PennantPark Investment (PNNT) Scheduled to Post Earnings on Wednesday

PennantPark Investment (NASDAQ:PNNT) is scheduled to be announcing its earnings results after the market closes on Wednesday, May 8th. Analysts expect the company to announce earnings of $0.23 per share for the quarter. Parties that wish to register for the company’s conference call can do so using this link.

PennantPark Investment (NASDAQ:PNNT) last released its quarterly earnings results on Wednesday, February 7th. The asset manager reported $0.24 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.23 by $0.01. The business had revenue of $34.34 million during the quarter, compared to the consensus estimate of $32.49 million. PennantPark Investment had a return on equity of 14.17% and a net margin of 32.55%. 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

PNNT stock opened at $7.04 on Monday. 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 firm has a market cap of $459.15 million, a PE ratio of 9.51 and a beta of 1.49. PennantPark Investment has a 12-month low of $4.70 and a 12-month high of $7.27. The business has a 50 day moving average of $6.86 and a 200-day moving average of $6.75.

PennantPark Investment Announces Dividend

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

Insider Buying and Selling

In other news, Director Jose A. Briones acquired 3,800 shares of PennantPark Investment stock in a transaction dated Tuesday, February 13th. The shares were purchased at an average cost of $6.67 per share, for a total transaction of $25,346.00. Following the transaction, the director now owns 255,535 shares of the company’s stock, valued at $1,704,418.45. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, Director Jose A. Briones purchased 3,800 shares of the firm’s stock in a transaction on Tuesday, February 13th. The shares were acquired at an average cost of $6.67 per share, with a total value of $25,346.00. Following the purchase, 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 accessible through the SEC website. Also, CFO Richard T. Allorto, Jr. acquired 5,000 shares of the company’s stock in a transaction dated Tuesday, March 12th. The shares were bought at an average cost of $6.80 per share, with a total value of $34,000.00. Following the purchase, the chief financial officer now owns 15,000 shares of the company’s stock, valued at approximately $102,000. The disclosure for this purchase can be found here. Over the last quarter, insiders have acquired 22,372 shares of company stock worth $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.