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.

Institutional investors and hedge funds have recently made changes to their positions in the business. Pinebridge Investments L.P. increased its position in shares of PennantPark Investment by 0.8% during the second quarter. Pinebridge Investments L.P. now owns 22,580 shares of the asset manager’s stock valued at $167,000 after acquiring an additional 169 shares during the last quarter. Stephens Inc. AR increased its position in shares of PennantPark Investment by 44.8% during the second quarter. Stephens Inc. AR now owns 23,964 shares of the asset manager’s stock valued at $177,000 after acquiring an additional 7,414 shares during the last quarter. Global X MANAGEMENT CO LLC increased its position in shares of PennantPark Investment by 49.0% during the third quarter. Global X MANAGEMENT CO LLC now owns 24,829 shares of the asset manager’s stock valued at $186,000 after acquiring an additional 8,165 shares during the last quarter. Stevens Capital Management LP acquired a new stake in shares of PennantPark Investment during the third quarter valued at about $199,000. Finally, Stifel Financial Corp increased its position in shares of PennantPark Investment by 50.5% during the second quarter. Stifel Financial Corp now owns 27,700 shares of the asset manager’s stock valued at $205,000 after acquiring an additional 9,300 shares during the last quarter. Institutional investors and hedge funds own 42.62% of the company’s stock.

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.

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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.

Insider Buying and Selling by Quarter for PennantPark Investment (NASDAQ:PNNT)

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