Head-To-Head Review: PennantPark Investment Corporation (PNNT) and Center Coast MLP & Infrastructure Fund (CEN)
PennantPark Investment Corporation (NASDAQ: PNNT) and Center Coast MLP & Infrastructure Fund (NYSE:CEN) are both finance companies, but which is the better stock? We will compare the two companies based on the strength of their earnings, risk, analyst recommendations, profitability, institutional ownership, dividends and valuation.
Insider and Institutional Ownership
42.7% of PennantPark Investment Corporation shares are owned by institutional investors. 1.9% of PennantPark Investment Corporation shares are owned by insiders. Strong institutional ownership is an indication that hedge funds, large money managers and endowments believe a company will outperform the market over the long term.
PennantPark Investment Corporation pays an annual dividend of $0.72 per share and has a dividend yield of 9.4%. Center Coast MLP & Infrastructure Fund does not pay a dividend. PennantPark Investment Corporation pays out 74.2% of its earnings in the form of a dividend.
Earnings & Valuation
This table compares PennantPark Investment Corporation and Center Coast MLP & Infrastructure Fund’s top-line revenue, earnings per share and valuation.
|Gross Revenue||Price/Sales Ratio||EBITDA||Earnings Per Share||Price/Earnings Ratio|
|PennantPark Investment Corporation||N/A||N/A||N/A||$0.97||7.86|
|Center Coast MLP & Infrastructure Fund||N/A||N/A||N/A||N/A||N/A|
This table compares PennantPark Investment Corporation and Center Coast MLP & Infrastructure Fund’s net margins, return on equity and return on assets.
|Net Margins||Return on Equity||Return on Assets|
|PennantPark Investment Corporation||53.92%||9.11%||4.72%|
|Center Coast MLP & Infrastructure Fund||N/A||N/A||N/A|
This is a breakdown of recent ratings and price targets for PennantPark Investment Corporation and Center Coast MLP & Infrastructure Fund, as provided by MarketBeat.com.
|Sell Ratings||Hold Ratings||Buy Ratings||Strong Buy Ratings||Rating Score|
|PennantPark Investment Corporation||0||7||2||0||2.22|
|Center Coast MLP & Infrastructure Fund||0||0||0||0||N/A|
PennantPark Investment Corporation presently has a consensus target price of $8.14, indicating a potential upside of 6.86%. Given PennantPark Investment Corporation’s higher probable upside, equities research analysts plainly believe PennantPark Investment Corporation is more favorable than Center Coast MLP & Infrastructure Fund.
PennantPark Investment Corporation beats Center Coast MLP & Infrastructure Fund on 8 of the 9 factors compared between the two stocks.
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. The Company’s debt investments may generally range in maturity from 3 to 10 years and, are made to the United States and to a limited extent, non-United States corporations, partnerships and other business entities, which operate in various industries and geographical regions. In addition, it may invest up to approximately 30% of its portfolio in non-qualifying assets. It invests in sectors, such as aerospace and defense; energy/utilities; auto sector; environmental services, and beverage, among others. PennantPark Investment Advisers, LLC is the Company’s investment advisor.
About Center Coast MLP & Infrastructure Fund
Center Coast MLP & Infrastructure Fund (the Fund) is a non-diversified, closed-end management investment company. The Fund’s investment objective is to provide a high level of total return with an emphasis on distributions to shareholders. The Fund seeks to achieve its investment objective by investing primarily in a portfolio of master limited partnerships (MLPs) and energy infrastructure companies. Under normal market conditions, the Fund will invest at least 80% of its Managed Assets in securities of MLPs and energy infrastructure companies. The Fund may invest up to 20% of its Managed Assets in unregistered or restricted securities, including securities issued by private companies. Its private investments may include investments in entities formed to own and operate particular energy infrastructure assets. The Fund invests in various sectors, such as fuel distribution and marketing, and natural gas transportation and storage. The Fund’s advisor is Center Coast Capital Advisors, LP.
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