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PennantPark Investment (PNNT) Company Overview

Profile

Full Name:

PennantPark Investment Corporation

Country:

United States

IPO:

April 19, 2007

Indexes:

Not included

Description:

PennantPark Investment is a financial company that provides capital to middle-market businesses. They invest in various sectors, helping companies grow and succeed. By offering loans and equity, PennantPark aims to generate returns for its investors while supporting the development of businesses in the economy.

Key Details

Price

$7.14

Annual Revenue

$58.51 M(+390.13% YoY)

Annual EPS

$0.75(+244.23% YoY)

Beta

0.56

Events Calendar

Earnings

Next earnings date:

Feb 10, 2025

Recent quarterly earnings:

Nov 25, 2024

Recent annual earnings:

Nov 25, 2024
Dividend

Next ex-dividend date:

Feb 18, 2025

Recent ex-dividend date:

Jan 15, 2025
Splits

Next split:

N/A

Recent split:

N/A

Analyst ratings

Recent major analysts updates

Nov 27, 24 Ladenburg Thalmann
Neutral
Sep 9, 24 Compass Point
Neutral
Jul 15, 24 Compass Point
Sell
Nov 17, 23 Raymond James
Outperform
Aug 15, 23 Compass Point
Neutral
Aug 14, 23 Raymond James
Outperform
Aug 11, 23 JP Morgan
Neutral
Feb 13, 23 Truist Securities
Buy
Feb 9, 23 Keefe, Bruyette & Woods
Market Perform
Feb 11, 22 Raymond James
Outperform

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Technical

Dividend

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PennantPark Investment Corporation Schedules Earnings Release of First Fiscal Quarter 2025 Results
PennantPark Investment Corporation Schedules Earnings Release of First Fiscal Quarter 2025 Results
PennantPark Investment Corporation Schedules Earnings Release of First Fiscal Quarter 2025 Results
PNNT
globenewswire.comJanuary 8, 2025

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.

PennantPark Investment Corporation Announces Monthly Distribution of $0.08 per Share
PennantPark Investment Corporation Announces Monthly Distribution of $0.08 per Share
PennantPark Investment Corporation Announces Monthly Distribution of $0.08 per Share
PNNT
globenewswire.comJanuary 3, 2025

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.

PennantPark Investment: I've Never Seen So Complex And Speculative Structure
PennantPark Investment: I've Never Seen So Complex And Speculative Structure
PennantPark Investment: I've Never Seen So Complex And Speculative Structure
PNNT
seekingalpha.comDecember 26, 2024

PNNT trades at a ~10% discount and offers a yield of ~14%. It has also performed in line with the BDC index this year. While this sounds interesting, it is a clear no-go case.

PennantPark Investment: Weak Dividend Coverage Is A Concern (Rating Downgrade)
PennantPark Investment: Weak Dividend Coverage Is A Concern (Rating Downgrade)
PennantPark Investment: Weak Dividend Coverage Is A Concern (Rating Downgrade)
PNNT
seekingalpha.comDecember 6, 2024

PennantPark Investment Corporation's recent dividends were not fully covered by net investment income, leading me to revise my rating from buy to hold. PNNT has a well-diversified portfolio but has significant exposure to equity positions, which can be challenging to value and often lead to market discounts. Despite a strong internalized rate of return on equity investments, the lack of progress in rotating out of equity positions is a negative development.

PennantPark Investment Corporation Announces Monthly Distribution of $0.08 per Share
PennantPark Investment Corporation Announces Monthly Distribution of $0.08 per Share
PennantPark Investment Corporation Announces Monthly Distribution of $0.08 per Share
PNNT
globenewswire.comDecember 3, 2024

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.

PennantPark Investment Corporation (PNNT) Q4 2024 Earnings Call Transcript
PennantPark Investment Corporation (PNNT) Q4 2024 Earnings Call Transcript
PennantPark Investment Corporation (PNNT) Q4 2024 Earnings Call Transcript
PNNT
seekingalpha.comNovember 26, 2024

PennantPark Investment Corporation (NYSE:PNNT ) Q4 2024 Results Conference Call November 26, 2024 12:00 PM ET Company Participants Art Penn - Chairman and Chief Executive Officer Rick Allorto - Chief Financial Officer Conference Call Participants Mark Hughes - Truist Robert Dodd - Raymond James Paul Johnson - KBW Melissa Wedel - JPMorgan Casey Alexander - Compass Point Operator Good afternoon, and welcome to the PennantPark Investment Corporation's Fourth Fiscal Quarter 2024 Earnings Conference Call. Today's conference is being recorded.

