Trading Report: Today, Robert W. Baird Reiterates Neutral Rating for PennantPark Investment Corp. (PNNT)

Today, Robert W. Baird Reiterates Neutral Rating for PennantPark Investment Corp. (PNNT)

PennantPark Investment Corp. (NASDAQ:PNNT)‘s stock had its “neutral” rating reiterated by investment analysts at Robert W. Baird in a report released on Saturday. They currently have a $6.00 target price on the stock. Robert W. Baird’s price objective points to a potential downside of 17.36% from the company’s previous close.

Several other equities analysts also recently commented on the company. Zacks Investment Research downgraded PennantPark Investment Corp. from a “hold” rating to a “strong sell” rating in a research report on Thursday. FBR & Co downgraded PennantPark Investment Corp. from an “outperform” rating to a “market perform” rating and set a $8.00 target price on the stock. in a research report on Wednesday. Ladenburg Thalmann upgraded PennantPark Investment Corp. from a “neutral” rating to a “buy” rating in a research report on Tuesday. Jefferies Group reiterated a “hold” rating on shares of PennantPark Investment Corp. in a research report on Friday, August 12th. Finally, JMP Securities boosted their target price on PennantPark Investment Corp. from $7.50 to $8.50 and gave the stock a “market outperform” rating in a research report on Wednesday, August 10th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and two have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $7.17.

Shares of PennantPark Investment Corp. (NASDAQ:PNNT) opened at 7.26 on Friday. The stock’s market cap is $515.90 million. The firm has a 50-day moving average price of $7.50 and a 200 day moving average price of $7.26. PennantPark Investment Corp. has a 12-month low of $4.65 and a 12-month high of $8.30.

PennantPark Investment Corp. (NASDAQ:PNNT) last announced its quarterly earnings data on Monday, November 21st. The company reported $0.21 EPS for the quarter, missing the Thomson Reuters’ consensus estimate 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 period in the previous year, the company earned $0.27 earnings per share. Equities research analysts expect that PennantPark Investment Corp. will post $1.03 earnings per share for the current year.

A number of large investors have recently modified their holdings of PNNT. KCG Holdings Inc. bought a new stake in shares of PennantPark Investment Corp. during the second quarter valued at $102,000. Societe Generale bought a new stake in shares of PennantPark Investment Corp. during the second quarter valued at $104,000. Essex Financial Services Inc. bought a new stake in shares of PennantPark Investment Corp. during the second quarter valued at $104,000. 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 valued at $108,000 after buying an additional 680 shares during the last quarter. Finally, GAM Holding AG bought a new stake in shares of PennantPark Investment Corp. during the third quarter valued at $113,000. 33.70% of the stock is currently owned by institutional investors.

About PennantPark Investment Corp.

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