PennantPark Investment (PNNT) Set to Announce Quarterly Earnings on Wednesday

PennantPark Investment (NASDAQ:PNNT) is set to post its quarterly earnings results after the market closes on Wednesday, May 8th. Analysts expect PennantPark Investment to post earnings of $0.23 per share for the quarter. Persons that are interested in registering for the company’s earnings conference call can do so using this link.

PennantPark Investment (NASDAQ:PNNT) last posted its quarterly earnings data on Wednesday, February 7th. The asset manager reported $0.24 EPS for the quarter, beating analysts’ consensus estimates of $0.23 by $0.01. The company had revenue of $34.34 million for the quarter, compared to analyst estimates of $32.49 million. PennantPark Investment had a net margin of 32.55% and a return on equity of 14.17%. On average, analysts expect PennantPark Investment to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

PennantPark Investment Stock Performance

Shares of PNNT stock opened at $7.04 on Monday. The stock has a market capitalization of $459.15 million, a PE ratio of 9.51 and a beta of 1.49. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 1.39. The stock’s 50-day moving average price is $6.86 and its 200 day moving average price is $6.75. PennantPark Investment has a 52-week low of $4.70 and a 52-week high of $7.27.

PennantPark Investment Announces Dividend

The company also recently disclosed a monthly dividend, which was paid on Wednesday, May 1st. Shareholders of record on Monday, April 15th were given a dividend of $0.07 per share. The ex-dividend date was Friday, April 12th. This represents a $0.84 dividend on an annualized basis and a yield of 11.93%. PennantPark Investment’s payout ratio is currently 113.52%.

Insider Transactions at PennantPark Investment

In other news, Director Jose A. Briones acquired 3,800 shares of PennantPark Investment stock in a transaction that occurred on Tuesday, February 13th. The stock was purchased at an average cost of $6.67 per share, with a total value of $25,346.00. Following the completion of the acquisition, the director now owns 255,535 shares in the company, valued at approximately $1,704,418.45. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other PennantPark Investment news, Director Jose A. Briones purchased 3,800 shares of the stock in a transaction dated Tuesday, February 13th. The shares were acquired at an average cost of $6.67 per share, for a total transaction of $25,346.00. Following the completion of the transaction, the director now directly owns 255,535 shares of the company’s stock, valued at $1,704,418.45. The purchase was disclosed in a filing with the SEC, which is available at this link. Also, CFO Richard T. Allorto, Jr. acquired 5,000 shares of the company’s stock in a transaction that occurred on Tuesday, March 12th. The shares were bought at an average price of $6.80 per share, with a total value of $34,000.00. Following the transaction, the chief financial officer now owns 15,000 shares in the company, valued at approximately $102,000. The disclosure for this purchase can be found here. In the last three months, insiders acquired 22,372 shares of company stock valued at $151,258. Corporate insiders own 3.00% of the company’s stock.

PennantPark Investment Company Profile

PennantPark Investment Corporation, a business development company is a private equity fund 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 buildings and real estate, hotels, gaming and leisure, technology, telecommunications, transportation, information technology services, electronics, healthcare & pharmaceuticals, education and childcare, financial services, printing and publishing, consumer products, business services, energy & Related Services and utilities, distribution, oil and gas, media, environmental services, aerospace and defense, building materials, capital equipment, chemicals, plastics, & rubber, food & beverage, wholesale, manufacturing and basic industries and retail.