PennantPark Investment Corporation (PNNT)

NYSE: PNNT · IEX Real-Time Price · USD
6.88
+0.06 (0.88%)
At close: Mar 28, 2024, 4:00 PM
6.92
+0.04 (0.58%)
After-hours: Mar 28, 2024, 7:15 PM EDT

Company Description

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 products, business services, energy & Related Services and utilities, distribution, oil and gas, media, environmental services, aerospace and defense, building materials, capital equipment, chemicals, plastics, & rubber, food & beverage, wholesale, manufacturing and basic industries and retail.

It invests in equity securities and debt transactions through preferred stock, common stock, warrants, options, senior secured debt, subordinated debt, subordinated loans, first lien debt, mezzanine loans, and distressed debt securities and private equity co-investments.

It seeks to invest in companies based in the United States. The fund seeks to invest between $10 million and $100 million cross the capital structure (senior secured loans, subordinated debt, and other investments) in its portfolio companies with EBITDA between $10 to $50 million.

Its mezzanine loans, senior secured loans, and other investments in its portfolio companies are between $15 million and $50 million.

The fund may also make non-control equity and debt investments.

PennantPark Investment Corporation
PennantPark Investment logo
Country United States
IPO Date Apr 19, 2007
Industry Asset Management
Sector Financials
CEO Arthur Howard Penn

Contact Details

Address:
590 Madison Avenue, 15th Floor
New York, New York 10022
United States
Phone 212-905-1000
Website pennantpark.com

Stock Details

Ticker Symbol PNNT
Exchange NYSE
Fiscal Year October - September
Reporting Currency USD
CIK Code 0001383414
CUSIP Number 708062104
ISIN Number US7080621045
Employer ID 20-8250744

Key Executives

Name Position
Arthur Howard Penn Founder, Chairman, Managing Partner and Chief Executive Officer
Richard Thomas Allorto Jr., CPA Chief Financial Officer and Treasurer
Jose A. Briones Jr. Senior Partner, Portfolio Manager and Director
Matthew Visgilio Manager of Operations
Jeffrey Sion Corporate Counsel
Frank Robert Galea Chief Compliance Officer
Richard W. Van Houten Senior Vice President of Marketing
Sarah Kurash Director of Human Resources
Michael Appelbaum Partner of New York
Terence Clerkin Partner of Miami

Latest SEC Filings

Date Type Title
Mar 4, 2024 8-K Current Report
Feb 13, 2024 SC 13G/A [Amend] Statement of acquisition of beneficial ownership by individuals
Feb 9, 2024 8-K Current Report
Feb 7, 2024 10-Q Quarterly Report
Feb 7, 2024 8-K Current Report
Feb 2, 2024 8-K Current Report
Jan 4, 2024 8-K Current Report
Jan 3, 2024 8-K Current Report
Dec 13, 2023 DEF 14A Other definitive proxy statements
Dec 8, 2023 10-K Annual Report