PennantPark Investment Corporation is a business development company. It 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 building and real estate, hotels and gaming, electronics, healthcare, education and childcare, financial services, printing and publishing, consumer products, business services, energy and utilities, distribution, oil and gas, media, environmental services, aerospace and defense, manufacturing industries and retail. It invests in equity securities and debt transactions through preferred stock, common stock, warrants, options, subordinated loans, mezzanine loans, and senior secured loans. It seeks to invest in companies based in the United States. The fund seeks to invest between $10 million and $50 million in its portfolio companies. 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.
IPO Year: 2022
Exchange: NASDAQ
Website: pennantpark.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 11/27/2024 | Buy → Neutral | Ladenburg Thalmann | |
| 9/9/2024 | $6.00 | Sell → Neutral | Compass Point |
| 7/15/2024 | $6.50 | Neutral → Sell | Compass Point |
| 5/10/2024 | Outperform → Mkt Perform | Raymond James | |
| 8/15/2023 | $6.75 | Buy → Neutral | Compass Point |
| 2/9/2023 | $7.00 → $5.50 | Outperform → Mkt Perform | Keefe Bruyette |
| 2/11/2022 | $8.00 → $9.00 | Outperform | Raymond James |
| 11/19/2021 | $6.50 → $7.50 | Underweight → Neutral | JP Morgan |
| 7/9/2021 | $7.50 | Perform | Oppenheimer |
| 7/9/2021 | Perform | Oppenheimer |
4 - PENNANTPARK INVESTMENT CORP (0001383414) (Issuer)
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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 Monday, February 10, 2025 after the close of the financial markets. The Company will also host a conference call at 12:00 p.m. (Eastern Time) on Tuesday, February 11, 2025 to discuss its financial results. All interested parties are welcome to participate. You can access the conference call by dialing toll-free (888) 394-8218 approximately 5-10 minutes prior to the call. International callers should dial (646) 828-8193. All callers should reference conference ID #9452525 or PennantPark Invest
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, 2025 to stockholders of record as of January 15, 2025. The distribution is expected to be paid from taxable net investment income. The final specific tax characteristics of the distribution will be reported to stockholders on Form 1099 after the end of the calendar year and in the Company's periodic report filed with the Securities and Exchange Commission. ABOUT PENNANTPARK INVESTMENT CORPORATION PennantPark Investment Corporation is a business development company which primarily invests in U.
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 consolidated subsidiary, PennantPark CLO X, LLC ("CLO X") has closed a four-year reinvestment period, twelve-year final maturity, $400.5 million debt securitization in the form of a collateralized loan obligation ("CLO"). The debt issued in the CLO (the " Debt") is structured in the following manner: ClassPar Amount($ in millions) % of Capital StructureCouponExpected Rating(S&P)Issuance PriceClass A-1 Notes$158,000,000 39%3 Mo SOFR + 1.59%AAA100.0%Class A-1 Loan30,000,000 7%3 Mo SOFR + 1.59%AAA100.0%C
MIAMI, Dec. 03, 2024 (GLOBE NEWSWIRE) -- PennantPark Investment Corporation (the "Company") (NYSE:PNNT) declares its monthly distribution for December 2024 of $0.08 per share, payable on January 2, 2025 to stockholders of record as of December 16, 2024. The distribution is expected to be paid from taxable net investment income. The final specific tax characteristics of the distribution will be reported to stockholders on Form 1099 after the end of the calendar year and in the Company's periodic report filed with the Securities and Exchange Commission. ABOUT PENNANTPARK INVESTMENT CORPORATION PennantPark Investment Corporation is a business development company which primarily invests
