Aviv Efrat Purchases 29,100 Shares of PennantPark Investment Corp. (NASDAQ:PNNT) Stock

PennantPark Investment Corp. (NASDAQ:PNNT) CFO Aviv Efrat bought 29,100 shares of the firm’s stock in a transaction dated Monday, March 23rd. The shares were bought at an average price of $2.58 per share, with a total value of $75,078.00. Following the completion of the transaction, the chief financial officer now directly owns 162,203 shares in the company, valued at approximately $418,483.74. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Aviv Efrat also recently made the following trade(s):

  • On Wednesday, March 18th, Aviv Efrat bought 27,000 shares of PennantPark Investment stock. The shares were bought at an average price of $2.22 per share, with a total value of $59,940.00.

PennantPark Investment stock traded up $0.59 during trading hours on Thursday, hitting $3.11. The stock had a trading volume of 417,022 shares, compared to its average volume of 929,752. The company has a quick ratio of 0.46, a current ratio of 0.46 and a debt-to-equity ratio of 1.26. The stock has a market cap of $147.50 million, a price-to-earnings ratio of 7.23 and a beta of 1.06. PennantPark Investment Corp. has a one year low of $1.76 and a one year high of $7.19. The business’s 50 day simple moving average is $5.25 and its 200-day simple moving average is $6.05.

PennantPark Investment (NASDAQ:PNNT) last posted its earnings results on Thursday, February 6th. The asset manager reported $0.15 EPS for the quarter, missing the consensus estimate of $0.17 by ($0.02). The firm had revenue of $26.00 million during the quarter, compared to the consensus estimate of $27.53 million. PennantPark Investment had a net margin of 25.60% and a return on equity of 7.19%. Research analysts anticipate that PennantPark Investment Corp. will post 0.66 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 1st. Shareholders of record on Wednesday, March 18th will be given a $0.18 dividend. The ex-dividend date of this dividend is Tuesday, March 17th. This represents a $0.72 annualized dividend and a yield of 23.15%. PennantPark Investment’s dividend payout ratio is presently 109.09%.

Several equities analysts have recently weighed in on PNNT shares. BidaskClub cut PennantPark Investment from a “hold” rating to a “sell” rating in a report on Friday, March 13th. ValuEngine cut PennantPark Investment from a “hold” rating to a “sell” rating in a research note on Friday, March 13th. Finally, Zacks Investment Research upgraded PennantPark Investment from a “sell” rating to a “hold” rating in a research note on Tuesday, March 10th. Three analysts have rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $7.13.

Institutional investors have recently bought and sold shares of the business. Tower Research Capital LLC TRC raised its position in PennantPark Investment by 515.4% in the third quarter. Tower Research Capital LLC TRC now owns 5,422 shares of the asset manager’s stock valued at $34,000 after purchasing an additional 4,541 shares during the last quarter. PVG Asset Management Corp acquired a new stake in shares of PennantPark Investment in the third quarter valued at about $67,000. Koshinski Asset Management Inc. acquired a new stake in shares of PennantPark Investment in the fourth quarter valued at about $80,000. Wealthspire Advisors L.P. acquired a new stake in shares of PennantPark Investment in the fourth quarter valued at about $85,000. Finally, Raymond James Financial Services Advisors Inc. acquired a new stake in shares of PennantPark Investment in the fourth quarter valued at about $92,000. Hedge funds and other institutional investors own 40.57% of the company’s stock.

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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Insider Buying and Selling by Quarter for PennantPark Investment (NASDAQ:PNNT)

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