Pennantpark Investment (PNNT) Receives a Hold from KBW

KBW analyst Paul Johnson maintained a Hold rating on Pennantpark Investment (PNNT – Research Report) yesterday and set a price target of $7.00. The company’s shares closed yesterday at $7.39.

According to TipRanks, Johnson is a 2-star analyst with an average return of 2.0% and a 44.44% success rate. Johnson covers the Financial sector, focusing on stocks such as BlackRock TCP Capital, Fidus Investment, and Golub Capital Bdc.

The word on The Street in general, suggests a Hold analyst consensus rating for Pennantpark Investment with a $7.00 average price target.

The company has a one-year high of $7.27 and a one-year low of $4.26. Currently, Pennantpark Investment has an average volume of 418.9K.

Based on the recent corporate insider activity of 17 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of PNNT in relation to earlier this year.

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Pennantpark Investment (PNNT) Company Description:

PennantPark Investment Corp. engages in the provision of access to the middle market direct lending. It seeks to create diversified portfolio which includes first lien secured debt, second lien secured debt, subordinated debt and equity investments. The company was founded by Arthur H. Penn on January 11, 2007 and is headquartered in New York, NY.