PennantPark Investment (NASDAQ:PNNT) issued its quarterly earnings results on Wednesday. The asset manager reported $0.17 EPS for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.01), Bloomberg Earnings reports. The business had revenue of $24.76 million for the quarter, compared to analyst estimates of $26.13 million. PennantPark Investment had a net margin of 38.78% and a return on equity of 8.17%.
Shares of PennantPark Investment opened at $7.53 on Friday, MarketBeat reports. PennantPark Investment has a fifty-two week low of $6.29 and a fifty-two week high of $7.84. The stock has a market cap of $537.93 million, a P/E ratio of 9.53 and a beta of 1.20. The company has a quick ratio of 6.66, a current ratio of 6.66 and a debt-to-equity ratio of 0.76.
A number of research analysts have recently commented on PNNT shares. Zacks Investment Research raised PennantPark Investment from a “sell” rating to a “hold” rating and set a $8.25 price target on the stock in a report on Thursday, July 26th. BidaskClub raised PennantPark Investment from a “sell” rating to a “hold” rating in a research note on Thursday, May 24th. ValuEngine cut PennantPark Investment from a “buy” rating to a “hold” rating in a research note on Wednesday, May 2nd. Finally, Keefe, Bruyette & Woods set a $8.00 target price on PennantPark Investment and gave the company a “hold” rating in a research note on Thursday. Five research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $8.06.
PennantPark Investment Corporation is a closed-end, non-diversified investment company. The Company is a business development company. Its objectives are to generate both current income and capital appreciation while seeking to preserve capital through debt and equity investments primarily made to the United States middle-market companies in the form of senior secured debt, mezzanine debt and equity investments.
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