PennantPark Investment Corporation (NYSE: PNNT) has a higher price-to-earnings ratio of 10.55x compared to its average ratio. PNNT has 36-month beta value of 1.56. Analysts have mixed views on the stock, with 2 analysts rating it as a “buy,” 1 as “overweight,” 7 as “hold,” and 0 as “sell.”
The public float for PNNT is 63.10M, and currently, short sellers hold a 2.00% ratio of that float. The average trading volume of PNNT on September 12, 2024 was 490.08K shares.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
PNNT) stock’s latest price update
The stock of PennantPark Investment Corporation (NYSE: PNNT) has decreased by -0.78 when compared to last closing price of 7.02. Despite this, the company has experienced a 0.07% gain in its stock price over the last five trading sessions. globenewswire.com reported 2024-09-05 that Joint Venture to Continue to Target the Attractive Core Middle Market Joint Venture Is Generating Strong Returns NEW YORK, Sept. 05, 2024 (GLOBE NEWSWIRE) — PennantPark Investment Corporation (“PNNT”) (NYSE: PNNT) today announced it has agreed to expand its investment in PennantPark Senior Loan Fund, LLC (“PSLF” or the “JV”), its unconsolidated joint venture with the private credit investment business of Pantheon Ventures (UK) LLP (“Pantheon”).
PNNT’s Market Performance
PennantPark Investment Corporation (PNNT) has seen a 0.07% rise in stock performance for the week, with a -0.92% decline in the past month and a -9.31% plunge in the past quarter. The volatility ratio for the week is 1.44%, and the volatility levels for the past 30 days are at 1.29% for PNNT. The simple moving average for the past 20 days is -0.43% for PNNT’s stock, with a -1.01% simple moving average for the past 200 days.
Analysts’ Opinion of PNNT
Many brokerage firms have already submitted their reports for PNNT stocks, with Compass Point repeating the rating for PNNT by listing it as a “Neutral.” The predicted price for PNNT in the upcoming period, according to Compass Point is $6 based on the research report published on September 09, 2024 of the current year 2024.
Compass Point, on the other hand, stated in their research note that they expect to see PNNT reach a price target of $6.50. The rating they have provided for PNNT stocks is “Sell” according to the report published on July 15th, 2024.
PNNT Trading at -2.92% 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 -13.37% of loss for the given period.
Volatility was left at 1.29%, however, over the last 30 days, the volatility rate increased by 1.44%, as shares sank -1.07% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -8.60% lower at present.
During the last 5 trading sessions, PNNT rose by +0.07%, which changed the moving average for the period of 200-days by +6.99% in comparison to the 20-day moving average, which settled at $6.99. In addition, PennantPark Investment Corporation saw 0.80% 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:
- 0.79 for the present operating margin
- 1.66 for the gross margin
The net margin for PennantPark Investment Corporation stands at 0.49. The total capital return value is set at 0.06.
Based on PennantPark Investment Corporation (PNNT), the company’s capital structure generated 0.66 points at debt to capital in total, while cash flow to debt ratio is standing at -0.01. The debt to equity ratio resting at 1.93. The interest coverage ratio of the stock is 1.59.
Currently, EBITDA for the company is -26.14 million with net debt to EBITDA at 10.13. When we switch over and look at the enterprise to sales, we see a ratio of 13.26. The receivables turnover for the company is 6.36for trailing twelve months and the total asset turnover is 0.07.
Conclusion
To put it simply, PennantPark Investment Corporation (PNNT) has had a mixed performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
