PennantPark Investment Corporation (NYSE: PNNT): Is It A Buying Opportunity Again?

After Hours

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility.

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Stocks Info

PNNT belongs to the Financial sector of the NYSE while operating in the Asset Management industry. The current market capitalization of PennantPark Investment Corporation is $506.14M. A total of 0.27 million shares were traded on the day, compared to an average of 387.53K shares.

In the most recent transaction, Allorto Richard T JR bought 5,000 shares of PNNT for 6.80 per share on Mar 12 ’24. After the transaction, the CFO and Treasurer now owns 15,000 company shares. In a previous transaction on Feb 26 ’24, Briones Jose A bought 6,122 shares at 6.86 per share. PNNT shares that Director owns now total 261,657.

Among the insiders who bought shares, Briones Jose A acquired of 1,166 shares on Feb 26 ’24 at a per-share price of $6.86. This resulted in the Director holding 10,333 shares of PNNT after the transaction. In another insider transaction, Briones Jose A bought 3,800 shares at $6.67 per share on Feb 13 ’24. Company shares held by the Director now total 255,535.

Dividend

Paying dividends generates immediate cash flow for investors and indicates a positive outlook for the company. PennantPark Investment Corporation pays an annual dividend of $0.85, resulting in a dividend yield of 10.95%, and it has a price to earnings (P/E) ratio of 8.43.

While price targets are rarely accurate, they tend to exert some kind of influence from time to time and are often taken into account by investors. In terms of 52-week highs and lows, PNNT has a high of $7.77 and a low of $5.89.

Balance Sheet Annually/Quarterly

An organization’s balance sheet depicts the assets and liabilities it has, as well as the amount of equity invested. Investors can measure a company’s prospects by calculating its financial ratios using this information. Its Book Value Per Share was $7.69, while its Total Shareholder’s Equity was $660.14M.

Analysts Opinion

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for PNNT is Buy with a score of 3.50.

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