Jefferies Group LLC reaffirmed their hold rating on shares of PennantPark Investment Corporation (NASDAQ:PNNT) in a research report sent to investors on Sunday, November 5th. They currently have a $8.00 price target on the asset manager’s stock.
A number of other research analysts also recently commented on PNNT. BidaskClub upgraded PennantPark Investment Corporation from a sell rating to a hold rating in a research note on Friday, August 11th. J P Morgan Chase & Co upgraded PennantPark Investment Corporation from a neutral rating to an overweight rating and boosted their target price for the company from $8.00 to $8.50 in a research note on Wednesday, August 9th. Keefe, Bruyette & Woods set a $9.00 price target on PennantPark Investment Corporation and gave the stock a hold rating in a research note on Friday, August 25th. Zacks Investment Research upgraded PennantPark Investment Corporation from a sell rating to a hold rating in a research note on Wednesday, October 11th. Finally, Compass Point initiated coverage on PennantPark Investment Corporation in a research note on Thursday, July 13th. They set a buy rating and a $8.50 price target for the company. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and two have assigned a buy rating to the company. The stock currently has an average rating of Hold and a consensus price target of $8.08.
PennantPark Investment Corporation (NASDAQ:PNNT) traded down $0.03 during trading hours on Friday, reaching $7.54. The company had a trading volume of 139,169 shares, compared to its average volume of 323,396. The firm has a market capitalization of $537.93, a price-to-earnings ratio of 9.12, a price-to-earnings-growth ratio of 4.93 and a beta of 1.30. PennantPark Investment Corporation has a 52-week low of $7.03 and a 52-week high of $8.68. The company has a quick ratio of 4.54, a current ratio of 4.54 and a debt-to-equity ratio of 0.84.
About PennantPark Investment Corporation
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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