PennantPark Investment (NASDAQ:PNNT) will be posting its quarterly earnings results after the market closes on Wednesday, August 7th. Analysts expect PennantPark Investment to post earnings of $0.19 per share for the quarter.
PennantPark Investment (NASDAQ:PNNT) last announced its earnings results on Thursday, May 9th. The asset manager reported $0.16 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.17 by ($0.01). PennantPark Investment had a return on equity of 7.94% and a net margin of 28.97%. The firm had revenue of $28.69 million during the quarter, compared to the consensus estimate of $28.89 million. On average, analysts expect PennantPark Investment to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.
Shares of NASDAQ:PNNT opened at $6.44 on Tuesday. PennantPark Investment has a 52-week low of $6.21 and a 52-week high of $7.84. The company has a market cap of $431.77 million, a price-to-earnings ratio of 8.59 and a beta of 1.14. The stock has a 50 day moving average price of $6.43. The company has a debt-to-equity ratio of 1.13, a current ratio of 1.58 and a quick ratio of 1.58.
In related news, Chairman Arthur H. Penn purchased 15,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 15th. The shares were bought at an average price of $6.58 per share, for a total transaction of $98,700.00. Following the purchase, the chairman now directly owns 193,410 shares of the company’s stock, valued at approximately $1,272,637.80. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Chairman Arthur H. Penn purchased 16,000 shares of the business’s stock in a transaction that occurred on Monday, May 13th. The stock was bought at an average price of $6.52 per share, for a total transaction of $104,320.00. Following the purchase, the chairman now directly owns 193,410 shares in the company, valued at $1,261,033.20. The disclosure for this purchase can be found here. Corporate insiders own 2.00% of the company’s stock.
About PennantPark Investment
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.
Featured Story: Average Daily Trade Volume – What You Need to Know
Receive News & Ratings for PennantPark Investment Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PennantPark Investment and related companies with MarketBeat.com's FREE daily email newsletter.