Delphi Financial Group buys $13,413,940 stake in PennantPark Investment Corp. (PNNT)

PennantPark Investment Corp. (PNNT) : Delphi Financial Group scooped up 15,817 additional shares in PennantPark Investment Corp. during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Jul 22, 2016. The investment management firm now holds a total of 1,837,526 shares of PennantPark Investment Corp. which is valued at $13,413,940.PennantPark Investment Corp. makes up approximately 3.33% of Delphi Financial Group’s portfolio.

Other Hedge Funds, Including , Old Second National Bank Of Aurora boosted its stake in PNNT in the latest quarter, The investment management firm added 702 additional shares and now holds a total of 1,702 shares of PennantPark Investment Corp. which is valued at $12,425. PennantPark Investment Corp. makes up approx 0.01% of Old Second National Bank Of Aurora’s portfolio. Fox Run Management L.l.c. sold out all of its stake in PNNT during the most recent quarter. The investment firm sold 19,500 shares of PNNT which is valued $141,180. North Star Investment Management Corp. added PNNT to its portfolio by purchasing 2,000 company shares during the most recent quarter which is valued at $14,400.

PennantPark Investment Corp. opened for trading at $7.31 and hit $7.37 on the upside on Friday, eventually ending the session at $7.37, with a gain of 1.38% or 0.1 points. The heightened volatility saw the trading volume jump to 3,81,644 shares. Company has a market cap of $524 M.

On the company’s financial health, PennantPark Investment Corp. reported $0.29 EPS for the quarter, based on the information available during the earnings call on May 4, 2016. Analyst had a consensus estimate of $0.29.Analysts expectations of $ 38.54.During the same quarter in the previous year, the company posted $0.29 EPS.

Many Wall Street Analysts have commented on PennantPark Investment Corp.. Shares were Downgraded by DA Davidson on Jul 27, 2016 to ” Neutral” and Lowered the Price Target to $ 7 from a previous price target of $10 .PennantPark Investment Corp. was Downgraded by JP Morgan to ” Neutral” on Jul 18, 2016. Robert W. Baird Downgraded PennantPark Investment Corp. on May 2, 2016 to ” Neutral”, Price Target of the shares are set at $6.

PennantPark Investment Corporation (PennantPark Investment) is a business development company focused on generating income and capital appreciation through debt and equity investments in the United States middle-market companies in the form of senior secured loans mezzanine debt and equity investments. The Company is a closed-end externally managed non-diversified investment company. It seeks to create a diversified portfolio that includes senior secured loans mezzanine debt and equity investments. The Company’s portfolio of industries include aerospace and defense auto sector beverage food and tobacco business services cable television communications distribution education electronics grocery insurance logistics other media and retail stores. The Company has two wholly owned subsidiaries: SBIC LP and SBIC II. PennantPark Investment Advisers LLC acts as the investment adviser of the Company.

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