$0.18 EPS Expected for PennantPark Investment Corporation (PNNT)

January 20, 2018 - By Adrian Mccoy

 $0.18 EPS Expected for PennantPark Investment Corporation (PNNT)
Investors sentiment decreased to 0.98 in 2017 Q3. Its down 0.43, from 1.41 in 2017Q2. It worsened, as 15 investors sold PennantPark Investment Corporation shares while 34 reduced holdings. 15 funds opened positions while 33 raised stakes. 27.05 million shares or 0.28% more from 26.97 million shares in 2017Q2 were reported.
Exane Derivatives has 7,115 shares. Credit Suisse Ag holds 0% or 90,000 shares in its portfolio. Morgan Stanley reported 0% in PennantPark Investment Corporation (NASDAQ:PNNT). Sei Invs has 0% invested in PennantPark Investment Corporation (NASDAQ:PNNT) for 9,256 shares. Sterneck Cap Mgmt Limited Liability stated it has 157,810 shares or 0.68% of all its holdings. Lc holds 369,051 shares. Lsv Asset Mngmt invested 0.04% of its portfolio in PennantPark Investment Corporation (NASDAQ:PNNT). Royal Bankshares Of Canada holds 33,748 shares or 0% of its portfolio. Blackrock holds 418,566 shares. Ptnrs Grp Holdg Ag holds 90,000 shares or 0.07% of its portfolio. Glenmede Trust Na reported 40 shares stake. X Limited Liability reported 0.01% in PennantPark Investment Corporation (NASDAQ:PNNT). Manufacturers Life Insur Comm The reported 0% in PennantPark Investment Corporation (NASDAQ:PNNT). Hm Payson & holds 0% or 10,142 shares. Gsa Partners Ltd Liability Partnership owns 320,280 shares.

Analysts expect PennantPark Investment Corporation (NASDAQ:PNNT) to report $0.18 EPS on February, 14.They anticipate $0.03 EPS change or 14.29 % from last quarter’s $0.21 EPS. PNNT’s profit would be $12.79M giving it 9.58 P/E if the $0.18 EPS is correct. After having $0.17 EPS previously, PennantPark Investment Corporation’s analysts see 5.88 % EPS growth. The stock increased 0.29% or $0.02 during the last trading session, reaching $6.9. About 228,042 shares traded. PennantPark Investment Corporation (NASDAQ:PNNT) has risen 23.34% since January 20, 2017 and is uptrending. It has outperformed by 6.64% the S&P500.

PennantPark Investment Corporation (NASDAQ:PNNT) Ratings Coverage

Among 12 analysts covering Pennant Investment (NASDAQ:PNNT), 4 have Buy rating, 0 Sell and 8 Hold. Therefore 33% are positive. Pennant Investment had 32 analyst reports since August 6, 2015 according to SRatingsIntel. DA Davidson downgraded the stock to “Neutral” rating in Wednesday, July 27 report. The rating was initiated by DA Davidson with “Buy” on Wednesday, September 30. Keefe Bruyette & Woods maintained it with “Hold” rating and $8.5000 target in Monday, July 24 report. JP Morgan upgraded the shares of PNNT in report on Wednesday, August 9 to “Overweight” rating. The firm has “Hold” rating by Jefferies given on Tuesday, August 15. The firm has “Hold” rating by Jefferies given on Friday, September 22. The company was maintained on Wednesday, August 10 by JMP Securities. The stock of PennantPark Investment Corporation (NASDAQ:PNNT) earned “Hold” rating by Keefe Bruyette & Woods on Thursday, August 24. The rating was maintained by Jefferies on Friday, November 3 with “Hold”. As per Wednesday, November 23, the company rating was downgraded by FBR Capital.

PennantPark Investment Corporation specializes in direct and mezzanine investments in middle market companies. The company has market cap of $490.32 million. It invests in the form of mezzanine debt, senior secured loans, and equity investments. It has a 7.95 P/E ratio. 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 notable recent PennantPark Investment Corporation (NASDAQ:PNNT) news were published by: Nasdaq.com which released: “PennantPark Investment Corporation (PNNT) Ex-Dividend Date Scheduled for …” on December 21, 2017, also Nasdaq.com with their article: “Pennant Park Investment Corp (PNNT) Chairman and CEO / Investment Arthur H …” published on August 16, 2017, Seekingalpha.com published: “PennantPark Investment’s (PNNT) CEO Art Penn on Q4 2017 Results – Earnings …” on December 01, 2017. More interesting news about PennantPark Investment Corporation (NASDAQ:PNNT) were released by: Nasdaq.com and their article: “PennantPark Investment Corporation (PNNT) Ex-Dividend Date Scheduled for …” published on September 18, 2017 as well as Fool.com‘s news article titled: “PennantPark Investment Corp.: A Case in Earnings Quality” with publication date: August 24, 2017.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our daily email newsletter.

Free Email Newsletter

Enter your email address below to get the latest news and analysts' ratings for your stocks with our FREE daily email newsletter: