PennantPark Investment Corporation (PNNT)

NYSE: PNNT · Real-Time Price · USD
6.78
-0.42 (-5.83%)
At close: Jan 17, 2025, 4:00 PM
6.81
+0.03 (0.44%)
After-hours: Jan 17, 2025, 7:41 PM EST
-5.83%
Market Cap 442.71M
Revenue (ttm) 143.82M
Net Income (ttm) 48.85M
Shares Out 65.30M
EPS (ttm) 0.75
PE Ratio 9.06
Forward PE 8.07
Dividend $0.92 (13.57%)
Ex-Dividend Date Jan 15, 2025
Volume 2,258,795
Open 6.90
Previous Close 7.20
Day's Range 6.71 - 6.93
52-Week Range 6.43 - 8.04
Beta 1.52
Analysts Hold
Price Target 6.00 (-11.5%)
Earnings Date Feb 10, 2025

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]

Sector Financials
IPO Date Apr 19, 2007
Country United States
Stock Exchange NYSE
Ticker Symbol PNNT
Full Company Profile

Financial Performance

Financial Statements

Analyst Forecast

According to 2 analysts, the average rating for PNNT stock is "Hold." The 12-month stock price forecast is $6.0, which is a decrease of -11.50% from the latest price.

Price Target
$6.0
(-11.50% downside)
Analyst Consensus: Hold
Stock Forecasts

News

PennantPark Investment Corporation Schedules Earnings Release of First Fiscal Quarter 2025 Results

MIAMI, Jan. 08, 2025 (GLOBE NEWSWIRE) -- PennantPark Investment Corporation (the "Company") (NYSE: PNNT) announced that it will report results for the first fiscal quarter ended December 31, 2024 on M...

12 days ago - GlobeNewsWire

PennantPark Investment Corporation Announces Monthly Distribution of $0.08 per Share

MIAMI, Jan. 03, 2025 (GLOBE NEWSWIRE) -- PennantPark Investment Corporation (the "Company") (NYSE: PNNT) declares its monthly distribution for January 2025 of $0.08 per share, payable on February 3, 2...

17 days ago - GlobeNewsWire

PennantPark Investment Corporation's Unconsolidated Joint Venture, PennantPark Senior Loan Fund, LLC Completes $400 Million CLO, Marking Continued Momentum in PennantPark's Middle Market CLO Platform with 10 CLOs Under Management

MIAMI, Jan. 02, 2025 (GLOBE NEWSWIRE) -- PennantPark Investment Corporation (the “Company”) (NYSE: PNNT) announced that PennantPark Senior Loan Fund, LLC (“PSLF”) through its wholly-owned and consolid...

18 days ago - GlobeNewsWire

PennantPark Investment: I've Never Seen So Complex And Speculative Structure

PNNT trades at a ~10% discount and offers a yield of ~14%. It has also performed in line with the BDC index this year. While this sounds interesting, it is a clear no-go case.

25 days ago - Seeking Alpha

PennantPark Investment: Weak Dividend Coverage Is A Concern (Rating Downgrade)

PennantPark Investment Corporation's recent dividends were not fully covered by net investment income, leading me to revise my rating from buy to hold. PNNT has a well-diversified portfolio but has si...

6 weeks ago - Seeking Alpha

PennantPark Investment Corporation (PNNT) Q4 2024 Earnings Call Transcript

PennantPark Investment Corporation (NYSE:PNNT) Q4 2024 Results Conference Call November 26, 2024 12:00 PM ET Company Participants Art Penn - Chairman and Chief Executive Officer Rick Allorto - Chief ...

7 weeks ago - Seeking Alpha

PennantPark Investment Corporation Announces Financial Results for the Fourth Quarter and Fiscal Year Ended September 30, 2024 and Upsize of Joint Venture (Amended)

Explanatory Note: PennantPark Investment Corporation (the “Company”) is updating the press release issued by the Company on November 25, 2024 to correct certain information contained therein. The upda...

2 months ago - GlobeNewsWire

PennantPark Investment Corporation Announces Financial Results for the Fourth Quarter and Fiscal Year Ended September 30, 2024 and Upsize of Joint Venture

MIAMI, Nov. 25, 2024 (GLOBE NEWSWIRE) -- PennantPark Investment Corporation (NYSE: PNNT) (the "Company") announced today financial results for the fourth quarter and fiscal year ended September 30, 20...

2 months ago - GlobeNewsWire

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...

3 months ago - Seeking Alpha

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...

Other symbols: TRIN
3 months ago - Seeking Alpha

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...

3 months ago - GlobeNewsWire

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 ...

Other symbols: MAINTRIN
4 months ago - Seeking Alpha

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”...

4 months ago - GlobeNewsWire

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...

5 months ago - Seeking Alpha

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...

5 months ago - Seeking Alpha

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.

5 months ago - GlobeNewsWire

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-...

6 months ago - Seeking Alpha

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...

Other symbols: GLADSAR
6 months ago - Seeking Alpha

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 ...

7 months ago - Seeking Alpha

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...

7 months ago - GlobeNewsWire

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% ...

Other symbols: FSKHGTYSARTIGR
8 months ago - Benzinga

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 ...

8 months ago - Seeking Alpha

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...

9 months ago - Seeking Alpha

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.

9 months ago - GlobeNewsWire

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...

9 months ago - GlobeNewsWire