Explanatory Note: PennantPark Investment Corporation (the "Company") is updating the press release issued by the Company on November 25, 2024 to correct certain information contained therein. The updated release reads: MIAMI, Nov. 25, 2024 (GLOBE NEWSWIRE) -- PennantPark Investment Corporation (NYSE:PNNT) (the "Company") announced today financial results for the fourth quarter and fiscal year ended September 30, 2024. HIGHLIGHTS Year ended September 30, 2024 ($ in millions, except per share amounts) Assets and Liabilities: Investment portfolio (1) $1,328.1 Net assets $493.9 Adjusted net asset value per share (2) $7.56 Quarterly increase in adjusted net asset value per share
MIAMI, Nov. 25, 2024 (GLOBE NEWSWIRE) -- PennantPark Investment Corporation (NYSE:PNNT) (the "Company") announced today financial results for the fourth quarter and fiscal year ended September 30, 2024. HIGHLIGHTS Year ended September 30, 2024 ($ in millions, except per share amounts) Assets and Liabilities: Investment portfolio (1) $1,328.1 Net assets $493.9 Adjusted net asset value per share (2) $7.56 Quarterly increase in adjusted net asset value per share (2) 0.5%GAAP net asset value per share $7.56 Quarterly increase in GAAP net asset value per share 0.5% Credit Facility $460.4 2026 Notes $148.6 2026-2 Notes $163.1 Regulatory Debt to Equity 1.58x Weig
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, 2024 to stockholders of record as of November 15, 2024. The distribution is expected to be paid from taxable net investment income. The final specific tax characteristics of the distribution will be reported to stockholders on Form 1099 after the end of the calendar year and in the Company's periodic report filed with the Securities and Exchange Commission. ABOUT PENNANTPARK INVESTMENT CORPORATION PennantPark Investment Corporation is a business development company which primarily invests
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 Monday, November 25, 2024 after the close of the financial markets. The Company will also host a conference call at 12:00 p.m. (Eastern Time) on Tuesday, November 26, 2024 to discuss its financial results. All interested parties are welcome to participate. You can access the conference call by dialing toll-free (888) 394-8218 approximately 5-10 minutes prior to the call. International callers should dial (646) 828-8193. All callers should reference conference ID #3424889 or PennantPark Invest
MIAMI, Oct. 02, 2024 (GLOBE NEWSWIRE) -- PennantPark Investment Corporation (the "Company") (NYSE:PNNT) declares its monthly distribution for October 2024 of $0.08 per share, payable on November 1, 2024 to stockholders of record as of October 16, 2024. The distribution is expected to be paid from taxable net investment income. The final specific tax characteristics of the distribution will be reported to stockholders on Form 1099 after the end of the calendar year and in the Company's periodic report filed with the Securities and Exchange Commission. ABOUT PENNANTPARK INVESTMENT CORPORATION PennantPark Investment Corporation is a business development company which primarily invests in U.
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") (NYSE:PNNT) today announced it has agreed to expand its investment in PennantPark Senior Loan Fund, LLC ("PSLF" or the "JV"), its unconsolidated joint venture with the private credit investment business of Pantheon Ventures (UK) LLP ("Pantheon"). This strategic transaction further strengthens the partnership between PNNT and Pantheon, which was put into place over four years ago, and has generated strong returns to date. PNNT has agreed to invest an additional $52.5 million in capital, an
Ladenburg Thalmann downgraded PennantPark Investment from Buy to Neutral
Compass Point upgraded PennantPark Investment from Sell to Neutral and set a new price target of $6.00
Compass Point downgraded PennantPark Investment from Neutral to Sell and set a new price target of $6.50
Raymond James downgraded PennantPark Investment from Outperform to Mkt Perform
Compass Point downgraded PennantPark Investment from Buy to Neutral and set a new price target of $6.75
Keefe Bruyette downgraded PennantPark Investment from Outperform to Mkt Perform and set a new price target of $5.50 from $7.00 previously
Raymond James reiterated coverage of Pennant Park Investment with a rating of Outperform and set a new price target of $9.00 from $8.00 previously
JP Morgan upgraded Pennant Park Investment from Underweight to Neutral and set a new price target of $7.50 from $6.50 previously
