Infrastructure Capital Advisors LLC Has $189,000 Holdings in PennantPark Investment Co. (NASDAQ:PNNT)

Infrastructure Capital Advisors LLC raised its holdings in PennantPark Investment Co. (NASDAQ:PNNT) by 64.3% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 35,767 shares of the asset manager’s stock after buying an additional 14,000 shares during the quarter. Infrastructure Capital Advisors LLC owned 0.05% of PennantPark Investment worth $189,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in PNNT. Leo Brokerage LLC acquired a new position in PennantPark Investment in the first quarter valued at approximately $57,000. Commonwealth Equity Services LLC acquired a new position in shares of PennantPark Investment during the third quarter worth approximately $70,000. BNP Paribas Arbitrage SA acquired a new position in shares of PennantPark Investment during the first quarter worth approximately $77,000. Jane Street Group LLC acquired a new position in shares of PennantPark Investment during the second quarter worth approximately $88,000. Finally, Acrisure Capital Management LLC acquired a new position in shares of PennantPark Investment during the fourth quarter worth approximately $94,000. 32.00% of the stock is owned by institutional investors and hedge funds.

PennantPark Investment Stock Up 0.3 %

Shares of NASDAQ:PNNT opened at $6.61 on Friday. The company has a market capitalization of $431.14 million, a PE ratio of -5.37 and a beta of 1.57. The company has a debt-to-equity ratio of 1.23, a current ratio of 2.11 and a quick ratio of 2.11. The business has a fifty day moving average price of $6.46 and a two-hundred day moving average price of $5.78. PennantPark Investment Co. has a 1 year low of $4.70 and a 1 year high of $7.07.

PennantPark Investment (NASDAQ:PNNT) last announced its quarterly earnings data on Wednesday, August 9th. The asset manager reported $0.35 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.27 by $0.08. The firm had revenue of $45.01 million during the quarter, compared to the consensus estimate of $35.05 million. PennantPark Investment had a positive return on equity of 11.32% and a negative net margin of 57.75%. Analysts forecast that PennantPark Investment Co. will post 0.99 earnings per share for the current year.

PennantPark Investment Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 2nd. Shareholders of record on Monday, September 18th will be paid a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 12.71%. The ex-dividend date is Friday, September 15th. This is an increase from PennantPark Investment’s previous quarterly dividend of $0.20. PennantPark Investment’s dividend payout ratio is -68.29%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on PNNT shares. Raymond James upped their target price on PennantPark Investment from $6.50 to $7.25 and gave the stock an “outperform” rating in a research report on Monday, August 14th. Compass Point downgraded PennantPark Investment from a “buy” rating to a “neutral” rating and set a $6.75 price target for the company. in a report on Monday, August 14th. They noted that the move was a valuation call. LADENBURG THALM/SH SH upped their price target on PennantPark Investment from $6.50 to $7.00 in a report on Monday, August 14th. JPMorgan Chase & Co. upped their price target on PennantPark Investment from $6.00 to $6.50 and gave the stock a “neutral” rating in a report on Friday, August 11th. Finally, StockNews.com began coverage on PennantPark Investment in a report on Thursday, August 17th. They set a “hold” rating for the company. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $6.67.

Insider Buying and Selling at PennantPark Investment

In other news, Director Jose A. Briones purchased 10,960 shares of the business’s stock in a transaction dated Monday, August 14th. The stock was bought at an average price of $6.84 per share, for a total transaction of $74,966.40. Following the purchase, the director now owns 233,499 shares of the company’s stock, valued at $1,597,133.16. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 3.00% of the company’s stock.

PennantPark Investment Profile

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.