PennantPark Investment (NASDAQ:PNNT) declared a quarterly dividend on Monday, June 3rd, Analyst Ratings Network reports. Investors of record on Friday, June 21st will be given a dividend of $0.28 per share on Thursday, August 1st. This represents a $1.12 dividend on an annualized basis and a yield of 10.04%.
PNNT has been the subject of a number of recent research reports. Analysts at FBR Capital Markets downgraded shares of PennantPark Investment from an “outperform” rating to a “market perform” rating in a research note to investors on Friday, May 10th. They now have a $11.50 price target on the stock. They noted that the move was a valuation call. Analysts at Wells Fargo downgraded shares of PennantPark Investment from an “outperform” rating to a “market perform” rating in a research note to investors on Tuesday, March 26th.
Three research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $11.67.
PennantPark Investment (NASDAQ: PNNT) last posted its quarterly earnings results on Wednesday, May 8th. The company reported $0.25 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.27 by $0.02. On average, analysts predict that PennantPark Investment will post $1.06 earnings per share for the current fiscal year.
PennantPark Investment Corporation (NASDAQ: PNNT) is a business development company focused to generate both income and capital appreciation through debt and equity investments in the United States middle-market companies in the form of senior secured loans, mezzanine debt and equity investments.