Oppenheimer initiated coverage of Pennant Park Investment with a rating of Perform and set a new price target of $7.50
Oppenheimer initiated coverage of Pennant Investment with a rating of Perform
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MIAMI, Jan. 08, 2025 (GLOBE NEWSWIRE) -- PennantPark Investment Corporation (the "Company") (NYSE:PNNT) announced that it will report results for the first fiscal quarter ended December 31, 2024 on Monday, February 10, 2025 after the close of the financial markets. The Company will also host a conference call at 12:00 p.m. (Eastern Time) on Tuesday, February 11, 2025 to discuss its financial results. All interested parties are welcome to participate. You can access the conference call by dialing toll-free (888) 394-8218 approximately 5-10 minutes prior to the call. International callers should dial (646) 828-8193. All callers should reference conference ID #9452525 or PennantPark Invest
Explanatory Note: PennantPark Investment Corporation (the "Company") is updating the press release issued by the Company on November 25, 2024 to correct certain information contained therein. The updated release reads: MIAMI, Nov. 25, 2024 (GLOBE NEWSWIRE) -- PennantPark Investment Corporation (NYSE:PNNT) (the "Company") announced today financial results for the fourth quarter and fiscal year ended September 30, 2024. HIGHLIGHTS Year ended September 30, 2024 ($ in millions, except per share amounts) Assets and Liabilities: Investment portfolio (1) $1,328.1 Net assets $493.9 Adjusted net asset value per share (2) $7.56 Quarterly increase in adjusted net asset value per share
MIAMI, Nov. 25, 2024 (GLOBE NEWSWIRE) -- PennantPark Investment Corporation (NYSE:PNNT) (the "Company") announced today financial results for the fourth quarter and fiscal year ended September 30, 2024. HIGHLIGHTS Year ended September 30, 2024 ($ in millions, except per share amounts) Assets and Liabilities: Investment portfolio (1) $1,328.1 Net assets $493.9 Adjusted net asset value per share (2) $7.56 Quarterly increase in adjusted net asset value per share (2) 0.5%GAAP net asset value per share $7.56 Quarterly increase in GAAP net asset value per share 0.5% Credit Facility $460.4 2026 Notes $148.6 2026-2 Notes $163.1 Regulatory Debt to Equity 1.58x Weig
MIAMI, Oct. 03, 2024 (GLOBE NEWSWIRE) -- PennantPark Investment Corporation (the "Company") (NYSE:PNNT) announced that it will report results for the fourth fiscal quarter ended September 30, 2024 on Monday, November 25, 2024 after the close of the financial markets. The Company will also host a conference call at 12:00 p.m. (Eastern Time) on Tuesday, November 26, 2024 to discuss its financial results. All interested parties are welcome to participate. You can access the conference call by dialing toll-free (888) 394-8218 approximately 5-10 minutes prior to the call. International callers should dial (646) 828-8193. All callers should reference conference ID #3424889 or PennantPark Invest
MIAMI, Aug. 07, 2024 (GLOBE NEWSWIRE) -- PennantPark Investment Corporation (NYSE:PNNT) announced today its financial results for the third quarter ended June 30, 2024. HIGHLIGHTS Quarter ended June 30, 2024 (unaudited)($ in millions, except per share amounts) Assets and Liabilities: Investment portfolio (1)$1,259.9 Net assets$491.2 GAAP net asset value per share$7.52 Quarterly decrease in GAAP net asset value per share (2.2)%Adjusted net asset value per share (2)$7.52 Quarterly increase in adjusted net asset value per share (2) (2.2)% Credit Facility$446.6 2026 Notes$148.3 2026-2 Notes$162.9 Regulatory debt to equity1.56x Weighted average yield on debt
MIAMI, July 03, 2024 (GLOBE NEWSWIRE) -- PennantPark Investment Corporation (the "Company") (NYSE:PNNT) announced that it will report results for the third fiscal quarter ended June 30, 2024 on Wednesday, August 7, 2024 after the close of the financial markets. The Company will also host a conference call at 12:00 p.m. (Eastern Time) on Thursday, August 8, 2024 to discuss its financial results. All interested parties are welcome to participate. You can access the conference call by dialing toll-free (888) 394-8218 approximately 5-10 minutes prior to the call. International callers should dial (646) 828-8193. All callers should reference conference ID #5909521 or PennantPark Investment Cor
