PennantPark Investment (PNNT) Announces Quarterly Dividend of $0.28

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) opened at 11.15 on Tuesday. PennantPark Investment has a 1-year low of $9.24 and a 1-year high of $12.24. The stock’s 50-day moving average is currently $11.36.

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.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.

Latest News

How to Trade on Forex – 8 Steps for Beginners
How to Trade on Forex – 8 Steps for Beginners
Super Nintendo World Theme Park Officially Starts Construction
Super Nintendo World Theme Park Officially Starts Construction
Amazon and Apple Join Foxconn to Secure Chip Business of Toshiba
Amazon and Apple Join Foxconn to Secure Chip Business of Toshiba
Camera Zooms In and Can Recognize Faces
Camera Zooms In and Can Recognize Faces
Netflix Could See 150 Million Worldwide Subscribers
Netflix Could See 150 Million Worldwide Subscribers
LeEco Cutting Over 70% of Staff in U.S. Amidst Pull Back
LeEco Cutting Over 70% of Staff in U.S. Amidst Pull Back


© 2006-2017 Ticker Report. Google+.