Newest Rating: Time To Buy Pennant Investment (PNNT), Ladenburg Thalmann Upgrades It

November 23, 2016 - By Darrin Black

Newest Rating:  Time To Buy Pennant Investment (PNNT), Ladenburg Thalmann Upgrades It

Pennant Investment (PNNT) Upgrade

Ladenburg Thalmann upgraded Pennant Investment (PNNT)‘s stock to a “Buy” rating from “Neutral”. This rating change was revealed to investors in a analysts note today.

PennantPark Investment Corp. (NASDAQ:PNNT) Ratings Coverage

Out of 3 analysts covering Pennant Investment (PNNT), 3 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. $10.0 is the highest target while $8.0 is the lowest. The $9 average target is 24.14% above today’s ($7.25) stock price. Pennant Investment has been the topic of 3 analyst reports since August 6, 2015 according to StockzIntelligence Inc. The firm earned “Buy” rating on Thursday, August 6 by MLV. The firm has “Buy” rating by DA Davidson given on Wednesday, September 30. The stock of PennantPark Investment Corp. (NASDAQ:PNNT) has “Buy” rating given on Tuesday, November 22 by Ladenburg Thalmann.

The stock decreased 5.72% or $0.44 on November 22, hitting $7.25. PennantPark Investment Corp. (PNNT) has risen 14.72% since April 21, 2016 and is uptrending. It has outperformed by 9.39% the S&P500.

Insitutional Activity: The institutional sentiment increased to 1.12 in 2016 Q2. Its up 0.24, from 0.88 in 2016Q1. The ratio increased, as 17 funds sold all PennantPark Investment Corp. shares owned while 32 reduced positions. 12 funds bought stakes while 31 increased positions. They now own 21.22 million shares or 3.29% more from 20.54 million shares in 2016Q1.

Goldman Sachs Gp last reported 11,518 shares in the company. Creative Planning accumulated 3,785 shares or 0% of the stock. Essex Financial Inc has 0.03% invested in the company for 15,300 shares. Glenmede Co Na holds 0% of its portfolio in PennantPark Investment Corp. (NASDAQ:PNNT) for 131 shares. Prtn Group Hldgs Ag has 104,400 shares for 0.16% of their US portfolio. Ladenburg Thalmann Fin has 69,774 shares for 0.01% of their US portfolio. Advisory Svcs Network Limited Liability Company last reported 9,500 shares in the company. Old Second National Bank & Trust Of Aurora holds 1,702 shares or 0.01% of its portfolio. Tfs Capital Ltd Com has invested 0.02% of its portfolio in PennantPark Investment Corp. (NASDAQ:PNNT). The New Jersey-based Kcg has invested 0% in PennantPark Investment Corp. (NASDAQ:PNNT). Bbr Prtnrs Ltd Liability holds 34,268 shares or 0.04% of its portfolio. Cambridge Invest Research Inc accumulated 0.01% or 63,818 shares. Manufacturers Life Insur Com The, a Ontario – Canada-based fund reported 10,485 shares. Selway Asset Mngmt holds 0.6% or 137,250 shares in its portfolio. D E Shaw Co accumulated 22,402 shares or 0% of the stock.

PennantPark Investment Corporation is a business development firm focused on generating income and capital appreciation through debt and equity investments in the United States middle-market companies in the form of senior secured loans, mezzanine debt and equity investments. The company has a market cap of $513.85 million. The Firm is a closed-end, externally managed, non-diversified investment company. It has a 26.22 P/E ratio. It seeks to create a diversified portfolio that includes senior secured loans, mezzanine debt and equity investments.

According to Zacks Investment Research, “PennantPark Investment Corporation is a business development company which principally invests in U.S. middle-market private companies in the form of mezzanine debt, senior secured loans and equity investments. The companies in which it invests are typically highly leveraged, often as a result of leveraged buy-outs or other recapitalization transactions. PennantPark’s investment objectives are to generate both current income and capital appreciation through debt and equity investments. PennantPark Investment Corporation is managed by PennantPark Investment Advisers, LLC.”

PNNT Company Profile

PennantPark Investment Corporation (PennantPark Investment), incorporated on January 11, 2007, is a business development firm focused to generate both income and capital appreciation through debt and equity investments in the United States middle-market companies in the form of senior secured loans, mezzanine debt and equity investments. The Firm is a closed-end, externally managed, non-diversified investment company. The Firm seeks to create a diversified portfolio that includes senior secured loans, mezzanine debt and equity investments.

More notable recent PennantPark Investment Corp. (NASDAQ:PNNT) news were published by: Seekingalpha.com which released: “PennantPark Investment’s (PNNT) CEO Arthur Penn on Q4 2016 Results – Earnings …” on November 22, 2016, also Marketwatch.com with their article: “PennantPark downgraded to neutral from outperform at RW Baird” published on September 09, 2009, Fool.com published: “How Low Can PennantPark Investment Corp. Go?” on September 27, 2015. More interesting news about PennantPark Investment Corp. (NASDAQ:PNNT) were released by: Equitiesfocus.com and their article: “PennantPark Investment Corporation (NYSE:PNTA) 200-Day MA At $25.0886” published on November 22, 2016 as well as Thestreet.com‘s news article titled: “Why PennantPark Investment (PNNT) Stock Is Down Today” with publication date: September 05, 2014.

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