Trade Report: Today: PennantPark Investment Corp. (PNNT) Lowered by FBR & Co

Today: PennantPark Investment Corp. (PNNT) Lowered by FBR & Co

FBR & Co lowered shares of PennantPark Investment Corp. (NASDAQ:PNNT) from an outperform rating to a market perform rating in a research report sent to investors on Wednesday morning. FBR & Co currently has $8.00 price objective on the stock.

A number of other equities analysts have also recently commented on the stock. Ladenburg Thalmann raised shares of PennantPark Investment Corp. from a neutral rating to a buy rating in a research note on Tuesday, November 22nd. Zacks Investment Research raised shares of PennantPark Investment Corp. from a sell rating to a hold rating in a research report on Wednesday, October 12th. Jefferies Group reissued a hold rating on shares of PennantPark Investment Corp. in a research report on Friday, August 12th. JMP Securities boosted their price objective on shares of PennantPark Investment Corp. from $7.50 to $8.50 and gave the company a market outperform rating in a research report on Wednesday, August 10th. Finally, DA Davidson cut shares of PennantPark Investment Corp. from a buy rating to a neutral rating and lowered their price objective for the company from $10.00 to $7.00 in a research report on Wednesday, July 27th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and two have assigned a buy rating to the company’s stock. PennantPark Investment Corp. has an average rating of Hold and an average target price of $7.17.

PennantPark Investment Corp. (NASDAQ:PNNT) opened at 7.26 on Wednesday. PennantPark Investment Corp. has a 52 week low of $4.65 and a 52 week high of $8.30. The firm’s 50 day moving average is $7.50 and its 200-day moving average is $7.26.

PennantPark Investment Corp. (NASDAQ:PNNT) last released 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 previous year, the firm earned $0.27 EPS. On average, analysts predict that PennantPark Investment Corp. will post $1.03 earnings per share for the current fiscal year.

Large investors have recently bought and sold shares of the stock. KCG Holdings Inc. purchased a new position in PennantPark Investment Corp. during the second quarter valued at approximately $102,000. Societe Generale purchased a new position in PennantPark Investment Corp. during the second quarter valued at approximately $104,000. Essex Financial Services Inc. purchased a new position in PennantPark Investment Corp. during the second quarter valued at approximately $104,000. Sheaff Brock Investment Advisors LLC raised its position in 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 period. Finally, GAM Holding AG purchased a new position in PennantPark Investment Corp. during the third quarter valued at approximately $113,000. Institutional investors and hedge funds own 32.54% of the company’s stock.

PennantPark Investment Corp. Company Profile

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