MIAMI, May 08, 2024 (GLOBE NEWSWIRE) -- PennantPark Investment Corporation (NYSE:PNNT) announced today its financial results for the second quarter ended March 31, 2024. HIGHLIGHTS Quarter ended March 31, 2024 (unaudited)($ in millions, except per share amounts) Assets and Liabilities: Investment portfolio(1)$1,238.2 Net assets$501.5 GAAP net asset value per share$7.69 Quarterly increase in GAAP net asset value per share 0.5%Adjusted net asset value per share(2)$7.69 Quarterly increase in adjusted net asset value per share(2) 0.5% Credit Facility$392.5 2026 Notes$148.1 2026-2 Notes$162.7 Regulatory debt to equity1.42x Weighted average yield on debt inve
MIAMI, April 03, 2024 (GLOBE NEWSWIRE) -- PennantPark Investment Corporation (the "Company") (NYSE:PNNT) announced that it will report results for the second fiscal quarter ended March 31, 2024 on Wednesday, May 8, 2024 after the close of the financial markets. The Company will also host a conference call at 12:00 p.m. (Eastern Time) on Thursday, May 9, 2024 to discuss its financial results. All interested parties are welcome to participate. You can access the conference call by dialing toll-free (888) 256-1007 approximately 5-10 minutes prior to the call. International callers should dial (929) 477-0448. All callers should reference conference ID #4002649 or PennantPark Investment
MIAMI, Feb. 07, 2024 (GLOBE NEWSWIRE) -- PennantPark Investment Corporation (NYSE:PNNT) announced today its financial results for the first quarter ended December 31, 2023. HIGHLIGHTS Quarter ended December 31, 2023 (unaudited)($ in millions, except per share amounts) Assets and Liabilities: Investment portfolio (1) $1,210.8 Net assets $499.1 GAAP net asset value per share $7.65 Quarterly decrease in GAAP net asset value per share (0.6)%Adjusted net asset value per share (2) $7.65 Quarterly decrease in adjusted net asset value per share (2) (0.6)% Credit Facility $385.0 2026 Notes $147.9 2026-2 Notes $162.4 Regulatory debt to equity 1.41x W
MIAMI, Jan. 04, 2024 (GLOBE NEWSWIRE) -- PennantPark Investment Corporation (the "Company") (NYSE:PNNT) announced that it will report results for the first fiscal quarter ended December 31, 2023 on Wednesday, February 7, 2024 after the close of the financial markets. The Company will also host a conference call at 12:00 p.m. (Eastern Time) on Thursday, February 8, 2024 to discuss its financial results. All interested parties are welcome to participate. You can access the conference call by dialing toll-free (888) 394-8218 approximately 5-10 minutes prior to the call. International callers should dial (646) 828-8193. All callers should reference conference ID #2627395 or PennantPark Invest
MIAMI, May 06, 2022 (GLOBE NEWSWIRE) -- PennantPark Investment Corporation (the "Company") (NYSE:PNNT) announced today the appointment of Mr. José A. Briones, Jr. to the Company's Board of Directors, effective May 3, 2022. Mr. Briones is a Senior Partner at PennantPark Investment Advisers, LLC ("PennantPark"). His appointment brings the Company's Board of Directors to six members. "On behalf of the Company's Board of Directors and PennantPark, I am delighted to welcome José to the Company's Board of Directors. José has been instrumental to our success, and we look forward to his contributions for many years ahead," said Art Penn, Chairman and CEO. "Our firm continues to provide investors
NEW YORK, June 21, 2021 (GLOBE NEWSWIRE) -- PennantPark Investment Corporation (NASDAQ:PNNT) ("we," "our," "PNNT" or the "Company") announced today that it has appointed Richard Cheung as its Chief Financial Officer and Treasurer, effective June 21, 2021. Mr. Cheung most recently served as Senior Managing Director and Head of Alternative Investment Accounting at Guggenheim Partners, LLC ("Guggenheim"), where he has served in various roles since 2008. Prior to joining Guggenheim in 2008, Mr. Cheung spent the majority of his career at Ernst & Young LLP in its financial services industry practice where he managed audits for a variety of funds. Mr. Cheung holds a B.S. in Accounting and Financ