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The closing price of PennantPark Investment Corporation (NYSE: PNNT) was $6.80 for the day, down -2.02% from the previous closing price of $6.94. In other words, the price has decreased by -$2.02 from its previous closing price. On the day, 0.66 million shares were traded. PNNT stock price reached its highest trading level at $6.95 during the session, while it also had its lowest trading level at $6.78.
Ratios:
Our analysis of PNNT’s different ratios will help us gain a deeper understanding of the company.
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:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. 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 444013504 and an Enterprise Value of 1142626432. As of this moment, PennantPark’s Price-to-Earnings (P/E) ratio for their current fiscal year is 10.30, and their Forward P/E ratio for the next fiscal year is 7.64. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 0.30. For the stock, the TTM Price-to-Sale (P/S) ratio is 3.14 while its Price-to-Book (P/B) ratio in mrq is 0.90. Its current Enterprise Value per Revenue stands at 8.083.
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 $6.01. The 50-Day Moving Average of the stock is -3.38%, while the 200-Day Moving Average is calculated to be -3.68%.
Shares Statistics:
PNNT traded an average of 493.12K shares per day over the past three months and 459530 shares per day over the past ten days. 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 28.43% stake in the company. Shares short for PNNT as of 1724976000 were 1263547 with a Short Ratio of 2.33, compared to 1722384000 on 1190126. Therefore, it implies a Short% of Shares Outstanding of 1263547 and a Short% of Float of 2.0.
Dividends & Splits
With its trailing 12-month dividend rate of 0.85, PNNT has a forward annual dividend rate of 0.88. Against a Trailing Annual Dividend Yield of 0.12247839The stock’s 5-year Average Dividend Yield is 11.65.
Earnings Estimates
Its stock is currently analyzed by 7.0 different market analysts. The consensus estimate for the next quarter is $0.22, with high estimates of $0.25 and low estimates of $0.21.
Analysts are recommending an EPS of between $0.98 and $0.88 for the fiscal current year, implying an average EPS of $0.92. EPS for the following year is $0.89, with 7.0 analysts recommending between $0.98 and $0.83.
Revenue Estimates
It is expected that $90B in revenue will be generated in the current quarter, according to 7 analysts. It ranges from a high estimate of $37.94M to a low estimate of $34.62M. As of the current estimate, PennantPark Investment Corporation’s year-ago sales were $30.71MFor the next quarter, 7 analysts are estimating revenue of $35.89M. There is a high estimate of $37.48M for the next quarter, whereas the lowest estimate is $34.28M.
A total of 7 analysts have provided revenue estimates for PNNT’s current fiscal year. The highest revenue estimate was $145.26M, while the lowest revenue estimate was $140.6M, resulting in an average revenue estimate of $143.13M. In the same quarter a year ago, actual revenue was $46.31MBased on 7 analysts’ estimates, the company’s revenue will be $140.93M in the next fiscal year. The high estimate is $149.93M and the low estimate is $135M.
