PennantPark Investment Corporation (PNNT) to Release Earnings on Monday
PennantPark Investment Corporation (NASDAQ:PNNT) will release its earnings data after the market closes on Monday, November 20th. Analysts expect PennantPark Investment Corporation to post earnings of $0.20 per share for the quarter.
PennantPark Investment Corporation (PNNT) opened at $7.49 on Monday. PennantPark Investment Corporation has a 1 year low of $6.86 and a 1 year high of $8.68. The company has a market cap of $532.25, a PE ratio of 9.02, a P/E/G ratio of 4.88 and a beta of 1.30. The company has a debt-to-equity ratio of 0.84, a quick ratio of 4.54 and a current ratio of 4.54.
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In other news, Chairman Arthur H. Penn bought 28,000 shares of the firm’s stock in a transaction on Tuesday, August 15th. The shares were purchased at an average cost of $7.62 per share, with a total value of $213,360.00. Following the acquisition, the chairman now directly owns 193,410 shares in the company, valued at $1,473,784.20. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. 1.90% of the stock is owned by company insiders.
An institutional investor recently bought a new position in PennantPark Investment Corporation stock. Northern Trust Corp purchased a new stake in shares of PennantPark Investment Corporation (NASDAQ:PNNT) during the 2nd quarter, according to its most recent disclosure with the SEC. The fund purchased 40,805 shares of the asset manager’s stock, valued at approximately $302,000. Hedge funds and other institutional investors own 41.90% of the company’s stock.
A number of research firms recently commented on PNNT. Jefferies Group LLC reaffirmed a “hold” rating and set a $8.00 price target on shares of PennantPark Investment Corporation in a research report on Sunday, November 5th. Zacks Investment Research lowered shares of PennantPark Investment Corporation from a “hold” rating to a “sell” rating in a report on Saturday, November 4th. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $8.50 target price on shares of PennantPark Investment Corporation in a report on Thursday, October 26th. BidaskClub lowered shares of PennantPark Investment Corporation from a “hold” rating to a “sell” rating in a report on Saturday, August 19th. Finally, J P Morgan Chase & Co raised shares of PennantPark Investment Corporation from a “neutral” rating to an “overweight” rating and raised their target price for the company from $8.00 to $8.50 in a report on Wednesday, August 9th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $8.07.
PennantPark Investment Corporation Company 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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