Matthew Visgilio
    Manager of Operations
  • Mr. Jeffrey Sion
    Corporate Counsel
  • Mr. Frank Robert Galea (Age 55)
    Chief Compliance Officer
  • Mr. Richard W. Van Houten
    Senior VP of Marketing
  • Ms. Sarah Kurash
    Director of Human Resources
  • Mr. Michael Appelbaum
    Partner of New York
  • Mr. Terence Clerkin
    Partner of Miami

PNNT Stock Analysis - Frequently Asked Questions

Should I buy or sell PennantPark Investment stock right now?

3 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for PennantPark Investment in the last twelve months. There are currently 2 hold ratings and 1 buy rating for the stock. The consensus among Wall Street research analysts is that investors should "hold" PNNT shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in PNNT, but not buy additional shares or sell existing shares.
View PNNT analyst ratings
or view top-rated stocks.

What is PennantPark Investment's stock price target for 2024?

3 analysts have issued 1 year price objectives for PennantPark Investment's shares. Their PNNT share price targets range from $6.50 to $7.50. On average, they predict the company's stock price to reach $6.94 in the next twelve months. This suggests a possible upside of 1.0% from the stock's current price.
View analysts price targets for PNNT
or view top-rated stocks among Wall Street analysts.

How have PNNT shares performed in 2024?

PennantPark Investment's stock was trading at $6.91 at the start of the year. Since then, PNNT shares have decreased by 0.6% and is now trading at $6.87.
View the best growth stocks for 2024 here
.

When is PennantPark Investment's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 8th 2024.
View our PNNT earnings forecast
.

How were PennantPark Investment's earnings last quarter?

PennantPark Investment Co. (NASDAQ:PNNT) released its quarterly earnings data on Wednesday, February, 7th. The asset manager reported $0.24 EPS for the quarter, beating the consensus estimate of $0.23 by $0.01. The asset manager had revenue of $34.34 million for the quarter, compared to analyst estimates of $32.49 million. PennantPark Investment had a net margin of 32.55% and a trailing twelve-month return on equity of 14.17%.

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

PennantPark Investment declared a monthly dividend on Monday, March 4th. Investors of record on Monday, March 18th will be given a dividend of $0.07 per share on Monday, April 1st. This represents a $0.84 annualized dividend and a dividend yield of 12.23%. The ex-dividend date of this dividend is Friday, March 15th.
Read our dividend analysis for PNNT
.

Is PennantPark Investment a good dividend stock?

PennantPark Investment (NASDAQ:PNNT) pays an annual dividend of $0.84 per share and currently has a dividend yield of 12.44%. PNNT has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 113.52%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on EPS estimates, PNNT will have a dividend payout ratio of 92.31% in the coming year. This indicates that the company may not be able to sustain their current dividend.
Read our dividend analysis for PNNT.

What ETFs hold PennantPark Investment's stock?

ETFs with the largest weight of PennantPark Investment (NASDAQ:PNNT) stock in their portfolio include Invesco KBW High Dividend Yield Financial ETF (KBWD).Virtus Private Credit Strategy ETF (VPC).

What other stocks do shareholders of PennantPark Investment own?
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 LSV Asset Management (3.27%), Legal & General Group Plc (0.76%), Condor Capital Management (0.42%), NewEdge Wealth LLC (0.41%), Legacy Capital Wealth Partners LLC (0.36%) and International Assets Investment Management LLC (0.33%). Insiders that own company stock include Arthur H Penn, Jose A Briones, Richard T Allorto Jr and Samuel L Katz.
View institutional ownership trends
.

How do I buy shares of PennantPark Investment?

Shares of PNNT stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NASDAQ:PNNT) was last updated on 3/28/2024 by MarketBeat.com Staff

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