Wall Street analysts expect that PennantPark Investment Corp. (NASDAQ:PNNT) will report earnings per share of $0.16 for the current fiscal quarter, according to Zacks Investment Research. Four analysts have provided estimates for PennantPark Investment’s earnings. The highest EPS estimate is $0.18 and the lowest is $0.15. PennantPark Investment also posted earnings of $0.16 per share in the same quarter last year. The business is expected to issue its next earnings results on Thursday, May 14th.

According to Zacks, analysts expect that PennantPark Investment will report full-year earnings of $0.66 per share for the current financial year, with EPS estimates ranging from $0.63 to $0.69. For the next financial year, analysts forecast that the business will post earnings of $0.72 per share, with EPS estimates ranging from $0.69 to $0.76. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side analysts that that provide coverage for PennantPark Investment.

PennantPark Investment (NASDAQ:PNNT) last posted its quarterly earnings results on Thursday, February 6th. The asset manager reported $0.15 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.17 by ($0.02). The company had revenue of $26.00 million during the quarter, compared to the consensus estimate of $27.53 million. PennantPark Investment had a net margin of 25.60% and a return on equity of 7.19%.

Several research firms have issued reports on PNNT. JPMorgan Chase & Co. cut PennantPark Investment from a “neutral” rating to an “underweight” rating and dropped their price target for the company from $6.50 to $6.00 in a report on Tuesday, October 29th. Zacks Investment Research cut PennantPark Investment from a “hold” rating to a “sell” rating in a report on Thursday. BidaskClub cut PennantPark Investment from a “hold” rating to a “sell” rating in a report on Friday. Finally, ValuEngine raised PennantPark Investment from a “sell” rating to a “hold” rating in a report on Tuesday, December 3rd. Three investment analysts have rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $7.13.

In other news, CEO Arthur H. Penn acquired 10,000 shares of the stock in a transaction on Wednesday, February 12th. The shares were purchased at an average cost of $6.56 per share, for a total transaction of $65,600.00. Following the transaction, the chief executive officer now owns 193,410 shares in the company, valued at approximately $1,268,769.60. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Arthur H. Penn acquired 16,000 shares of the stock in a transaction on Monday, December 2nd. The shares were purchased at an average price of $6.17 per share, for a total transaction of $98,720.00. Following the completion of the transaction, the chief executive officer now owns 193,410 shares in the company, valued at approximately $1,193,339.70. The disclosure for this purchase can be found here. Over the last quarter, insiders have acquired 42,000 shares of company stock worth $261,600. Corporate insiders own 3.00% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Tower Research Capital LLC TRC grew its position in PennantPark Investment by 515.4% during the 3rd quarter. Tower Research Capital LLC TRC now owns 5,422 shares of the asset manager’s stock worth $34,000 after purchasing an additional 4,541 shares in the last quarter. PVG Asset Management Corp purchased a new position in shares of PennantPark Investment during the 3rd quarter valued at $67,000. Cambridge Investment Research Advisors Inc. purchased a new position in shares of PennantPark Investment during the 2nd quarter valued at $77,000. Koshinski Asset Management Inc. purchased a new position in shares of PennantPark Investment during the 4th quarter valued at $80,000. Finally, Wealthspire Advisors L.P. purchased a new position in shares of PennantPark Investment during the 4th quarter valued at $85,000. Hedge funds and other institutional investors own 39.02% of the company’s stock.

Shares of NASDAQ PNNT traded up $0.03 during trading on Friday, hitting $6.59. The company had a trading volume of 296,642 shares, compared to its average volume of 304,084. The company has a market cap of $441.83 million, a P/E ratio of 15.33 and a beta of 1.07. PennantPark Investment has a 52 week low of $5.84 and a 52 week high of $7.34. The business’s 50-day moving average is $6.59 and its 200 day moving average is $6.35. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.46 and a current ratio of 0.46.

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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