News articles about PennantPark Investment (NASDAQ:PNNT) have trended somewhat positive on Wednesday, according to Accern Sentiment Analysis. The research firm ranks the sentiment of media coverage by monitoring more than twenty million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. PennantPark Investment earned a daily sentiment score of 0.14 on Accern’s scale. Accern also assigned media headlines about the asset manager an impact score of 45.9024901447034 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.

PNNT has been the topic of several recent analyst reports. Zacks Investment Research cut PennantPark Investment from a “hold” rating to a “sell” rating in a research report on Wednesday, October 4th. TheStreet cut PennantPark Investment from a “b-” rating to a “c” rating in a research report on Wednesday, December 13th. Jefferies Group reaffirmed a “hold” rating and set a $8.00 price objective on shares of PennantPark Investment in a research report on Sunday, November 5th. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $8.50 price objective on shares of PennantPark Investment in a research report on Thursday, October 26th. Finally, ValuEngine raised PennantPark Investment from a “buy” rating to a “strong-buy” rating in a research report on Friday, December 1st. Two analysts have rated the stock with a sell rating, four have given a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $8.38.

PennantPark Investment (NASDAQ PNNT) traded down $0.11 during trading on Wednesday, hitting $6.91. The company had a trading volume of 264,200 shares, compared to its average volume of 395,290. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.66 and a quick ratio of 1.66. PennantPark Investment has a 12 month low of $6.67 and a 12 month high of $8.68. The stock has a market capitalization of $489.98, a PE ratio of 7.94, a PEG ratio of 4.83 and a beta of 1.27.

PennantPark Investment (NASDAQ:PNNT) last released its quarterly earnings data on Wednesday, November 29th. The asset manager reported $0.18 EPS for the quarter, missing the consensus estimate of $0.19 by ($0.01). PennantPark Investment had a net margin of 49.55% and a return on equity of 8.72%. The business had revenue of $27.87 million for the quarter, compared to analysts’ expectations of $29.19 million. During the same period last year, the business earned $0.21 earnings per share. The company’s quarterly revenue was down 13.3% on a year-over-year basis. research analysts anticipate that PennantPark Investment will post 0.73 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Tuesday, January 2nd. Shareholders of record on Tuesday, December 26th were given a $0.18 dividend. The ex-dividend date of this dividend was Friday, December 22nd. This represents a $0.72 annualized dividend and a yield of 10.42%. PennantPark Investment’s payout ratio is 82.76%.

In other news, CFO Aviv Efrat bought 10,000 shares of the company’s stock in a transaction on Monday, December 4th. The shares were acquired at an average cost of $7.14 per share, with a total value of $71,400.00. Following the completion of the transaction, the chief financial officer now owns 106,102 shares of the company’s stock, valued at approximately $757,568.28. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Chairman Arthur H. Penn bought 12,000 shares of the company’s stock in a transaction on Friday, December 1st. The stock was purchased at an average cost of $7.10 per share, for a total transaction of $85,200.00. Following the completion of the transaction, the chairman now directly owns 193,410 shares of the company’s stock, valued at approximately $1,373,211. The disclosure for this purchase can be found here. Insiders acquired 48,000 shares of company stock worth $344,280 over the last three months. Insiders own 2.00% of the company’s stock.

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About PennantPark Investment

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.

Insider Buying and Selling by Quarter for PennantPark Investment (NASDAQ:PNNT)

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