PennantPark Investment Corporation (PNNT)
| Market Cap | 455.11M |
| Revenue (ttm) | 141.36M |
| Net Income (ttm) | 42.75M |
| Shares Out | 65.30M |
| EPS (ttm) | 0.66 |
| PE Ratio | 10.64 |
| Forward PE | 7.92 |
| Dividend | $0.96 (13.77%) |
| Ex-Dividend Date | Nov 15, 2024 |
| Volume | 448,425 |
| Open | 7.04 |
| Previous Close | 7.03 |
| Day's Range | 6.91 - 7.05 |
| 52-Week Range | 6.31 - 8.04 |
| Beta | 1.57 |
| Analysts | Hold |
| Price Target | 6.00 (-13.92%) |
| Earnings Date | Nov 25, 2024 |
About PNNT
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 produc... [Read more]
Financial Performance
In 2023, PennantPark Investment's revenue was $145.37 million, an increase of 38.49% compared to the previous year's $104.97 million. Losses were -$33.81 million, 36.6% more than in 2022.
Financial StatementsAnalyst Forecast
According to one analyst, the rating for PNNT stock is "Hold" and the 12-month stock price forecast is $6.0.
News
PennantPark Investment Corporation Announces Monthly Distribution of $0.08 per Share
MIAMI, Nov. 04, 2024 (GLOBE NEWSWIRE) -- PennantPark Investment Corporation (the "Company") (NYSE: PNNT) declares its monthly distribution for November 2024 of $0.08 per share, payable on December 2, ...
PennantPark Investment: Questionable Distribution Coverage (Downgrade)
I am downgrading my rating on PennantPark Investment Corporation due to weak distribution coverage and a rising non-accrual rate, indicating lower portfolio quality. Despite a high dividend yield of 1...
2 BDCs That Recently Hiked Dividends But Should Not Do That Again
The short- to medium-term outlook for BDCs is challenging due to low M&A activity, high corporate distress, and yield compression from decreasing interest rates. To avoid income reduction risk, invest...
PennantPark Investment Corporation Schedules Earnings Release of Fourth Fiscal Quarter 2024 Results
MIAMI, Oct. 03, 2024 (GLOBE NEWSWIRE) -- PennantPark Investment Corporation (the "Company") (NYSE: PNNT) announced that it will report results for the fourth fiscal quarter ended September 30, 2024 on...
BDC Weekly Review: Common Shareholders Don't Always Have Claim To All Of NII
We take a look at the action in business development companies through the first week of September and highlight some of the key themes we are watching. BDCs were down around 1% this week, with lower ...
PennantPark Investment Corporation Announces Upsize of Joint Venture
Joint Venture to Continue to Target the Attractive Core Middle Market Joint Venture Is Generating Strong Returns NEW YORK, Sept. 05, 2024 (GLOBE NEWSWIRE) -- PennantPark Investment Corporation (“PNNT”...
PennantPark Investment Corp: Dividend Likely At Cyclical Peak (Rating Downgrade)
Q3 and YTD results show a decline in investment income and NAV per share, with a focus on maintaining a balance between dividends and liquidity. Dividend situation is at its highest in almost a decade...
PennantPark Investment Corporation (PNNT) Q3 2024 Earnings Call Transcript
PennantPark Investment Corporation (NYSE:PNNT) Q3 2024 Results Conference Call August 8, 2024 12:00 PM ET Company Participants Art Penn - Founder, Chairman, Managing Partner & CEO Rick Allorto - Chie...
PennantPark Investment Corporation Announces Financial Results for the Quarter Ended June 30, 2024
MIAMI, Aug. 07, 2024 (GLOBE NEWSWIRE) -- PennantPark Investment Corporation (NYSE: PNNT) announced today its financial results for the third quarter ended June 30, 2024.
81 Monthly Paid Dividend Stocks And 80 MoPay Funds For July
Imagine stocks and funds paying you dividends monthly! Unlike waiting for quarterly, semi-annual, or (ugh) annual payouts, your angst awaiting money is reduced 300%, or more! These July U.S. exchange-...
