Somewhat Positive Press Coverage Somewhat Unlikely to Impact PennantPark Investment Corporation (PNNT) Stock Price
Headlines about PennantPark Investment Corporation (NASDAQ:PNNT) have trended somewhat positive on Monday, according to Accern. The research firm identifies negative and positive media coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. PennantPark Investment Corporation earned a media sentiment score of 0.21 on Accern’s scale. Accern also gave news coverage about the asset manager an impact score of 45.475169461849 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
These are some of the media stories that may have impacted Accern’s analysis:
- PennantPark Investment Corporation (PNNT) to Release Earnings on Monday (americanbankingnews.com)
- 10% Dividend Yield With Book Value Energy Upside Potential (seekingalpha.com)
- PennantPark Investment Corporation Schedules Earnings Release of Fiscal Year 2017 Results – EconoTimes (econotimes.com)
Several research analysts recently issued reports on PNNT shares. Zacks Investment Research cut PennantPark Investment Corporation from a “hold” rating to a “sell” rating in a research report on Tuesday, July 18th. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $8.50 target price on shares of PennantPark Investment Corporation in a research report on Tuesday, July 25th. J P Morgan Chase & Co raised PennantPark Investment Corporation from a “neutral” rating to an “overweight” rating and lifted their target price for the company from $8.00 to $8.50 in a research report on Wednesday, August 9th. BidaskClub raised PennantPark Investment Corporation from a “sell” rating to a “hold” rating in a research report on Friday, August 11th. Finally, Jefferies Group LLC reaffirmed a “hold” rating and set a $8.00 target price on shares of PennantPark Investment Corporation in a research report on Sunday, November 5th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $8.07.
PennantPark Investment Corporation (NASDAQ PNNT) traded down $0.04 during mid-day trading on Monday, reaching $7.49. The company’s stock had a trading volume of 226,300 shares, compared to its average volume of 328,653. The company has a debt-to-equity ratio of 0.84, a quick ratio of 4.54 and a current ratio of 4.54. PennantPark Investment Corporation has a twelve month low of $6.86 and a twelve month high of $8.68. The stock has a market capitalization of $528.69, a PE ratio of 9.02, a P/E/G ratio of 4.88 and a beta of 1.30.
In other news, Chairman Arthur H. Penn purchased 28,000 shares of the company’s stock in a transaction dated Tuesday, August 15th. The shares were purchased at an average price of $7.62 per share, with a total value of $213,360.00. Following the transaction, the chairman now directly owns 193,410 shares of the company’s stock, valued at $1,473,784.20. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website. 1.90% of the stock is owned by corporate insiders.
About PennantPark Investment Corporation
PennantPark Investment Corporation is a closed-end, non-diversified investment company. The Company is a business development company. Its objectives are to generate both current income and capital appreciation while seeking to preserve capital through debt and equity investments primarily made to the United States middle-market companies in the form of senior secured debt, mezzanine debt and equity investments.
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