Robert W. Baird restated their neutral rating on shares of PennantPark Investment Corp. (NASDAQ:PNNT) in a report issued on Saturday morning. They currently have a $6.00 price objective on the stock.

Other equities analysts have also issued research reports about the stock. FBR & Co lowered shares of PennantPark Investment Corp. from an outperform rating to a market perform rating and set a $8.00 price target on the stock. in a research report on Wednesday. Jefferies Group reissued a hold rating on shares of PennantPark Investment Corp. in a research report on Friday, August 12th. Zacks Investment Research lowered shares of PennantPark Investment Corp. from a hold rating to a strong sell rating in a research report on Thursday. JMP Securities lifted their price target on shares of PennantPark Investment Corp. from $7.50 to $8.50 and gave the company a market outperform rating in a research report on Wednesday, August 10th. Finally, Ladenburg Thalmann raised shares of PennantPark Investment Corp. from a neutral rating to a buy rating in a research report on Tuesday. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and two have issued a buy rating to the company. The stock currently has a consensus rating of Hold and a consensus target price of $7.17.

PennantPark Investment Corp. (NASDAQ:PNNT) opened at 7.26 on Friday. The stock’s 50 day moving average is $7.50 and its 200-day moving average is $7.26. The firm’s market capitalization is $515.90 million. PennantPark Investment Corp. has a 52 week low of $4.65 and a 52 week high of $8.30.

PennantPark Investment Corp. (NASDAQ:PNNT) last released its quarterly earnings results 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 net margin of 4.38% and a return on equity of 10.71%. During the same quarter in the prior year, the business posted $0.27 earnings per share. On average, equities research analysts expect that PennantPark Investment Corp. will post $1.03 EPS for the current year.

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A number of institutional investors have recently made changes to their positions in the company. Berson & Corrado Investment Advisors LLC raised its position in shares of PennantPark Investment Corp. by 0.8% in the second quarter. Berson & Corrado Investment Advisors LLC now owns 69,230 shares of the company’s stock worth $473,000 after buying an additional 575 shares during the period. Trust Asset Management LLC raised its position in shares of PennantPark Investment Corp. by 1.7% in the second quarter. Trust Asset Management LLC now owns 137,848 shares of the company’s stock worth $942,000 after buying an additional 2,312 shares during the period. Delphi Financial Group Inc. raised its position in shares of PennantPark Investment Corp. by 0.9% in the second quarter. Delphi Financial Group Inc. now owns 1,837,526 shares of the company’s stock worth $12,532,000 after buying an additional 15,817 shares during the period. Bank of Montreal Can bought a new position in shares of PennantPark Investment Corp. during the second quarter worth about $5,420,000. Finally, Essex Financial Services Inc. bought a new position in shares of PennantPark Investment Corp. during the second quarter worth about $104,000. 33.70% of the stock is currently owned by institutional investors and hedge funds.

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.

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