PennantPark Investment Corp. (NASDAQ:PNNT) – Research analysts at FBR & Co decreased their Q1 2017 earnings estimates for PennantPark Investment Corp. in a research note issued on Wednesday. FBR & Co analyst C. Nolan now forecasts that the brokerage will earn $0.22 per share for the quarter, down from their previous forecast of $0.27. FBR & Co currently has a “Market Perform” rating and a $8.00 target price on the stock. FBR & Co also issued estimates for PennantPark Investment Corp.’s Q2 2017 earnings at $0.22 EPS, Q3 2017 earnings at $0.23 EPS, Q4 2017 earnings at $0.23 EPS, FY2017 earnings at $0.90 EPS and FY2018 earnings at $0.96 EPS.

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

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

Several other analysts have also recently weighed in on the company. Zacks Investment Research cut PennantPark Investment Corp. from a “hold” rating to a “strong sell” rating in a report on Thursday. Ladenburg Thalmann raised PennantPark Investment Corp. from a “neutral” rating to a “buy” rating in a report on Tuesday. Jefferies Group reissued a “hold” rating on shares of PennantPark Investment Corp. in a report on Friday, August 12th. Finally, JMP Securities raised 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. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and two have issued a buy rating to the company. PennantPark Investment Corp. has a consensus rating of “Hold” and a consensus target price of $7.17.

PennantPark Investment Corp. (NASDAQ:PNNT) opened at 7.08 on Thursday. The firm’s market capitalization is $503.10 million. The firm has a 50-day moving average price of $7.51 and a 200 day moving average price of $7.26. PennantPark Investment Corp. has a 52 week low of $4.65 and a 52 week high of $8.30.

A number of institutional investors have recently bought and sold shares of the company. GAM Holding AG bought a new position in PennantPark Investment Corp. during the third quarter valued at about $113,000. KCG Holdings Inc. acquired a new stake in shares of PennantPark Investment Corp. during the second quarter worth $102,000. Societe Generale acquired a new stake in shares of PennantPark Investment Corp. during the second quarter worth $104,000. Essex Financial Services Inc. acquired a new stake in shares of PennantPark Investment Corp. during the second quarter worth $104,000. Finally, Sheaff Brock Investment Advisors LLC raised its stake in shares of 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 in the last quarter. Institutional investors and hedge funds own 33.70% of the company’s stock.

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PennantPark Investment Corp. Company Profile

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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