PennantPark Investment Corp. (NASDAQ:PNNT) Chairman Arthur H. Penn acquired 15,000 shares of the business’s stock in a transaction that occurred on Friday, August 9th. The stock was purchased at an average price of $6.39 per share, for a total transaction of $95,850.00. Following the completion of the transaction, the chairman now owns 193,410 shares in the company, valued at $1,235,889.90. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink.
PennantPark Investment stock opened at $6.31 on Thursday. The firm has a market cap of $425.07 million, a PE ratio of 8.93 and a beta of 1.14. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.26 and a current ratio of 1.26. The firm’s 50-day moving average is $6.44. PennantPark Investment Corp. has a 52 week low of $6.21 and a 52 week high of $7.84.
PennantPark Investment (NASDAQ:PNNT) last released its earnings results on Wednesday, August 7th. The asset manager reported $0.17 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.19 by ($0.02). The company had revenue of $28.11 million for the quarter, compared to analyst estimates of $29.38 million. PennantPark Investment had a net margin of 18.01% and a return on equity of 8.08%. On average, equities research analysts anticipate that PennantPark Investment Corp. will post 0.72 earnings per share for the current year.
A number of institutional investors have recently added to or reduced their stakes in the business. Stifel Financial Corp grew its stake in shares of PennantPark Investment by 4.9% in the fourth quarter. Stifel Financial Corp now owns 32,300 shares of the asset manager’s stock worth $207,000 after acquiring an additional 1,500 shares in the last quarter. Bank of America Corp DE grew its stake in shares of PennantPark Investment by 30.5% in the fourth quarter. Bank of America Corp DE now owns 16,860 shares of the asset manager’s stock worth $108,000 after acquiring an additional 3,936 shares in the last quarter. Squarepoint Ops LLC acquired a new position in shares of PennantPark Investment in the fourth quarter worth $91,000. Legal & General Group Plc grew its stake in shares of PennantPark Investment by 11.8% in the fourth quarter. Legal & General Group Plc now owns 308,602 shares of the asset manager’s stock worth $1,970,000 after acquiring an additional 32,532 shares in the last quarter. Finally, Millennium Management LLC grew its stake in shares of PennantPark Investment by 36.3% in the fourth quarter. Millennium Management LLC now owns 471,012 shares of the asset manager’s stock worth $3,000,000 after acquiring an additional 125,492 shares in the last quarter. 43.04% of the stock is currently owned by hedge funds and other institutional investors.
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.
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