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 |
|---|---|---|---|
| 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 | $7.50 | Perform | Oppenheimer |
| 7/9/2021 | Perform | Oppenheimer |
MIAMI, Oct. 03, 2024 (GLOBE NEWSWIRE) -- PennantPark Investment Corporation (the "Company") (NYSE:PNNT) announced that it will report results for the fourth fiscal quarter ended September 30, 2024 on Monday, November 25, 2024 after the close of the financial markets. The Company will also host a conference call at 12:00 p.m. (Eastern Time) on Tuesday, November 26, 2024 to discuss its financial results. All interested parties are welcome to participate. You can access the conference call by dialing toll-free (888) 394-8218 approximately 5-10 minutes prior to the call. International callers should dial (646) 828-8193. All callers should reference conference ID #3424889 or PennantPark Invest
MIAMI, Aug. 07, 2024 (GLOBE NEWSWIRE) -- PennantPark Investment Corporation (NYSE:PNNT) announced today its financial results for the third quarter ended June 30, 2024. HIGHLIGHTS Quarter ended June 30, 2024 (unaudited)($ 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 $162.4 Regulatory debt to equity 1.41x W
MIAMI, Jan. 04, 2024 (GLOBE NEWSWIRE) -- PennantPark Investment Corporation (the "Company") (NYSE:PNNT) announced that it will report results for the first fiscal quarter ended December 31, 2023 on Wednesday, February 7, 2024 after the close of the financial markets. The Company will also host a conference call at 12:00 p.m. (Eastern Time) on Thursday, February 8, 2024 to discuss its financial results. All interested parties are welcome to participate. You can access the conference call by dialing toll-free (888) 394-8218 approximately 5-10 minutes prior to the call. International callers should dial (646) 828-8193. All callers should reference conference ID #2627395 or PennantPark Invest
MIAMI, Nov. 15, 2023 (GLOBE NEWSWIRE) -- PennantPark Investment Corporation (NYSE:PNNT) announced today financial results for the fourth quarter and fiscal year ended September 30, 2023. HIGHLIGHTS Year ended September 30, 2023 - Unaudited ($ in millions, except per share amounts) Assets and Liabilities: Investment portfolio(1) $1,001.9 Net assets $502.2 Adjusted net asset value per share(2) $7.70 Quarterly increase in adjusted net asset value per share(2) 0.4%GAAP net asset value per share $7.70 Quarterly decrease in GAAP net asset value per share (0.3)% Credit Facility $206.9 2026 Notes $147.7 2026-2 Notes $162.2 Regulatory Debt to Equit
MIAMI, Oct. 13, 2023 (GLOBE NEWSWIRE) -- PennantPark Investment Corporation (the "Company") (NYSE:PNNT) announced that it will report results for the fourth fiscal quarter ended September 30, 2023 on Wednesday, November 15, 2023 after the close of the financial markets. The Company will also host a conference call at 12:00 p.m. (Eastern Time) on Thursday, November 16, 2023 to discuss its financial results. All interested parties are welcome to participate. You can access the conference call by dialing toll-free (888) 394-8218 approximately 5-10 minutes prior to the call. International callers should dial (646) 828-8193. All callers should reference conference ID #8396733 or PennantPark
MIAMI, Aug. 09, 2023 (GLOBE NEWSWIRE) -- PennantPark Investment Corporation (NYSE:PNNT) announced today its financial results for the third quarter ended June 30, 2023. HIGHLIGHTS Quarter ended June 30, 2023 (unaudited) ($ in millions, except per share amounts) Operating Results: Net investment income $23.0 Net investment income per share $0.35 Core net investment income per share (3) $0.22 Distributions declared per share $0.20 Assets and Liabilities: Investment portfolio (1) $1,075.9 Net assets $503.6 GAAP net asset value per share $7.72 Quarterly increase in GAAP net asset value per share 1.6%Adjusted net asset value per share (2) $7.67 Quarterly increase in adjusted net ass
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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
MIAMI, Sept. 04, 2024 (GLOBE NEWSWIRE) -- PennantPark Investment Corporation (the "Company") (NYSE:PNNT) declares its monthly distribution for September 2024 of $0.08 per share, payable on October 1, 2024 to stockholders of record as of September 16, 2024. The distribution is expected to be paid from taxable net investment income. The final specific tax characteristics of the distribution will be reported to stockholders on Form 1099 after the end of the calendar year and in the Company's periodic report filed with the Securities and Exchange Commission. ABOUT PENNANTPARK INVESTMENT CORPORATION PennantPark Investment Corporation is a business development company which primarily invests i
MIAMI, Aug. 07, 2024 (GLOBE NEWSWIRE) -- PennantPark Investment Corporation (NYSE:PNNT) announced today its financial results for the third quarter ended June 30, 2024. HIGHLIGHTS Quarter ended June 30, 2024 (unaudited)($ 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, Aug. 02, 2024 (GLOBE NEWSWIRE) -- PennantPark Investment Corporation (the "Company") (NYSE:PNNT) declares its monthly distribution for August 2024 of $0.08 per share, payable on September 3, 2024 to stockholders of record as of August 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.S
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, July 02, 2024 (GLOBE NEWSWIRE) -- PennantPark Investment Corporation (the "Company") (NYSE:PNNT) declares its monthly distribution for July 2024 of $0.08 per share, payable on August 1, 2024 to stockholders of record as of July 15, 2024. The distribution is expected to be paid from taxable net investment income. The final specific tax characteristics of the distribution will be reported to stockholders on Form 1099 after the end of the calendar year and in the Company's periodic report filed with the Securities and Exchange Commission. ABOUT PENNANTPARK INVESTMENT CORPORATION PennantPark Investment Corporation is a business development company which primarily invests in U.S. middl
MIAMI, May 08, 2024 (GLOBE NEWSWIRE) -- PennantPark Investment Corporation (NYSE:PNNT) announced today its financial results for the second quarter ended March 31, 2024. HIGHLIGHTS Quarter ended March 31, 2024 (unaudited)($ 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
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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
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
JMP Securities initiated coverage of PennantPark Investment with a rating of Market Perform
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Compass Point analyst Casey Alexander downgrades Pennant Park Investment (NYSE:PNNT) from Neutral to Sell and announces $6.5 price target.
