PennantPark Investment (PNNT) Set to Announce Quarterly Earnings on Monday

PennantPark Investment (NASDAQ:PNNT) will announce its earnings results after the market closes on Monday, November 25th. Analysts expect the company to announce earnings of $0.22 per share for the quarter.

PennantPark Investment Stock Down 0.6 %

PNNT opened at $6.92 on Monday. PennantPark Investment has a 1-year low of $6.31 and a 1-year high of $8.04. The firm’s 50 day simple moving average is $6.96 and its two-hundred day simple moving average is $7.18. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 1.54. The company has a market capitalization of $451.88 million, a PE ratio of 10.49 and a beta of 1.52.

PennantPark Investment Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Friday, November 15th will be paid a dividend of $0.08 per share. This represents a $0.96 dividend on an annualized basis and a yield of 13.87%. The ex-dividend date of this dividend is Friday, November 15th. PennantPark Investment’s payout ratio is 145.46%.

Analyst Ratings Changes

A number of brokerages recently weighed in on PNNT. Compass Point upgraded shares of PennantPark Investment from a “sell” rating to a “neutral” rating and set a $6.00 target price for the company in a research report on Monday, September 9th. StockNews.com downgraded shares of PennantPark Investment from a “hold” rating to a “sell” rating in a report on Friday, August 9th.

PennantPark Investment Company 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.