PennantPark Investment Corporation (NASDAQ:PNNT) has been given a consensus recommendation of “Hold” by the twelve analysts that are covering the company, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, seven have issued a hold recommendation and two have given a buy recommendation to the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $8.07.

A number of analysts recently weighed in on the company. J P Morgan Chase & Co upgraded PennantPark Investment Corporation from a “neutral” rating to an “overweight” rating and increased their price objective for the company from $8.00 to $8.50 in a report on Wednesday, August 9th. BidaskClub upgraded PennantPark Investment Corporation from a “sell” rating to a “hold” rating in a report on Friday, August 11th. Keefe, Bruyette & Woods set a $9.00 price objective on PennantPark Investment Corporation and gave the company a “hold” rating in a report on Friday, August 25th. Jefferies Group LLC restated a “hold” rating and issued a $8.00 price objective on shares of PennantPark Investment Corporation in a report on Sunday, November 5th. Finally, Zacks Investment Research downgraded PennantPark Investment Corporation from a “hold” rating to a “sell” rating in a report on Saturday, November 4th.

A number of institutional investors have recently modified their holdings of the business. LSV Asset Management grew its holdings in PennantPark Investment Corporation by 36.9% during the 2nd quarter. LSV Asset Management now owns 2,741,127 shares of the asset manager’s stock worth $20,256,000 after acquiring an additional 738,141 shares during the period. JPMorgan Chase & Co. grew its holdings in PennantPark Investment Corporation by 6.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,866,419 shares of the asset manager’s stock worth $14,016,000 after acquiring an additional 115,209 shares during the period. West Family Investments Inc. grew its holdings in PennantPark Investment Corporation by 8.3% during the 2nd quarter. West Family Investments Inc. now owns 810,056 shares of the asset manager’s stock worth $5,779,000 after acquiring an additional 62,000 shares during the period. Van ECK Associates Corp grew its holdings in PennantPark Investment Corporation by 13.5% during the 2nd quarter. Van ECK Associates Corp now owns 616,534 shares of the asset manager’s stock worth $4,556,000 after acquiring an additional 73,132 shares during the period. Finally, Relative Value Partners Group LLC grew its holdings in PennantPark Investment Corporation by 72.0% during the 3rd quarter. Relative Value Partners Group LLC now owns 539,102 shares of the asset manager’s stock worth $4,049,000 after acquiring an additional 225,618 shares during the period. Hedge funds and other institutional investors own 41.91% of the company’s stock.

PennantPark Investment Corporation (NASDAQ:PNNT) opened at $7.39 on Thursday. The stock has a market cap of $530.11, a price-to-earnings ratio of 8.99, a PEG ratio of 4.86 and a beta of 1.30. PennantPark Investment Corporation has a 1-year low of $6.86 and a 1-year high of $8.68. The company has a debt-to-equity ratio of 0.84, a quick ratio of 4.54 and a current ratio of 4.54.

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PennantPark Investment Corporation Company Profile

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.

Analyst Recommendations for PennantPark Investment Corporation (NASDAQ:PNNT)

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