Aperio Group LLC lifted its holdings in PennantPark Investment Corporation (NASDAQ:PNNT) by 52.5% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 103,234 shares of the asset manager’s stock after purchasing an additional 35,550 shares during the period. Aperio Group LLC’s holdings in PennantPark Investment Corporation were worth $775,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of PNNT. LSV Asset Management lifted its stake in shares of PennantPark Investment Corporation by 36.9% in the 2nd quarter. LSV Asset Management now owns 2,741,127 shares of the asset manager’s stock worth $20,256,000 after purchasing an additional 738,141 shares during the period. Arrowstreet Capital Limited Partnership bought a new position in shares of PennantPark Investment Corporation in the 2nd quarter worth approximately $1,412,000. GSA Capital Partners LLP lifted its stake in shares of PennantPark Investment Corporation by 90.3% in the 2nd quarter. GSA Capital Partners LLP now owns 332,665 shares of the asset manager’s stock worth $2,458,000 after purchasing an additional 157,852 shares during the period. Catalyst Capital Advisors LLC bought a new position in shares of PennantPark Investment Corporation in the 2nd quarter worth approximately $862,000. Finally, Abbot Financial Management Inc. bought a new position in shares of PennantPark Investment Corporation in the 2nd quarter worth approximately $702,000. Hedge funds and other institutional investors own 41.33% of the company’s stock.

PNNT has been the topic of several recent research reports. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $8.50 price objective on shares of PennantPark Investment Corporation in a research note on Tuesday, July 25th. Zacks Investment Research upgraded shares of PennantPark Investment Corporation from a “sell” rating to a “hold” rating in a research note on Wednesday, October 11th. Jefferies Group LLC reiterated a “hold” rating and issued a $8.00 price objective on shares of PennantPark Investment Corporation in a research note on Sunday, November 5th. BidaskClub raised shares of PennantPark Investment Corporation from a “sell” rating to a “hold” rating in a report on Friday, August 11th. Finally, J P Morgan Chase & Co raised shares of PennantPark Investment Corporation from a “neutral” rating to an “overweight” rating and increased their target price for the stock from $8.00 to $8.50 in a report on Wednesday, August 9th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and two have assigned a buy rating to the stock. PennantPark Investment Corporation has a consensus rating of “Hold” and a consensus target price of $8.07.

Shares of PennantPark Investment Corporation (PNNT) opened at $7.53 on Wednesday. The company has a current ratio of 4.54, a quick ratio of 4.54 and a debt-to-equity ratio of 0.84. PennantPark Investment Corporation has a fifty-two week low of $6.86 and a fifty-two week high of $8.68. The stock has a market cap of $536.51, a P/E ratio of 9.10, a price-to-earnings-growth ratio of 4.92 and a beta of 1.30.

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PennantPark Investment Corporation Profile

PennantPark Investment Corporation is a closed-end, non-diversified investment company. The Company is a business development company. Its objectives are to generate both current income and capital appreciation while seeking to preserve capital through debt and equity investments primarily made to the United States middle-market companies in the form of senior secured debt, mezzanine debt and equity investments.

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Institutional Ownership by Quarter for PennantPark Investment Corporation (NASDAQ:PNNT)

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