PennantPark Investment Corp. (NASDAQ:PNNT) – Investment analysts at Jefferies Group issued their FY2018 earnings per share estimates for PennantPark Investment Corp. in a research report issued on Tuesday. Jefferies Group analyst J. Hecht expects that the firm will post earnings per share of $0.82 for the year. Jefferies Group currently has a “Hold” rating on the stock.

PennantPark Investment Corp. (NASDAQ:PNNT) last announced its quarterly earnings data on Monday, November 21st. The company reported $0.21 EPS for the quarter, missing the Zacks’ consensus estimate of $0.26 by $0.05. PennantPark Investment Corp. had a return on equity of 10.71% and a net margin of 4.38%. During the same period last year, the business earned $0.27 EPS.

Earnings History and Estimates for PennantPark Investment Corp. (NASDAQ:PNNT)

A number of other research firms also recently commented on PNNT. Zacks Investment Research downgraded PennantPark Investment Corp. from a “hold” rating to a “strong sell” rating in a report on Thursday. FBR & Co downgraded PennantPark Investment Corp. from an “outperform” rating to a “market perform” rating and set a $8.00 price objective for the company. in a report on Wednesday. Ladenburg Thalmann upgraded PennantPark Investment Corp. from a “neutral” rating to a “buy” rating in a report on Tuesday. JMP Securities upped their price objective on PennantPark Investment Corp. from $7.50 to $8.50 and gave the company a “market outperform” rating in a report on Wednesday, August 10th. Finally, DA Davidson downgraded PennantPark Investment Corp. from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $10.00 to $7.00 in a report on Wednesday, July 27th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and two have given a buy rating to the company’s stock. PennantPark Investment Corp. presently has a consensus rating of “Hold” and a consensus price target of $7.17.

Shares of PennantPark Investment Corp. (NASDAQ:PNNT) remained flat at $7.08 during midday trading on Thursday. 1,062,616 shares of the stock traded hands. The firm’s 50 day moving average price is $7.51 and its 200-day moving average price is $7.26. The stock’s market capitalization is $503.10 million. PennantPark Investment Corp. has a 52-week low of $4.65 and a 52-week high of $8.30.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. KCG Holdings Inc. purchased a new position in PennantPark Investment Corp. during the second quarter worth about $102,000. Societe Generale purchased a new position in PennantPark Investment Corp. during the second quarter worth about $104,000. Essex Financial Services Inc. purchased a new position in PennantPark Investment Corp. during the second quarter worth about $104,000. Sheaff Brock Investment Advisors LLC increased its position in PennantPark Investment Corp. by 4.5% in the second quarter. Sheaff Brock Investment Advisors LLC now owns 15,750 shares of the company’s stock worth $108,000 after buying an additional 680 shares during the last quarter. Finally, GAM Holding AG purchased a new position in PennantPark Investment Corp. during the third quarter worth about $113,000. Institutional investors and hedge funds own 33.70% of the company’s stock.

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About PennantPark Investment Corp.

PennantPark Investment Corporation (PennantPark Investment) is a business development company focused on generating income and capital appreciation through debt and equity investments in the United States middle-market companies in the form of senior secured loans, mezzanine debt and equity investments.

5 Day Chart for NASDAQ:PNNT

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