News coverage about PennantPark Investment (NASDAQ:PNNT) has trended somewhat positive on Tuesday, Accern reports. The research firm identifies negative and positive media coverage by monitoring more than twenty million blog and news sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. PennantPark Investment earned a daily sentiment score of 0.12 on Accern’s scale. Accern also gave news coverage about the asset manager an impact score of 44.7214677971693 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
These are some of the news articles that may have effected Accern Sentiment’s scoring:
- Critical Contrast: PennantPark Floating Rate (PFLT) versus PennantPark Investment (PNNT) (americanbankingnews.com)
- PennantPark Investment Corp. (PNNT) Given Average Rating of “Buy” by Analysts (americanbankingnews.com)
- PennantPark Investment (PNNT) versus Arlington Asset Investment (AI) Head to Head Review (americanbankingnews.com)
- PennantPark Investment (PNNT) Upgraded at JPMorgan Chase (americanbankingnews.com)
- PennantPark Investment (PNNT) Stock Rating Upgraded by Zacks Investment Research (americanbankingnews.com)
A number of research firms have recently weighed in on PNNT. TheStreet raised shares of PennantPark Investment from a “c” rating to a “b-” rating in a research report on Thursday, March 29th. BidaskClub raised shares of PennantPark Investment from a “strong sell” rating to a “sell” rating in a research report on Saturday, February 10th. Zacks Investment Research raised shares of PennantPark Investment from a “strong sell” rating to a “hold” rating in a research report on Saturday, February 3rd. Ladenburg Thalmann raised shares of PennantPark Investment from a “neutral” rating to a “buy” rating and set a $8.00 price target for the company in a research report on Friday, February 9th. Finally, ValuEngine downgraded shares of PennantPark Investment from a “strong-buy” rating to a “buy” rating in a research report on Friday, February 2nd. One investment analyst has rated the stock with a sell rating, three have given a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $8.21.
PennantPark Investment (NASDAQ:PNNT) last released its quarterly earnings data on Wednesday, February 7th. The asset manager reported $0.20 EPS for the quarter, topping analysts’ consensus estimates of $0.18 by $0.02. The firm had revenue of $28.67 million during the quarter, compared to the consensus estimate of $28.12 million. PennantPark Investment had a net margin of 41.17% and a return on equity of 8.58%. The firm’s revenue was down 10.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.21 earnings per share. equities research analysts anticipate that PennantPark Investment will post 0.75 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 2nd. Shareholders of record on Monday, March 19th were issued a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a yield of 10.30%. The ex-dividend date of this dividend was Friday, March 16th. PennantPark Investment’s dividend payout ratio is presently 91.14%.
In other PennantPark Investment news, Chairman Arthur H. Penn acquired 10,000 shares of the firm’s stock in a transaction on Friday, February 9th. The stock was purchased at an average price of $6.94 per share, with a total value of $69,400.00. Following the completion of the acquisition, the chairman now directly owns 193,410 shares in the company, valued at approximately $1,342,265.40. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 2.00% of the company’s stock.
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PennantPark Investment 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.
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