PennantPark Investment Corporation (PNNT) CFO Acquires $71,400.00 in Stock
PennantPark Investment Corporation (NASDAQ:PNNT) CFO Aviv Efrat acquired 10,000 shares of the business’s stock in a transaction that occurred on Monday, December 4th. The shares were purchased at an average price of $7.14 per share, with a total value of $71,400.00. Following the completion of the transaction, the chief financial officer now owns 106,102 shares of the company’s stock, valued at approximately $757,568.28. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.
Shares of PennantPark Investment Corporation (PNNT) traded down $0.04 on Tuesday, hitting $7.13. 556,466 shares of the company’s stock were exchanged, compared to its average volume of 332,382. PennantPark Investment Corporation has a 1-year low of $6.67 and a 1-year high of $8.68. The firm has a market capitalization of $510.22, a PE ratio of 9.09, a PEG ratio of 4.80 and a beta of 1.27. The company has a current ratio of 1.66, a quick ratio of 1.66 and a debt-to-equity ratio of 0.81.
PennantPark Investment (NASDAQ:PNNT) last announced its quarterly earnings results on Wednesday, November 29th. The asset manager reported $0.18 earnings per share for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.01). PennantPark Investment had a net margin of 49.55% and a return on equity of 8.72%. The company had revenue of $27.87 million for the quarter, compared to analyst estimates of $29.19 million. During the same quarter in the prior year, the business earned $0.21 earnings per share. PennantPark Investment’s revenue was down 13.3% on a year-over-year basis. equities analysts forecast that PennantPark Investment Corporation will post 0.75 earnings per share for the current year.
Several research firms recently issued reports on PNNT. ValuEngine upgraded shares of PennantPark Investment from a “buy” rating to a “strong-buy” rating in a research report on Friday. Jefferies Group restated a “hold” rating and set a $8.00 price objective on shares of PennantPark Investment in a research report on Sunday, November 5th. Zacks Investment Research cut shares of PennantPark Investment from a “hold” rating to a “sell” rating in a research report on Saturday, November 4th. Keefe, Bruyette & Woods restated a “hold” rating and set a $8.50 price objective on shares of PennantPark Investment in a research report on Thursday, October 26th. Finally, BidaskClub cut shares of PennantPark Investment from a “hold” rating to a “sell” rating in a research report on Saturday, August 19th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating, two have issued a buy rating and one has issued a strong buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $8.50.
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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