Shares of PennantPark Investment Corp. (NASDAQ:PNNT) have been assigned a consensus rating of “Hold” from the twelve analysts that are covering the firm. One equities research analyst has rated the stock with a sell recommendation, eight have given a hold recommendation and two have issued a buy recommendation on the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $7.00.

A number of research firms recently issued reports on PNNT. Zacks Investment Research cut shares of PennantPark Investment Corp. from a “hold” rating to a “sell” rating in a research note on Wednesday, October 5th. Ladenburg Thalmann raised shares of PennantPark Investment Corp. from a “neutral” rating to a “buy” rating in a research note on Tuesday, November 22nd. Jefferies Group reissued a “hold” rating on shares of PennantPark Investment Corp. in a research note on Friday, August 12th. 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 note on Wednesday, August 10th. Finally, FBR & Co lifted their price target on shares of PennantPark Investment Corp. from $7.50 to $8.00 and gave the company an “outperform” rating in a research note on Tuesday, August 9th.

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Shares of PennantPark Investment Corp. (NASDAQ:PNNT) traded up 1.722% during midday trading on Monday, hitting $7.385. 435,136 shares of the stock traded hands. The company’s 50 day moving average price is $7.50 and its 200-day moving average price is $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 released its quarterly earnings results on Monday, November 21st. The company reported $0.21 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 quarter last year, the firm posted $0.27 earnings per share. On average, equities analysts expect that PennantPark Investment Corp. will post $1.03 earnings per share for the current fiscal year.

In other news, CFO Aviv Efrat purchased 28,000 shares of the stock in a transaction dated Wednesday, November 23rd. The shares were purchased at an average price of $7.08 per share, with a total value of $198,240.00. Following the transaction, the chief financial officer now owns 96,102 shares in the company, valued at approximately $680,402.16. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Chairman Arthur H. Penn purchased 20,000 shares of the stock in a transaction dated Friday, November 25th. The shares were purchased at an average cost of $7.16 per share, for a total transaction of $143,200.00. Following the transaction, the chairman now owns 183,400 shares in the company, valued at approximately $1,313,144. The disclosure for this purchase can be found here. Insiders own 1.60% of the company’s stock.

A number of hedge funds have recently modified their holdings of PNNT. Berson & Corrado Investment Advisors LLC raised its stake 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 valued at $473,000 after buying an additional 575 shares during the period. Trust Asset Management LLC raised its stake 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 valued at $942,000 after buying an additional 2,312 shares during the period. Delphi Financial Group Inc. raised its stake 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 valued at $12,532,000 after buying an additional 15,817 shares during the period. Bank of Montreal Can bought a new stake in shares of PennantPark Investment Corp. during the second quarter valued at about $5,420,000. Finally, Essex Financial Services Inc. bought a new stake in shares of PennantPark Investment Corp. during the second quarter valued at about $104,000. Hedge funds and other institutional investors own 32.54% of the company’s stock.

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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