PennantPark Investment Corporation (NYSE: PNNT) has a higher price-to-earnings ratio of 9.80x compared to its average ratio, The 36-month beta value for PNNT is at 1.54. Analysts have varying views on the stock, with 2 analysts rating it as a “buy,” 1 rating it as “overweight,” 7 as “hold,” and 0 as “sell.”
The public float for PNNT is 63.03M, and currently, shorts hold a 1.31% of that float. The average trading volume for PNNT on May 10, 2024 was 423.28K shares.
PNNT) stock’s latest price update
The stock price of PennantPark Investment Corporation (NYSE: PNNT) has dropped by -1.83 compared to previous close of 7.39. Despite this, the company has seen a gain of 3.05% in its stock price over the last five trading days. Zacks Investment Research reported 2024-05-08 that Although the revenue and EPS for PennantPark (PNNT) give a sense of how its business performed in the quarter ended March 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
PNNT’s Market Performance
PennantPark Investment Corporation (PNNT) has seen a 3.05% rise in stock performance for the week, with a 3.94% gain in the past month and a 7.80% surge in the past quarter. The volatility ratio for the week is 1.84%, and the volatility levels for the past 30 days are at 1.64% for PNNT. The simple moving average for the past 20 days is 2.70% for PNNT’s stock, with a 8.43% simple moving average for the past 200 days.
Analysts’ Opinion of PNNT
Compass Point, on the other hand, stated in their research note that they expect to see PNNT reach a price target of $6.75. The rating they have provided for PNNT stocks is “Neutral” according to the report published on August 15th, 2023.
Keefe Bruyette gave a rating of “Mkt Perform” to PNNT, setting the target price at $5.50 in the report published on February 09th of the previous year.
PNNT Trading at 5.19% from the 50-Day Moving Average
After a stumble in the market that brought PNNT to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -2.16% of loss for the given period.
Volatility was left at 1.64%, however, over the last 30 days, the volatility rate increased by 1.84%, as shares surge +6.61% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +6.45% upper at present.
During the last 5 trading sessions, PNNT rose by +3.13%, which changed the moving average for the period of 200-days by +11.86% in comparison to the 20-day moving average, which settled at $7.09. In addition, PennantPark Investment Corporation saw 4.99% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at PNNT starting from Allorto Richard T JR, who purchase 5,000 shares at the price of $6.80 back on Mar 12 ’24. After this action, Allorto Richard T JR now owns 15,000 shares of PennantPark Investment Corporation, valued at $33,978 using the latest closing price.
Briones Jose A, the Director of PennantPark Investment Corporation, purchase 6,122 shares at $6.86 during a trade that took place back on Feb 26 ’24, which means that Briones Jose A is holding 261,657 shares at $41,970 based on the most recent closing price.
Stock Fundamentals for PNNT
Current profitability levels for the company are sitting at:
- 0.93 for the present operating margin
- 1.76 for the gross margin
The net margin for PennantPark Investment Corporation stands at 0.53. The total capital return value is set at 0.07.
Based on PennantPark Investment Corporation (PNNT), the company’s capital structure generated 0.23 points at debt to capital in total, while cash flow to debt ratio is standing at 0.52. The debt to equity ratio resting at 0.3. The interest coverage ratio of the stock is 1.83.
Currently, EBITDA for the company is -26.14 million with net debt to EBITDA at 2.28. When we switch over and look at the enterprise to sales, we see a ratio of 7.09. The receivables turnover for the company is 8.92for trailing twelve months and the total asset turnover is 0.06.
Conclusion
In conclusion, PennantPark Investment Corporation (PNNT) has had a better performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
