This Is Too Hot For PennantPark Investment Corporation (NYSE: PNNT), Let’s Take A Closer Look

After Hours

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities.

Stocks Info

As a NYSE listed company, PNNT falls under the Financial sector while operating within the Asset Management industry segment. The current market capitalization of PennantPark Investment Corporation is $469.48M. A total of 0.37 million shares were traded on the day, compared to an average of 477.99K shares.

In the most recent transaction, Briones Jose A bought 3,675 shares of PNNT for 6.79 per share on Nov 27 ’24. After the transaction, the Director now owns 265,332 company shares. In a previous transaction on Mar 12 ’24, Allorto Richard T JR bought 5,000 shares at 6.80 per share. PNNT shares that CFO and Treasurer owns now total 15,000.

Among the insiders who bought shares, Briones Jose A acquired of 6,122 shares on Feb 26 ’24 at a per-share price of $6.86. This resulted in the Director holding 261,657 shares of PNNT after the transaction. In another insider transaction, Briones Jose A bought 1,166 shares at $6.86 per share on Feb 26 ’24. Company shares held by the Director now total 10,333.

Dividend

Investors prefer companies that pay dividends because dividends generate immediate cash flow and indicate a positive outlook. PennantPark Investment Corporation pays an annual dividend of $0.91, resulting in a dividend yield of 12.66%, and it has a price to earnings (P/E) ratio of 10.89.

In spite of price targets being rarely accurate, it tends to exert some kind influence from time to time, and was often accepted by the market as having some value. In terms of 52-week highs and lows, PNNT has a high of $8.04 and a low of $6.43.

As of this writing, PNNT has an earnings estimate of $0.21 per share for the current quarter. EPS was calculated based on a consensus of 7.0 estimates, with a high estimate of $0.22 per share and a lower estimate of $0.19.

Balance Sheet Annually/Quarterly

The balance sheet of a company shows what assets and liabilities a company has, as well as the amount, equity investors have invested. With the help of this information, a company’s financial ratios can be calculated to give investors an overview of the company’s prospects. Its Book Value Per Share was $7.52, while its Total Shareholder’s Equity was $660.14M.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside 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 3.33.

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