PennantPark Investment Corporation Stock News

PennantPark Investment's dividend coverage is bolstered by two years' worth of undistributed spillover income, but net investment income remains insufficient to support the base distribution. PNNT's portfolio strategy includes a mix of first lien senior secured investments and equity-based investments, with a growing emphasis on its Joint Venture. Despite a high dividend yield of 13.3%, PNNT's ...

PennantPark Investment trades at a discount of ~5%. While the discount certainly makes the entry point interesting, the real question is whether the discount is enough to justify the risks. Looking at the underlying fundamentals, I don't see this to be a case.

PennantPark Investment Corporation (NYSE:PNNT ) Q1 2025 Earnings Conference Call February 11, 2025 12:00 PM ET Company Participants Art Penn - Chairman & Chief Executive Officer Rick Allorto - Chief Financial Officer Conference Call Participants Mark Hughes - Truist Robert Dodd - Raymond James Brian McKenna - Citizens JMP Paul Johnson - KBW Mickey Schleien - Ladenburg Melissa Wedel - JPMorgan C...

MIAMI, Feb. 10, 2025 (GLOBE NEWSWIRE) -- PennantPark Investment Corporation (NYSE: PNNT) announced today its financial results for the first quarter ended December 31, 2024.

MIAMI, Feb. 05, 2025 (GLOBE NEWSWIRE) -- PennantPark Investment Corporation (the "Company") (NYSE: PNNT) declares its monthly distribution for February 2025 of $0.08 per share, payable on March 3, 2025 to stockholders of record as of February 18, 2025. The distribution is expected to be paid from taxable net investment income. The final specific tax characteristics of the distribution will be r...

We take a look at the action in business development companies through the third week of January and highlight some of the key themes we are watching. BDCs had a strong week with a 3% total return, boosted this year by the unwinding of several Fed rate cuts. Blue Owl Capital Corp's merger with OBDE provided significant alpha opportunities due to OBDE's lower valuation.

MIAMI, Jan. 08, 2025 (GLOBE NEWSWIRE) -- PennantPark Investment Corporation (the "Company") (NYSE: PNNT) announced that it will report results for the first fiscal quarter ended December 31, 2024 on Monday, February 10, 2025 after the close of the financial markets.

MIAMI, Jan. 03, 2025 (GLOBE NEWSWIRE) -- PennantPark Investment Corporation (the "Company") (NYSE: PNNT) declares its monthly distribution for January 2025 of $0.08 per share, payable on February 3, 2025 to stockholders of record as of January 15, 2025. The distribution is expected to be paid from taxable net investment income. The final specific tax characteristics of the distribution will be ...