PennantPark Investment (PNNT) Scheduled to Post Quarterly 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 interested in participating in the company’s conference call can do so using this link.

PennantPark Investment (NASDAQ:PNNT) last issued its earnings results on Wednesday, February 7th. The asset manager reported $0.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.23 by $0.01. The company had revenue of $34.34 million for the quarter, compared to analysts’ expectations 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

PNNT stock opened at $7.12 on Wednesday. The firm has a market cap of $464.04 million, a price-to-earnings ratio of 9.61 and a beta of 1.52. The firm has a 50-day simple moving average of $6.84 and a two-hundred day simple moving average of $6.73. PennantPark Investment has a one year low of $4.70 and a one year high of $7.27. The company has a debt-to-equity ratio of 1.39, a quick ratio of 0.81 and a current ratio of 0.81.

PennantPark Investment Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Wednesday, May 1st. Shareholders of record on Monday, April 15th will be given a dividend of $0.07 per share. This represents a $0.84 dividend on an annualized basis and a yield of 11.81%. The ex-dividend date of this dividend is Friday, April 12th. PennantPark Investment’s dividend payout ratio is presently 113.52%.

Insiders Place Their Bets

In other news, CFO Richard T. Allorto, Jr. acquired 5,000 shares of the company’s stock in a transaction dated Tuesday, March 12th. The shares were acquired at an average price of $6.80 per share, with a total value of $34,000.00. Following the purchase, the chief financial officer now directly owns 15,000 shares of the company’s stock, valued at $102,000. The purchase was disclosed in a legal filing with the SEC, which is available at this link. In related news, Director Jose A. Briones purchased 6,122 shares of PennantPark Investment stock in a transaction dated Monday, February 26th. The shares were acquired at an average price of $6.86 per share, for a total transaction of $41,996.92. Following the acquisition, the director now directly owns 261,657 shares in the company, valued at $1,794,967.02. The purchase was disclosed in a filing with the SEC, which is available through this link. Also, CFO Richard T. Allorto, Jr. acquired 5,000 shares of PennantPark Investment stock in a transaction that occurred on Tuesday, March 12th. The stock was bought at an average price of $6.80 per share, for a total transaction of $34,000.00. Following the completion of the acquisition, 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 ninety days, insiders acquired 22,372 shares of company stock valued at $151,258. 3.00% of the stock is owned by insiders.

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.