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After finishing at $6.94 in the prior trading day, PennantPark Investment Corporation (NYSE: PNNT) closed at $6.91, down -0.43%. In other words, the price has decreased by -$0.43 from its previous closing price. On the day, 1.08 million shares were traded. PNNT stock price reached its highest trading level at $7.025 during the session, while it also had its lowest trading level at $6.84.
Ratios:
Our goal is to gain a better understanding of PNNT by taking a closer look at its different ratios.
On July 15, 2024, Compass Point Downgraded its rating to Sell which previously was Neutral but kept the price unchanged to $6.50.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Mar 12 ’24 when Allorto Richard T JR bought 5,000 shares for $6.80 per share. The transaction valued at 33,978 led to the insider holds 15,000 shares of the business.
Briones Jose A bought 6,122 shares of PNNT for $41,970 on Feb 26 ’24. The Director now owns 261,657 shares after completing the transaction at $6.86 per share. On Feb 26 ’24, another insider, Briones Jose A, who serves as the Director of the company, bought 1,166 shares for $6.86 each. As a result, the insider paid 7,996 and bolstered with 10,333 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, PNNT now has a Market Capitalization of 451196032 and an Enterprise Value of 1151767936. As of this moment, PennantPark’s Price-to-Earnings (P/E) ratio for their current fiscal year is 10.47, and their Forward P/E ratio for the next fiscal year is 7.85. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 0.31. For the stock, the TTM Price-to-Sale (P/S) ratio is 3.19 while its Price-to-Book (P/B) ratio in mrq is 0.92. Its current Enterprise Value per Revenue stands at 8.148.
Stock Price History:
Over the past 52 weeks, PNNT has reached a high of $8.04, while it has fallen to a 52-week low of $6.31. The 50-Day Moving Average of the stock is -0.69%, while the 200-Day Moving Average is calculated to be -2.32%.
Shares Statistics:
The stock has traded on average 434.41K shares per day over the past 3-months and 498750 shares per day over the last 10 days, according to various share statistics. A total of 65.30M shares are outstanding, with a floating share count of 63.10M. Insiders hold about 3.36% of the company’s shares, while institutions hold 28.34% stake in the company. Shares short for PNNT as of 1730332800 were 1283603 with a Short Ratio of 2.95, compared to 1727654400 on 1221450. Therefore, it implies a Short% of Shares Outstanding of 1283603 and a Short% of Float of 2.0299999.
Dividends & Splits
The stock’s 5-year Average Dividend Yield is 11.68.
