Trade Report: Today, PennantPark Investment Corp. to Post FY2018 Earnings of $0.82 Per Share, Jefferies Group Forecasts (PNNT)

Today, PennantPark Investment Corp. to Post FY2018 Earnings of $0.82 Per Share, Jefferies Group Forecasts (PNNT)

PennantPark Investment Corp. (NASDAQ:PNNT) – Jefferies Group issued their FY2018 earnings per share estimates for shares of PennantPark Investment Corp. in a report issued on Tuesday. Jefferies Group analyst J. Hecht anticipates that the firm will post earnings per share of $0.82 for the year. Jefferies Group has a “Hold” rating on the stock.

A number of other analysts also recently weighed in on the stock. JMP Securities increased their price target on shares of PennantPark Investment Corp. from $7.50 to $8.50 and gave the company a “market outperform” rating in a report on Wednesday, August 10th. Zacks Investment Research downgraded shares of PennantPark Investment Corp. from a “buy” rating to a “hold” rating in a report on Friday, August 12th. FBR & Co increased their price target on shares of PennantPark Investment Corp. from $7.50 to $8.00 and gave the company an “outperform” rating in a report on Tuesday, August 9th. Ladenburg Thalmann raised shares of PennantPark Investment Corp. from a “neutral” rating to a “buy” rating in a report on Tuesday. Finally, Robert W. Baird reissued a “neutral” rating and issued a $6.00 price target on shares of PennantPark Investment Corp. in a report on Saturday. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and two have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $7.17.

PennantPark Investment Corp. (NASDAQ:PNNT) traded up 2.54% on Thursday, reaching $7.26. 343,924 shares of the company’s stock were exchanged. The firm’s market capitalization is $515.90 million. PennantPark Investment Corp. has a 12 month low of $4.65 and a 12 month high of $8.30. The firm has a 50-day moving average of $7.50 and a 200-day moving average of $7.26.

PennantPark Investment Corp. (NASDAQ:PNNT) last posted its earnings results on Monday, November 21st. The company reported $0.21 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.26 by $0.05. PennantPark Investment Corp. had a net margin of 4.38% and a return on equity of 10.77%. During the same quarter last year, the business earned $0.27 EPS.

Institutional investors have recently made changes to their positions in the stock. GAM Holding AG purchased a new stake in shares of PennantPark Investment Corp. during the third quarter worth about $113,000. KCG Holdings Inc. purchased a new stake in shares of PennantPark Investment Corp. during the second quarter worth about $102,000. Societe Generale purchased a new stake in shares of PennantPark Investment Corp. during the second quarter worth about $104,000. Essex Financial Services Inc. purchased a new stake in shares of PennantPark Investment Corp. during the second quarter worth about $104,000. Finally, Sheaff Brock Investment Advisors LLC boosted its stake in shares of PennantPark Investment Corp. by 4.5% in the second quarter. Sheaff Brock Investment Advisors LLC now owns 15,750 shares of the company’s stock worth $108,000 after buying an additional 680 shares during the period. Institutional investors own 33.70% of the company’s stock.

PennantPark Investment Corp. Company Profile

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