Brokerages expect PennantPark Investment Corp. (NASDAQ:PNNT) to report earnings of $0.15 per share for the current fiscal quarter, according to Zacks. Four analysts have provided estimates for PennantPark Investment’s earnings, with the lowest EPS estimate coming in at $0.14 and the highest estimate coming in at $0.17. PennantPark Investment reported earnings per share of $0.17 during the same quarter last year, which indicates a negative year-over-year growth rate of 11.8%. The company is scheduled to announce its next earnings report on Wednesday, August 5th.
On average, analysts expect that PennantPark Investment will report full year earnings of $0.61 per share for the current year, with EPS estimates ranging from $0.58 to $0.67. For the next fiscal year, analysts anticipate that the firm will post earnings of $0.55 per share, with EPS estimates ranging from $0.50 to $0.59. Zacks’ EPS averages are an average based on a survey of analysts that cover PennantPark Investment.
PennantPark Investment (NASDAQ:PNNT) last issued its quarterly earnings results on Monday, May 11th. The asset manager reported $0.15 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.16 by ($0.01). The company had revenue of $27.54 million for the quarter, compared to analyst estimates of $27.62 million. PennantPark Investment had a positive return on equity of 7.35% and a negative net margin of 24.82%.
Shares of PNNT traded up $0.14 during trading hours on Wednesday, reaching $3.44. The stock had a trading volume of 19,037 shares, compared to its average volume of 524,680. The stock has a market capitalization of $221.23 million, a PE ratio of -8.40 and a beta of 1.65. The company has a debt-to-equity ratio of 1.64, a quick ratio of 1.40 and a current ratio of 1.40. PennantPark Investment has a 12 month low of $1.76 and a 12 month high of $6.86. The company’s 50-day moving average is $3.33 and its two-hundred day moving average is $4.72.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 1st. Investors of record on Wednesday, June 17th will be issued a $0.12 dividend. The ex-dividend date of this dividend is Tuesday, June 16th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 13.95%. PennantPark Investment’s dividend payout ratio (DPR) is presently 72.73%.
Several large investors have recently bought and sold shares of PNNT. New England Private Wealth Advisors LLC purchased a new position in shares of PennantPark Investment during the 1st quarter valued at $26,000. Lido Advisors LLC purchased a new position in shares of PennantPark Investment during the 1st quarter valued at $27,000. XTX Markets LLC purchased a new position in shares of PennantPark Investment during the 1st quarter valued at $31,000. Wealthspire Advisors L.P. purchased a new position in shares of PennantPark Investment during the 4th quarter valued at $85,000. Finally, Raymond James Financial Services Advisors Inc. purchased a new position in shares of PennantPark Investment during the 4th quarter valued at $92,000. 38.12% of the stock is currently owned by institutional investors.
PennantPark Investment Company Profile
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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