For those aiming to surpass market returns, the art of stock picking is crucial. Making wise choices in stocks can greatly enhance your overall wealth.
In the latest session, PennantPark Investment Corporation (NYSE: PNNT) closed at $6.27 down -2.18% from its previous closing price of $6.41. In other words, the price has decreased by -$2.18 from its previous closing price. On the day, 1.07 million shares were traded. PNNT stock price reached its highest trading level at $6.44 during the session, while it also had its lowest trading level at $6.14.
Ratios:
For a deeper understanding of PennantPark Investment Corporation’s stock, let’s take a closer look at its various ratios.
On September 09, 2024, Compass Point Upgraded its rating to Neutral which previously was Sell but kept the price unchanged to $6.
Compass Point Downgraded its Neutral to Sell on July 15, 2024, while the target price for the stock was maintained at $6.50.
Insider Transactions:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. A recent insider transaction in this stock occurred on Nov 27 ’24 when Briones Jose A bought 3,675 shares for $6.79 per share. The transaction valued at 24,972 led to the insider holds 265,332 shares of the business.
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 418548192 and an Enterprise Value of 1136777856. As of this moment, PennantPark’s Price-to-Earnings (P/E) ratio for their current fiscal year is 7.46, and their Forward P/E ratio for the next fiscal year is 7.87. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.85 while its Price-to-Book (P/B) ratio in mrq is 0.83. Its current Enterprise Value per Revenue stands at 7.911.
Stock Price History:
The Beta on a monthly basis for PNNT is 1.07, which has changed by -0.07929516 over the last 52 weeks, in comparison to a change of 0.028231144 over the same period for the S&P500. Over the past 52 weeks, PNNT has reached a high of $8.04, while it has fallen to a 52-week low of $5.72. The 50-Day Moving Average of the stock is -10.76%, while the 200-Day Moving Average is calculated to be -10.97%.
Shares Statistics:
For the past three months, PNNT has traded an average of 536.63K shares per day and 928310 over the past ten days. A total of 65.30M shares are outstanding, with a floating share count of 63.09M. Insiders hold about 3.37% of the company’s shares, while institutions hold 24.29% stake in the company. Shares short for PNNT as of 1741910400 were 1877521 with a Short Ratio of 2.93, compared to 1739491200 on 1410431. Therefore, it implies a Short% of Shares Outstanding of 1877521 and a Short% of Float of 2.98.
Dividends & Splits
According to the company, the forward annual dividend rate for PNNT is 0.94, from 0.91 in the trailing year. Against a Trailing Annual Dividend Yield of 0.14196569The stock’s 5-year Average Dividend Yield is 11.53.
