Dividend Growth of PennantPark Investment Corporation(PNNT)

PennantPark Investment Corporation(PNNT) is having a Dividend Yield of 13.21% with the Annual cash Dividend per share of $1.12. The last quarter cash dividend per share pay out was $0.28. PennantPark Investment Corporation has a 5 year average dividend yield of 12.25% and the stock has a Indicated annual dividend of $1.12. PennantPark Investment Corporation(PNNT) formally announced its most recent dividend on December 5, 2016 with a Dividend per share of $0.28. The new indicated annual dividend based on announced dividend per share is $1.12. The dividend yield based on the forward looking indicated annual dividend is 13.21%. PennantPark Investment Corporation(PNNT) has the most recent dividend payout ratio of 1.17 with a 5-year average payout ratio of 1.06. Companys change in pay out ratio when compared to the last 5 years average pay out ratio has been 0.11.

PennantPark Investment Corporation (NASDAQ:PNNT) witnessed a decline in the market cap on Thursday as its shares dropped 0.94% or 0.08 points. After the session commenced at $8.47, the stock reached the higher end at $8.48 while it hit a low of $8.21. With the volume soaring to 532,895 shares, the last trade was called at $8.4. The company has a 52-week high of $8.68. The company has a market cap of $597 million and there are 71,060,836 shares in outstanding. The 52-week low of the share price is $5.1. Shares of PennantPark Investment Corporation rose by 1.45% in the last five trading days and 8.67% for the last 4 weeks. PennantPark Investment Corporation is up 15.58% in the last 3-month period. Year-to-Date the stock performance stands at 9.66%.

Currently the company Insiders own 1.9% of PennantPark Investment Corporation shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by 12.83% . Institutional Investors own 35.4% of PennantPark Investment Corporation shares. During last six month period, the net percent change held by insiders has seen a change of 12.83%. Company has reported several Insider transactions to the SEC, on Dec 8, 2016, Adam K Bernstein (director) purchased 200 shares at 7.67 per share price.On Dec 8, 2016, Jeffrey Flug (director) sold 4,708 shares at 7.61 per share price.On Dec 2, 2016, Arthur H Penn (CEO) purchased 10,000 shares at 7.52 per share price.

Several Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock.PennantPark Investment Corp. was Downgraded by Ladenburg Thalmann to Neutral on Feb 9, 2017. PennantPark Investment Corp. was Downgraded by FBR & Co. on Nov 23, 2016 to Mkt Perform, Price Target of the shares are set at $8.PennantPark Investment Corp. was Upgraded by Ladenburg Thalmann to Buy on Nov 22, 2016.

PennantPark Investment Corp. Last issued its quarterly earnings results on Nov 21, 2016. The company reported $0.21 EPS for the quarter, missing the analyst consensus estimate by $ -0.05. Analyst had a consensus of $0.26.Analysts expectations of $ 35.73.During the same quarter in the previous year, the company posted $0.27 EPS.

PennantPark Investment Corporation is a business development company which principally invests in U.S. middle-market private companies in the form of mezzanine debt, senior secured loans and equity investments. The companies in which it invests are typically highly leveraged, often as a result of leveraged buy-outs or other recapitalization transactions. PennantParks investment objectives are to generate both current income and capital appreciation through debt and equity investments. PennantPark Investment Corporation is managed by PennantPark Investment Advisers, LLC.


Share this post

Leave a Reply