Today: Aviv Efrat invests in 28,000 by buying PennantPark Investment Corp. (PNNT) Stock shares

Today: Aviv Efrat invests in 28,000 by buying PennantPark Investment Corp. (PNNT) Stock shares

PennantPark Investment Corp. (NASDAQ:PNNT) CFO Aviv Efrat purchased 28,000 shares of PennantPark Investment Corp. stock in a transaction that occurred on Wednesday, November 23rd. The shares were bought at an average cost of $7.08 per share, for a total transaction of $198,240.00. Following the transaction, the chief financial officer now directly owns 96,102 shares of the company’s stock, valued at $680,402.16. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

Shares of PennantPark Investment Corp. (NASDAQ:PNNT) traded up 0.69% on Monday, hitting $7.31. The stock had a trading volume of 208,960 shares. The firm has a 50-day moving average of $7.50 and a 200 day moving average of $7.26. PennantPark Investment Corp. has a 1-year low of $4.65 and a 1-year high of $8.30.

PennantPark Investment Corp. (NASDAQ:PNNT) last posted its quarterly earnings results on Monday, November 21st. The company reported $0.21 EPS for the quarter, missing analysts’ consensus estimates of $0.26 by $0.05. PennantPark Investment Corp. had a return on equity of 10.77% and a net margin of 4.38%. During the same quarter in the prior year, the firm posted $0.27 earnings per share. Analysts predict that PennantPark Investment Corp. will post $1.03 EPS for the current year.

PNNT has been the topic of a number of analyst reports. JMP Securities increased their price target 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. Zacks Investment Research downgraded PennantPark Investment Corp. from a “hold” rating to a “sell” rating in a research report on Wednesday, October 5th. FBR & Co increased their price target on PennantPark Investment Corp. from $7.50 to $8.00 and gave the stock an “outperform” rating in a research report on Tuesday, August 9th. Jefferies Group reissued a “hold” rating on shares of PennantPark Investment Corp. in a research report on Friday, August 5th. Finally, Ladenburg Thalmann raised PennantPark Investment Corp. from a “neutral” rating to a “buy” rating in a research report on Tuesday, November 22nd. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and two have assigned a buy rating to the stock. PennantPark Investment Corp. currently has a consensus rating of “Hold” and a consensus target price of $7.17.

Several large investors have recently bought and sold shares of the company. Credit Suisse AG boosted its stake in PennantPark Investment Corp. by 141.2% in the third quarter. Credit Suisse AG now owns 39,662 shares of the company’s stock worth $298,000 after buying an additional 23,218 shares during the period. Nuveen Fund Advisors LLC boosted its stake in PennantPark Investment Corp. by 3.8% in the third quarter. Nuveen Fund Advisors LLC now owns 357,998 shares of the company’s stock worth $2,692,000 after buying an additional 13,147 shares during the period. Ares Management LLC boosted its stake in PennantPark Investment Corp. by 115.6% in the third quarter. Ares Management LLC now owns 963,259 shares of the company’s stock worth $7,244,000 after buying an additional 516,511 shares during the period. Partners Capital Investment Group Holdings LLC boosted its stake in PennantPark Investment Corp. by 4.1% in the third quarter. Partners Capital Investment Group Holdings LLC now owns 447,778 shares of the company’s stock worth $3,367,000 after buying an additional 17,437 shares during the period. Finally, Stephens Inc. AR boosted its stake in PennantPark Investment Corp. by 4.6% in the third quarter. Stephens Inc. AR now owns 17,448 shares of the company’s stock worth $131,000 after buying an additional 773 shares during the period. 32.54% of the stock is currently owned by institutional investors.

PennantPark Investment Corp. Company Profile

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