BDC Weekly Review: Early Earnings Guidance Is Bullish For The Sector
We take a look at the action in business development companies through the second week of July and highlight some of the key themes we are watching. BDCs had a solid week with an 0.8% average total re...
PennantPark Investment: Interest Rate Pressure Increases Non-Accruals
PennantPark is a business development company, targeting profitable investments with steady cash flows, offering a 12.6% dividend yield. The price now trades at a less favorable discount to net asset ...
PennantPark Investment Corporation Schedules Earnings Release of Third Fiscal Quarter 2024 Results
MIAMI, July 03, 2024 (GLOBE NEWSWIRE) -- PennantPark Investment Corporation (the "Company") (NYSE: PNNT) announced that it will report results for the third fiscal quarter ended June 30, 2024 on Wedne...
Top 5 Financial Stocks That May Collapse This Quarter
This is what Nic Chahine averages with his options buys. Not selling covered calls or spreads... BUYING options. Most traders don't even have a winning percentage of 27% buying options. He has an 83% ...
PennantPark Investment: Dividend Increase Shows Confidence, But Investors Should Remain Speculative
PennantPark Investment Corp. reported Q2 earnings with net investment income below consensus but showed modest growth in their overall portfolio. The company has a solid portfolio quality but saw its ...
PennantPark Investment Corporation (PNNT) Q2 2024 Earnings Call Transcript
PennantPark Investment Corporation (NYSE:PNNT) Q2 2024 Earnings Conference Call May 9, 2024 12:00 PM ET Company Participants Art Penn - Chairman and CEO Rick Allorto - CFO Conference Call Participant...
PennantPark Investment Corporation Announces 14.3% Increase of Its Monthly Distribution to $0.08 per share and Financial Results for the Quarter Ended March 31, 2024
MIAMI, May 08, 2024 (GLOBE NEWSWIRE) -- PennantPark Investment Corporation (NYSE: PNNT) announced today its financial results for the second quarter ended March 31, 2024.
PennantPark Investment Corporation Announces Monthly Distribution of $0.07 per Share
MIAMI, May 02, 2024 (GLOBE NEWSWIRE) -- PennantPark Investment Corporation (the "Company") (NYSE: PNNT) declares its monthly distribution for May 2024 of $0.07 per share, payable on June 3, 2024 to st...
84 Monthly Paid Dividend Stocks And 80 Funds For April
Imagine stocks & funds that pay dividends monthly! Unlike waiting for quarterly, semi-annual, or (ugh) annual payouts, your angst awaiting money is alleviated by 300%, or more! These April U.S. exchan...
PennantPark Investment Corporation Schedules Earnings Release of Second Fiscal Quarter 2024 Results
MIAMI, April 03, 2024 (GLOBE NEWSWIRE) -- PennantPark Investment Corporation (the "Company") (NYSE: PNNT) announced that it will report results for the second fiscal quarter ended March 31, 2024 on We...
PennantPark Investment: Higher Yielding Monthly Distribution, But Lower Total Return
PNNT provides investors with a high dividend yield of 12% and monthly distributions. However, I believe that income is likely to be affected by future rate cuts. The debt investment portfolio mostly c...
82 Monthly Paid Dividend Stocks And 80 Funds For March
Imagine stocks or funds that pay-out their dividends monthly! Unlike waiting for quarterly, semi-annual, or (ugh) annual payouts, your angst awaiting money is reduced by 300%, or more! These March U.S...
PennantPark Investment: From Suboptimal To Completely Unattractive Investment
PNNT's Q1, 2024 earnings report exceeded expectations on core NII, but broke the momentum in NII growth. On the surface, the key performance metrics (e.g., non-accruals, net investment volumes) remain...
77 Monthly Paid Dividend Stocks And 80 Funds For February
Imagine stocks or funds that pay-out their dividends once-a-month! Unlike waiting for quarterly, semi-annual or (ugh) annual payouts, your angst awaiting money is reduced by 300%, or more!
PennantPark Investment Remains Attractive After Solid Q4 Results
Credit quality remained strong, although the company thought if base rates remain high it could see some pressure.