News coverage about PennantPark Investment (NASDAQ:PNNT) has been trending positive recently, according to Accern Sentiment Analysis. Accern rates the sentiment of news coverage by analyzing more than twenty million news and blog sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. PennantPark Investment earned a news sentiment score of 0.30 on Accern’s scale. Accern also assigned headlines about the asset manager an impact score of 46.265751903785 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
PNNT has been the topic of a number of analyst reports. ValuEngine raised PennantPark Investment from a “buy” rating to a “strong-buy” rating in a report on Friday, December 1st. TheStreet lowered PennantPark Investment from a “b-” rating to a “c” rating in a research note on Wednesday, December 13th. Zacks Investment Research raised PennantPark Investment from a “strong sell” rating to a “hold” rating in a research note on Saturday, February 3rd. Ladenburg Thalmann Financial Services upgraded PennantPark Investment from a “neutral” rating to a “buy” rating and set a $8.00 price target for the company in a report on Friday, February 9th. Finally, BidaskClub upgraded PennantPark Investment from a “strong sell” rating to a “sell” rating in a report on Saturday, February 10th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and four have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $8.30.
Shares of PennantPark Investment (PNNT) traded down $0.12 during mid-day trading on Thursday, hitting $6.99. 306,199 shares of the stock traded hands, compared to its average volume of 322,699. The company has a market capitalization of $502.40, a PE ratio of 10.00, a price-to-earnings-growth ratio of 4.82 and a beta of 1.13. PennantPark Investment has a twelve month low of $6.29 and a twelve month high of $8.20. The company has a quick ratio of 3.03, a current ratio of 3.03 and a debt-to-equity ratio of 0.79.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 2nd. Investors of record on Monday, March 19th will be paid a dividend of $0.18 per share. The ex-dividend date of this dividend is Friday, March 16th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 10.30%. PennantPark Investment’s dividend payout ratio is presently 102.86%.
In related news, Chairman Arthur H. Penn acquired 10,000 shares of the stock in a transaction that occurred on Friday, February 9th. The shares were acquired at an average price of $6.94 per share, for a total transaction of $69,400.00. Following the completion of the purchase, the chairman now directly owns 193,410 shares of the company’s stock, valued at $1,342,265.40. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 2.00% of the stock is owned by company insiders.
PennantPark Investment Company Profile
PennantPark Investment Corporation is a closed-end, non-diversified investment company. The Company is a business development company. Its objectives are to generate both current income and capital appreciation while seeking to preserve capital through debt and equity investments primarily made to the United States middle-market companies in the form of senior secured debt, mezzanine debt and equity investments.
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