PennantPark Investment Corp. (NASDAQ:PNNT) Chairman Arthur H. Penn acquired 20,000 shares of the firm’s stock in a transaction that occurred on Friday, November 25th. The shares were bought at an average price of $7.16 per share, for a total transaction of $143,200.00. Following the completion of the purchase, the chairman now owns 183,400 shares in the company, valued at approximately $1,313,144. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Shares of PennantPark Investment Corp. (NASDAQ:PNNT) traded up 1.65% during trading on Monday, hitting $7.38. The stock had a trading volume of 397,284 shares. The stock has a 50 day moving average of $7.50 and a 200 day moving average of $7.26. PennantPark Investment Corp. has a 12 month low of $4.65 and a 12 month high of $8.30.

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 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 10.77%. During the same period in the previous year, the company earned $0.27 earnings per share. Analysts anticipate that PennantPark Investment Corp. will post $1.03 earnings per share for the current fiscal year.

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Institutional investors have recently made changes to their positions in the stock. Mckinley Capital Management LLC Delaware acquired a new position in shares of PennantPark Investment Corp. during the second quarter valued at approximately $2,103,000. Assetmark Inc. increased its position in shares of PennantPark Investment Corp. by 1.4% in the second quarter. Assetmark Inc. now owns 167,426 shares of the company’s stock valued at $1,144,000 after buying an additional 2,285 shares during the last quarter. Stephens Inc. AR increased its position in shares of PennantPark Investment Corp. by 5.7% in the second quarter. Stephens Inc. AR now owns 16,675 shares of the company’s stock valued at $114,000 after buying an additional 905 shares during the last quarter. Janney Montgomery Scott LLC increased its position in shares of PennantPark Investment Corp. by 152.7% in the second quarter. Janney Montgomery Scott LLC now owns 322,286 shares of the company’s stock valued at $2,077,000 after buying an additional 194,751 shares during the last quarter. Finally, Sheaff Brock Investment Advisors LLC increased its position 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 valued at $108,000 after buying an additional 680 shares during the last quarter. Institutional investors and hedge funds own 32.54% of the company’s stock.

A number of analysts recently issued reports on the company. FBR & Co lowered PennantPark Investment Corp. from an “outperform” rating to a “market perform” rating and set a $8.00 price objective on the stock. in a research note on Wednesday, November 23rd. Jefferies Group reiterated a “hold” rating on shares of PennantPark Investment Corp. in a research note on Friday, August 12th. Zacks Investment Research lowered PennantPark Investment Corp. from a “hold” rating to a “strong sell” rating in a research note on Thursday. Robert W. Baird reiterated a “neutral” rating and set a $6.00 price objective on shares of PennantPark Investment Corp. in a research note on Saturday. Finally, JMP Securities boosted their price objective on PennantPark Investment Corp. from $7.50 to $8.50 and gave the company a “market outperform” rating in a research note on Wednesday, August 10th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and two have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $7.17.

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.

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