PennantPark Investment (PNNT) to Release Quarterly Earnings on Monday

PennantPark Investment (NASDAQ:PNNT) will release its earnings data after the market closes on Monday, November 25th. Analysts expect PennantPark Investment to post earnings of $0.22 per share for the quarter.

PennantPark Investment Trading Up 0.6 %

Shares of NASDAQ PNNT opened at $6.98 on Friday. The business has a 50 day simple moving average of $6.96 and a 200 day simple moving average of $7.18. PennantPark Investment has a 52 week low of $6.31 and a 52 week high of $8.04. The company has a debt-to-equity ratio of 1.54, a quick ratio of 0.90 and a current ratio of 0.90. The stock has a market cap of $455.77 million, a price-to-earnings ratio of 10.58 and a beta of 1.52.

PennantPark Investment Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Monday, December 2nd. Investors of record on Friday, November 15th will be issued a $0.08 dividend. The ex-dividend date of this dividend is Friday, November 15th. This represents a $0.96 annualized dividend and a yield of 13.75%. PennantPark Investment’s dividend payout ratio (DPR) is currently 145.45%.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on PNNT shares. StockNews.com cut PennantPark Investment from a “hold” rating to a “sell” rating in a research report on Friday, August 9th. Compass Point upgraded PennantPark Investment from a “sell” rating to a “neutral” rating and set a $6.00 target price on the stock in a report on Monday, September 9th.

About PennantPark Investment

PennantPark Investment Corporation, a business development company is a private equity fund 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 buildings and real estate, hotels, gaming and leisure, technology, telecommunications, transportation, information technology services, electronics, healthcare & pharmaceuticals, education and childcare, financial services, printing and publishing, consumer products, business services, energy & Related Services and utilities, distribution, oil and gas, media, environmental services, aerospace and defense, building materials, capital equipment, chemicals, plastics, & rubber, food & beverage, wholesale, manufacturing and basic industries and retail.