As of June 10, 2024, five stocks in the financial sector could be flashing a real warning to investors who value momentum as a key criteria in their trading decisions. The RSI is a momentum indicator, which compares a stock’s strength on days when prices go up to its strength on days when prices go down. When compared to a stock’s price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered overbought when the RSI is above 70, according to Benzinga Pro. Here's the latest list of major overbought players in this sector. UP Fintech Holding Ltd (NASDAQ:TIGR) On June 5, UP Fintech Holding reported a year-over-year i
Pennant Park Investment (NYSE:PNNT) reported quarterly earnings of $0.22 per share which missed the analyst consensus estimate of $0.24 by 8.33 percent. This is a 15.38 percent decrease over earnings of $0.26 per share from the same period last year. The company reported quarterly sales of $35.979 million which missed the analyst consensus estimate of $36.336 million by 0.98 percent. This is a 1.02 percent decrease over sales of $36.349 million the same period last year.
Pennant Park Investment (NYSE:PNNT) reported quarterly earnings of $0.22 per share which missed the analyst consensus estimate of $0.24 by 8.33 percent. This is a 15.38 percent decrease over earnings of $0.26 per share from the same period last year. The company reported quarterly sales of $35.98 million which missed the analyst consensus estimate of $36.34 million by 0.99 percent. This is a 1.02 percent decrease over sales of $36.35 million the same period last year.
Pennant Park Investment (NYSE:PNNT) reported quarterly earnings of $0.24 per share which beat the analyst consensus estimate of $0.22 by 9.09 percent. The company reported quarterly sales of $34.34 million which beat the analyst consensus estimate of $32.74 million by 4.89 percent. This is a 14.59 percent increase over sales of $29.96 million the same period last year.
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Thursday marks the last chance for investors to receive the next dividend payout from Pennant Park Investment (NYSE:PNNT). What's Happening The company announced on Wednesday that it would pay shareholders a monthly dividend of 7 cents per share. On Friday, Pennant Park Investment will go ex-dividend, meaning the stock will trade lower to reflect that payout. In other words, the stock will likely open 7 cents lower than it would have opened on any other day. In order to be eligible to receive a company's dividend, shareholders must own the stock prior to the ex-dividend date—in this case, Friday. Shareholders who own PNNT as of the end of Thursday's session are eligible to receive the 7 ce
Raymond James analyst Robert Dodd maintains Pennant Park Investment (NYSE:PNNT) with a Outperform and raises the price target from $7.25 to $7.5.
Pennant Park Investment (NYSE:PNNT) reported quarterly earnings of $0.24 per share which beat the analyst consensus estimate of $0.22 by 9.09 percent. This is a 71.43 percent increase over earnings of $0.14 per share from the same period last year. The company reported quarterly sales of $34.04 million which missed the analyst consensus estimate of $34.83 million by 2.26 percent. This is a 17.67 percent increase over sales of $28.93 million the same period last year.
Pennant Park Investment (NYSE:PNNT) reported its Q4 earnings results on Wednesday, November 15, 2023 at 04:05 PM. Here's what investors need to know about the announcement. Earnings Pennant Park Investment beat estimated earnings by 9.09%, reporting an EPS of $0.24 versus an estimate of $0.22. Revenue was up $5.11 million from the same period last year. Past Earnings Performance Last quarter the company beat on EPS by $0.06 which was followed by a 3.9% increase in the share price the next day. Here's a look at Pennant Park Investment's past performance: Quarter Q3 2023 Q2 2023 Q1 2023 Q4 2022 EPS Estimate 0.29 0.20 0.19 0.17 EPS Actual 0.35 0.26 0.16 0.14 Revenue Estimate 36.59M 3