PennantPark Investment Corp. (PNNT) : Partners Capital Investment Group reduced its stake in PennantPark Investment Corp. by 27.91% during the most recent quarter end. The investment management company now holds a total of 430,341 shares of PennantPark Investment Corp. which is valued at $3,279,198 after selling 166,572 shares in PennantPark Investment Corp. , the firm said in a disclosure report filed with the SEC on Aug 11, 2016.PennantPark Investment Corp. makes up approximately 0.85% of Partners Capital Investment Group’s portfolio.
Other Hedge Funds, Including , Vsr Financial Services boosted its stake in PNNT in the latest quarter, The investment management firm added 5,100 additional shares and now holds a total of 16,697 shares of PennantPark Investment Corp. which is valued at $127,231. PennantPark Investment Corp. makes up approx 0.02% of Vsr Financial Services’s portfolio. Buckhead Capital Management sold out all of its stake in PNNT during the most recent quarter. The investment firm sold 100,000 shares of PNNT which is valued $740,000.Sheaff Brock Investment Advisors boosted its stake in PNNT in the latest quarter, The investment management firm added 680 additional shares and now holds a total of 15,750 shares of PennantPark Investment Corp. which is valued at $116,708. PennantPark Investment Corp. makes up approx 0.01% of Sheaff Brock Investment Advisors’s portfolio.Sg Americas Securities reduced its stake in PNNT by selling 1,300 shares or 7.89% in the most recent quarter. The Hedge Fund company now holds 15,183 shares of PNNT which is valued at $111,595.Creative Planning boosted its stake in PNNT in the latest quarter, The investment management firm added 1,400 additional shares and now holds a total of 3,785 shares of PennantPark Investment Corp. which is valued at $27,252.
PennantPark Investment Corp. opened for trading at $7.75 and hit $7.75 on the upside on Tuesday, eventually ending the session at $7.73, with a gain of 0.13% or 0.01 points. The heightened volatility saw the trading volume jump to 3,54,679 shares. Company has a market cap of $549 M.
On the company’s financial health, PennantPark Investment Corp. reported $0.25 EPS for the quarter, based on the information available during the earnings call on Aug 8, 2016. Analyst had a consensus estimate of $0.25. The company had revenue of $35.54 million for the quarter, compared to analysts expectations of $35.63 million. The company’s revenue was down -12.5 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.28 EPS.
Many Wall Street Analysts have commented on PennantPark Investment Corp.. Company shares were Reiterated by FBR Capital on Aug 9, 2016 to “Outperform”, Firm has raised the Price Target to $ 8 from a previous price target of $7.50 .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.
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 Companys 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.