The $0.18 mark is well within reach for PennantPark Investment Corp (NASDAQ:PNNT).

June 14, 2018 - By Linda Rogers

Investors sentiment decreased to 1.15 in Q1 2018. Its down 0.03, from 1.18 in 2017Q4. It dived, as 12 investors sold PennantPark Investment Corporation shares while 28 reduced holdings. 12 funds opened positions while 34 raised stakes. 28.25 million shares or 4.67% more from 26.98 million shares in 2017Q4 were reported.
Fifth Third Comml Bank has invested 0% in PennantPark Investment Corporation (NASDAQ:PNNT). Legal And General Gp Public Limited Company invested in 255,682 shares. Advsrs Cap Management Limited Com has invested 0.09% in PennantPark Investment Corporation (NASDAQ:PNNT). 10,407 were accumulated by Tower Cap Ltd (Trc). New Jersey-based Private Advisor Gru Llc has invested 0% in PennantPark Investment Corporation (NASDAQ:PNNT). Muzinich And invested 2.64% of its portfolio in PennantPark Investment Corporation (NASDAQ:PNNT). D E Shaw & Inc holds 110,383 shares. Clearbridge Lc reported 0.22% of its portfolio in PennantPark Investment Corporation (NASDAQ:PNNT). Arrowmark Colorado Limited Liability owns 1.71M shares for 0.11% of their portfolio. Stephens Ar accumulated 0% or 13,798 shares. Eaton Vance stated it has 72,837 shares or 0% of all its holdings. Her Majesty The Queen In Right Of The Province Of Alberta As Represented By Alberta Mgmt stated it has 163,000 shares. Hl Services Limited Co stated it has 0% of its portfolio in PennantPark Investment Corporation (NASDAQ:PNNT). Great West Life Assurance Com Can, Manitoba – Canada-based fund reported 18,838 shares. Savings Bank Of Montreal Can reported 0% in PennantPark Investment Corporation (NASDAQ:PNNT).

PennantPark Investment Corp (NASDAQ:PNNT) is expected to pay $0.18 on Jul 2, 2018. Shareholders owning the stock before Jun 15, 2018 will be eligible to receive the payout. Based on PennantPark Investment Corp’s current price of $7.23, the dividend is 2.49 %. This dividend’s record date is Jun 18, 2018 and the announcement date is Jun 7, 2018. The stock decreased 0.82% or $0.06 during the last trading session, reaching $7.23. About 174,988 shares traded. PennantPark Investment Corporation (NASDAQ:PNNT) has declined 1.87% since June 14, 2017 and is downtrending. It has underperformed by 14.44% the S&P500.

PennantPark Investment Corporation specializes in direct and mezzanine investments in middle market companies. The company has market cap of $513.77 million. It invests in the form of mezzanine debt, senior secured loans, and equity investments. It has a 8.33 P/E ratio. 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, gas and oil, media, environmental services, aerospace and defense, manufacturing industries and retail.

PennantPark Investment Corporation (NASDAQ:PNNT) Ratings Coverage

Among 3 analysts covering Pennantpark Investment Corp (NASDAQ:PNNT), 1 have Buy rating, 0 Sell and 2 Hold. Therefore 33% are positive. Pennantpark Investment Corp had 3 analyst reports since January 19, 2018 according to SRatingsIntel. The rating was maintained by Keefe Bruyette & Woods on Thursday, February 8 with “Hold”. The firm earned “Hold” rating on Friday, January 19 by Jefferies. The rating was upgraded by Ladenburg Thalmann to “Buy” on Friday, February 9.

More recent PennantPark Investment Corporation (NASDAQ:PNNT) news were published by: Seekingalpha.com which released: “This 11.2% Yielding BDC Is Ready For Shareholder Activism” on May 30, 2018. Also Seekingalpha.com published the news titled: “TCG BDC Inc.: 9% Dividend Yield With Upside For Rising Interest Rates” on June 01, 2018. Globenewswire.com‘s news article titled: “Recent Analysis Shows Capital Senior Living, Digital Realty Trust, Minerva Neurosciences, Zix, First Merchants, and …” with publication date: May 22, 2018 was also an interesting one.

PennantPark Investment Corporation (NASDAQ:PNNT) Institutional Positions Chart

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