Compared to Estimates, PennantPark (PNNT) Q4 Earnings: A Look at Key Metrics
Compared to Estimates, PennantPark (PNNT) Q4 Earnings: A Look at Key Metrics
Compared to Estimates, PennantPark (PNNT) Q4 Earnings: A Look at Key Metrics
PNNT
zacks.comNovember 25, 2024

While the top- and bottom-line numbers for PennantPark (PNNT) give a sense of how the business performed in the quarter ended September 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

PennantPark (PNNT) Q4 Earnings Match Estimates
PennantPark (PNNT) Q4 Earnings Match Estimates
PennantPark (PNNT) Q4 Earnings Match Estimates
PNNT
zacks.comNovember 25, 2024

PennantPark (PNNT) came out with quarterly earnings of $0.22 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $0.24 per share a year ago.

PennantPark (PNNT) Expected to Beat Earnings Estimates: Can the Stock Move Higher?
PennantPark (PNNT) Expected to Beat Earnings Estimates: Can the Stock Move Higher?
PennantPark (PNNT) Expected to Beat Earnings Estimates: Can the Stock Move Higher?
PNNT
zacks.comNovember 18, 2024

PennantPark (PNNT) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

PennantPark Investment: Questionable Distribution Coverage (Downgrade)
PennantPark Investment: Questionable Distribution Coverage (Downgrade)
PennantPark Investment: Questionable Distribution Coverage (Downgrade)
PNNT
seekingalpha.comOctober 8, 2024

I am downgrading my rating on PennantPark Investment Corporation due to weak distribution coverage and a rising non-accrual rate, indicating lower portfolio quality. Despite a high dividend yield of 13.6%, PNNT's core net investment income is insufficient to cover distributions without relying on special dividends from the joint venture portfolio. PNNT's diversified portfolio includes 56% first lien debt and is diversified by industry. However, the equity exposure could elevate the risk profile.

FAQ

  • What is the ticker symbol for PennantPark Investment?
  • Does PennantPark Investment pay dividends?
  • What sector is PennantPark Investment in?
  • What industry is PennantPark Investment in?
  • What country is PennantPark Investment based in?
  • When did PennantPark Investment go public?
  • Is PennantPark Investment in the S&P 500?
  • Is PennantPark Investment in the NASDAQ 100?
  • Is PennantPark Investment in the Dow Jones?
  • When was PennantPark Investment's last earnings report?
  • When does PennantPark Investment report earnings?
  • Should I buy PennantPark Investment stock now?

What is the ticker symbol for PennantPark Investment?

The ticker symbol for PennantPark Investment is NYSE:PNNT

Does PennantPark Investment pay dividends?

Yes, PennantPark Investment pays dividends. The last payment was $0.08, with an ex-dividend date on January 15, 2025

What sector is PennantPark Investment in?

PennantPark Investment is in the Financial Services sector

What industry is PennantPark Investment in?

PennantPark Investment is in the Asset Management industry

What country is PennantPark Investment based in?

PennantPark Investment is headquartered in United States

When did PennantPark Investment go public?

PennantPark Investment's initial public offering (IPO) was on April 19, 2007

Is PennantPark Investment in the S&P 500?

No, PennantPark Investment is not included in the S&P 500 index

Is PennantPark Investment in the NASDAQ 100?

No, PennantPark Investment is not included in the NASDAQ 100 index

Is PennantPark Investment in the Dow Jones?

No, PennantPark Investment is not included in the Dow Jones index

When was PennantPark Investment's last earnings report?

PennantPark Investment's most recent earnings report was on Nov 25, 2024

When does PennantPark Investment report earnings?

The next expected earnings date for PennantPark Investment is Feb 10, 2025

Should I buy PennantPark Investment stock now?

As of today, analysts generally recommend a 'Hold' rating. However, it's important to do your own research and consider your financial situation before making any investment decisions