PennantPark Investment (PNNT) Stock Price, News & Analysis

4 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for PennantPark Investment in the last twelve months. There are currently 2 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" PNNT shares.
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4 equities research analysts have issued 1 year target prices for PennantPark Investment's shares. Their PNNT share price targets range from $6.50 to $7.50. On average, they expect the company's stock price to reach $6.95 in the next twelve months. This suggests a possible upside of 3.3% from the stock's current price.
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PennantPark Investment's stock was trading at $6.91 at the beginning of the year. Since then, PNNT stock has decreased by 2.6% and is now trading at $6.73.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 8th 2024.
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PennantPark Investment Co. (NASDAQ:PNNT) announced its quarterly earnings data on Wednesday, November, 15th. The asset manager reported $0.24 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.22 by $0.02. The asset manager had revenue of $34.04 million for the quarter, compared to analysts' expectations of $33.45 million. PennantPark Investment had a trailing twelve-month return on equity of 14.17% and a net margin of 32.55%.

PennantPark Investment declared a quarterly dividend on Friday, February 2nd. Investors of record on Thursday, February 15th will be given a dividend of $0.07 per share on Friday, March 1st. This represents a $0.28 dividend on an annualized basis and a dividend yield of 4.16%. The ex-dividend date of this dividend is Wednesday, February 14th.
Read our dividend analysis for PNNT.

PennantPark Investment (NASDAQ:PNNT) pays an annual dividend of $0.84 per share and currently has a dividend yield of 12.48%. PNNT has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 113.52%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on EPS estimates, PNNT will have a dividend payout ratio of 91.30% in the coming year. This indicates that the company may not be able to sustain their current dividend.
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ETFs with the largest weight of PennantPark Investment (NASDAQ:PNNT) stock in their portfolio include Invesco KBW High Dividend Yield Financial ETF (KBWD).Virtus Private Credit Strategy ETF (VPC).

Based on aggregate information from My MarketBeat watchlists, some companies that other PennantPark Investment investors own include Energy Transfer (ET), Annaly Capital Management (NLY), Prospect Capital (PSEC), Ares Capital (ARCC), Enterprise Products Partners (EPD), AT&T (T), NGL Energy Partners (NGL), AGNC Investment (AGNC), New Residential Investment (NRZ) and New York Mortgage Trust (NYMT).

PennantPark Investment's stock is owned by many different retail and institutional investors. Top institutional shareholders include LSV Asset Management (3.27%), NewEdge Wealth LLC (0.41%), Legacy Capital Wealth Partners LLC (0.36%), International Assets Investment Management LLC (0.33%), Raymond James & Associates (0.23%) and Janney Montgomery Scott LLC (0.18%). Insiders that own company stock include Arthur H Penn, Jose A Briones, Richard T Allorto Jr and Samuel L Katz.
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Shares of PNNT stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
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