PennantPark Investment Corp. (NASDAQ:PNNT) CFO Aviv Efrat purchased 29,100 shares of the business’s stock in a transaction on Monday, March 23rd. The stock was acquired at an average cost of $2.58 per share, with a total value of $75,078.00. Following the completion of the acquisition, the chief financial officer now directly owns 162,203 shares in the company, valued at approximately $418,483.74. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Aviv Efrat also recently made the following trade(s):

  • On Wednesday, March 18th, Aviv Efrat acquired 27,000 shares of PennantPark Investment stock. The shares were purchased at an average cost of $2.22 per share, with a total value of $59,940.00.

PNNT stock traded up $0.59 during midday trading on Thursday, hitting $3.11. 417,022 shares of the company traded hands, compared to its average volume of 929,752. PennantPark Investment Corp. has a twelve month low of $1.76 and a twelve month high of $7.19. The company has a quick ratio of 0.46, a current ratio of 0.46 and a debt-to-equity ratio of 1.26. The business has a 50 day simple moving average of $5.25 and a 200-day simple moving average of $6.05. The stock has a market capitalization of $147.50 million, a price-to-earnings ratio of 7.23 and a beta of 1.06.

PennantPark Investment (NASDAQ:PNNT) last announced its quarterly earnings results on Thursday, February 6th. The asset manager reported $0.15 EPS for the quarter, missing the consensus estimate of $0.17 by ($0.02). PennantPark Investment had a net margin of 25.60% and a return on equity of 7.19%. The company had revenue of $26.00 million for the quarter, compared to analyst estimates of $27.53 million. Equities research analysts forecast that PennantPark Investment Corp. will post 0.66 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 1st. Shareholders of record on Wednesday, March 18th will be issued a dividend of $0.18 per share. The ex-dividend date of this dividend is Tuesday, March 17th. This represents a $0.72 annualized dividend and a yield of 23.15%. PennantPark Investment’s dividend payout ratio (DPR) is presently 109.09%.

PNNT has been the subject of a number of research analyst reports. Zacks Investment Research raised shares of PennantPark Investment from a “sell” rating to a “hold” rating in a research report on Tuesday, March 10th. BidaskClub downgraded PennantPark Investment from a “hold” rating to a “sell” rating in a report on Friday, March 13th. Finally, ValuEngine downgraded PennantPark Investment from a “hold” rating to a “sell” rating in a report on Friday, March 13th. Three research analysts have rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $7.13.

Hedge funds have recently made changes to their positions in the business. Tower Research Capital LLC TRC grew its stake in shares of PennantPark Investment by 515.4% in the third quarter. Tower Research Capital LLC TRC now owns 5,422 shares of the asset manager’s stock worth $34,000 after acquiring an additional 4,541 shares during the last quarter. PVG Asset Management Corp acquired a new stake in shares of PennantPark Investment in the third quarter worth $67,000. Koshinski Asset Management Inc. acquired a new stake in shares of PennantPark Investment in the fourth quarter worth $80,000. Wealthspire Advisors L.P. acquired a new stake in shares of PennantPark Investment in the fourth quarter worth $85,000. Finally, Raymond James Financial Services Advisors Inc. acquired a new stake in shares of PennantPark Investment in the fourth quarter worth $92,000. Institutional investors own 40.57% of the company’s stock.

PennantPark Investment Company Profile

PennantPark Investment Corporation specializes in direct and mezzanine investments in middle market companies. It invests in the form of mezzanine debt, senior secured loans, and equity investments. The fund typically invests in building and real estate, hotels and gaming, electronics, healthcare, education and childcare, financial services, printing and publishing, consumer products, business services, energy and utilities, distribution, oil and gas, media, environmental services, aerospace and defense, manufacturing industries and retail.

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Insider Buying and Selling by Quarter for PennantPark Investment (NASDAQ:PNNT)

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