PennantPark Investment Corporation (NASDAQ:PNNT) Rating Changes as of Jun 29, 2018

June 29, 2018 - By Anthony Rauscher

During Q1 2018 the big money sentiment decreased to 1.15. That’s change of 0.03, from 2017Q4’s 1.18. 12 investors sold all, 28 reduced holdings as PennantPark Investment Corporation ratio dived. 34 grew stakes while 12 funds bought stakes. Funds hold 28.25 million shares thus 4.67% more from 2017Q4’s 26.98 million shares.
Royal National Bank Of Canada reported 0% of its capital in PennantPark Investment Corporation (NASDAQ:PNNT). Lpl Financial Ltd Liability Corp holds 37,206 shs. Susquehanna Group Incorporated Limited Liability Partnership has invested 0% in PennantPark Investment Corporation (NASDAQ:PNNT). Cullen Frost Bankers Inc holds 18,263 shs. State Bank Of America De owns 11,626 shs. 963,557 were accumulated by West Family Inc. New York-based Virtu Fin Lc has invested 0.02% in PennantPark Investment Corporation (NASDAQ:PNNT). Bessemer Grp Incorporated owns 4,400 shs. Greenwich Invest Management has invested 4.34% in PennantPark Investment Corporation (NASDAQ:PNNT). 920,659 are owned by Confluence Investment Mngmt Ltd Company. Eagle Glob Advisors Llc reported 34,200 shs stake. Private Advisor Group Limited Co has invested 0% of its capital in PennantPark Investment Corporation (NASDAQ:PNNT). Optimum Investment Advsr has invested 0.06% in PennantPark Investment Corporation (NASDAQ:PNNT). Winch Advisory Services Ltd Liability Corporation accumulated 775 shs or 0% of the stock. Moreover, Raymond James And has 0% invested in PennantPark Investment Corporation (NASDAQ:PNNT) for 37,264 shs.

PennantPark Investment Corporation (NASDAQ:PNNT) Ratings Coverage

In total 3 analysts cover Pennantpark Investment Corp (NASDAQ:PNNT). “Buy” rating has 1, “Sell” are 0, while 2 are “Hold”. 33% are bullish. 3 are the (NASDAQ:PNNT)’s analyst reports since January 19, 2018 according to StockzIntelligence Inc. On Thursday, February 8 the stock of PennantPark Investment Corporation (NASDAQ:PNNT) earned “Hold” rating by Keefe Bruyette & Woods. On Friday, January 19 Jefferies maintained the shares of PNNT in report with “Hold” rating. On Friday, February 9 the firm has “Buy” rating given by Ladenburg Thalmann. Listed here are PennantPark Investment Corporation (NASDAQ:PNNT) PTs and latest ratings.

09/02/2018 Broker: Ladenburg Thalmann Old Rating: Neutral New Rating: Buy Upgrade
08/02/2018 Broker: Keefe Bruyette & Woods Rating: Hold New Target: $7.5 Maintain
19/01/2018 Broker: Jefferies Rating: Hold New Target: $7.0 Maintain

PNNT touched $6.96 during the last trading session after $0.01 change.PennantPark Investment Corporation has volume of 34,146 shares. Since June 29, 2017 PNNT has declined 1.87% and is downtrending. PNNT underperformed by 14.44% the S&P500.

PennantPark Investment Corporation specializes in direct and mezzanine investments in middle market companies.The company has $494.58 million market cap. It invests in the form of mezzanine debt, senior secured loans, and equity investments.The P/E ratio is 8.02. 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, gas and oil, media, environmental services, aerospace and defense, manufacturing industries and retail.

More recent PennantPark Investment Corporation (NASDAQ:PNNT) news were released by Seekingalpha.com, Seekingalpha.com and Investorplace.com. The first one has “Upcoming Book Value Declines For This Higher Yielding BDC?” as a title and was released on June 20, 2018. The next is “TCG BDC Inc.: 9% Dividend Yield With Upside For Rising Interest Rates” on June 01, 2018. And last was released on June 14, 2018, called “Top 3 Dividend Stocks Under $10”.

PennantPark Investment Corporation (NASDAQ:PNNT) Institutional Investors Chart

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