PennantPark Investment Corporation (PNNT)
| Market Cap | 466.21M |
| Revenue (ttm) | 143.69M |
| Net Income (ttm) | 54.28M |
| Shares Out | 65.30M |
| EPS (ttm) | 0.83 |
| PE Ratio | 8.58 |
| Forward PE | 9.08 |
| Dividend | $0.94 (13.16%) |
| Ex-Dividend Date | Mar 14, 2025 |
| Volume | 235,080 |
| Open | 7.14 |
| Previous Close | 7.11 |
| Day's Range | 7.10 - 7.16 |
| 52-Week Range | 6.43 - 8.04 |
| Beta | 1.52 |
| Analysts | Hold |
| Price Target | 6.00 (-16.03%) |
| Earnings Date | May 7, 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]
Financial Performance
Financial StatementsAnalyst 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 -16.03% from the latest price.
News
The Moment Of Truth For BDC Dividend Investors Is Close
As a structural BDC bull I have to admit that the period of BDCs consistently surprising us on the upside has come to an end. Many lower quality BDCs have already cut their dividends to sync their cas...
Two 9%+ Dividends Going From Bargains To Screaming Buys
The market has become more volatile. As it is usually the case, higher volatility tends to open interesting opportunity for long-term investors. In this article, I discuss two 9%+ yielding picks, whic...
PennantPark Investment Corporation Announces Monthly Distribution of $0.08 per Share
MIAMI, March 04, 2025 (GLOBE NEWSWIRE) -- PennantPark Investment Corporation (the "Company") (NYSE: PNNT) declares its monthly distribution for March 2025 of $0.08 per share, payable on April 1, 2025 ...
BDC Dividend Cut Party Has Begun, Here Are Next 2 In Line
BDC Dividend Cut Party Has Begun, Here Are Next 2 In Line
PennantPark Investment: Dividend Cut May Not Happen After All (Rating Upgrade)
PennantPark Investment's dividend coverage is bolstered by two years' worth of undistributed spillover income, but net investment income remains insufficient to support the base distribution. PNNT's p...
PennantPark Investment: My Highest Conviction No-Go In The BDC Space
PennantPark Investment trades at a discount of ~5%. While the discount certainly makes the entry point interesting, the real question is whether the discount is enough to justify the risks. Looking at...
PennantPark Investment Corporation (PNNT) Q1 2025 Earnings Call Transcript
PennantPark Investment Corporation (NYSE:PNNT) Q1 2025 Earnings Conference Call February 11, 2025 12:00 PM ET Company Participants Art Penn - Chairman & Chief Executive Officer Rick Allorto - Chief F...
PennantPark Investment Corporation Announces Financial Results for the Quarter Ended December 31, 2024
MIAMI, Feb. 10, 2025 (GLOBE NEWSWIRE) -- PennantPark Investment Corporation (NYSE: PNNT) announced today its financial results for the first quarter ended December 31, 2024.
BDC Weekly Review: OBDC Consummates Merger, Delivering Alpha To OBDE Holders
We take a look at the action in business development companies through the third week of January and highlight some of the key themes we are watching. BDCs had a strong week with a 3% total return, bo...
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...
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...
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.
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...
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 ...
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...
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...
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-...