PennantPark Investment Corporation (PNNT) Scheduled to Post Earnings on Wednesday

PennantPark Investment Corporation (NASDAQ:PNNT) will be releasing its earnings data after the market closes on Wednesday, November 29th. Analysts expect PennantPark Investment Corporation to post earnings of $0.19 per share for the quarter.

Shares of PennantPark Investment Corporation (NASDAQ PNNT) opened at $7.53 on Wednesday. PennantPark Investment Corporation has a 12-month low of $6.86 and a 12-month high of $8.68. The company has a debt-to-equity ratio of 0.84, a current ratio of 4.54 and a quick ratio of 4.54. The stock has a market cap of $535.09, a P/E ratio of 9.07, a price-to-earnings-growth ratio of 4.91 and a beta of 1.30.

A hedge fund recently bought a new stake in PennantPark Investment Corporation stock. Northern Trust Corp bought a new stake in PennantPark Investment Corporation (NASDAQ:PNNT) during the second quarter, according to its most recent filing with the SEC. The firm bought 40,805 shares of the asset manager’s stock, valued at approximately $302,000. Hedge funds and other institutional investors own 41.33% of the company’s stock.

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A number of research firms have issued reports on PNNT. BidaskClub upgraded shares of PennantPark Investment Corporation from a “sell” rating to a “hold” rating in a research report on Friday, August 11th. J P Morgan Chase & Co upgraded shares of PennantPark Investment Corporation from a “neutral” rating to an “overweight” rating and raised their price target for the company from $8.00 to $8.50 in a report on Wednesday, August 9th. Zacks Investment Research upgraded shares of PennantPark Investment Corporation from a “sell” rating to a “hold” rating in a report on Wednesday, October 11th. Keefe, Bruyette & Woods restated a “hold” rating and set a $8.50 price target on shares of PennantPark Investment Corporation in a report on Thursday, October 26th. Finally, Jefferies Group LLC restated a “hold” rating and set a $8.00 price target on shares of PennantPark Investment Corporation in a report on Sunday, November 5th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and two have given a buy rating to the stock. PennantPark Investment Corporation presently has an average rating of “Hold” and an average price target of $8.07.

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.

Earnings History for PennantPark Investment Corporation (NASDAQ:PNNT)

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