Pennantpark Invt Corp Stock Price, News & Analysis

PennantPark Investment Corporation (NYSE: PNNT) will release its financial results for the first fiscal quarter ending December 31, 2022, on February 8, 2023, after market close. A conference call is scheduled for February 9, 2023, at 12:00 p.m. ET, where management will discuss the results. Interested participants can join via a toll-free number. PennantPark specializes in investing in U.S. middle-market private companies through various debt and equity instruments, managed by PennantPark Investment Advisers, overseeing $6.4 billion in investable capital.

PennantPark Investment Corporation (NYSE: PNNT) reported its financial results for Q4 and the fiscal year ending September 30, 2022. The company posted a net investment income of $9.2 million, with a decrease in net assets per share by 6.9% to $8.98. Investment income rose to $28.9 million compared to $23.1 million in Q4 2021, primarily due to increased LIBOR and SOFR rates. However, net realized losses were $38.7 million for the quarter. The quarterly distribution increased by 10% to $0.165 per share. Overall, the portfolio was valued at $1.226 billion, with a weighted average yield of 10.8%.

PennantPark Investment Corporation (NYSE: PNNT) will announce its fourth fiscal quarter results for the period ending September 30, 2022, on November 16, 2022, after market close. A conference call is scheduled for November 17, 2022, at 12:00 p.m. (ET) to discuss these results, accessible via toll-free numbers for U.S. and international callers. PennantPark specializes in investing in U.S. middle-market private companies across various debt and equity securities and is managed by PennantPark Investment Advisers, LLC.

PennantPark Investment Corporation (NYSE: PNNT) reported its financial results for the third fiscal quarter ended June 30, 2022. The company’s total assets reached $1,314.8 million with net assets of $631.5 million, translating to a GAAP net asset value per share of $9.65, down 3.9% from the previous quarter. Net investment income was $10.6 million, or $0.16 per share, a significant year-over-year increase from $8.1 million. Distributions rose to $0.145 per share. However, unrealized depreciation on investments totaled $64.9 million, highlighting ongoing market challenges.

PennantPark Investment Corporation (NYSE: PNNT) announced it will report its third fiscal quarter results for the period ending June 30, 2022, after market close on August 3, 2022. A conference call will occur on August 4, 2022, at 12:00 p.m. ET to discuss financial outcomes, accessible via phone. PennantPark Investment Corporation focuses on investing in U.S. middle-market companies through various debt and equity investments. Managed by PennantPark Investment Advisers, LLC, the firm oversees $6.0 billion in investable capital since its establishment in 2007.

PennantPark Investment Corporation (NYSE: PNNT) has appointed Mr. José A. Briones, Jr. to its Board of Directors, effective May 3, 2022, increasing the board's membership to six. Briones is a Senior Partner at PennantPark Investment Advisers and has been with the firm since 2009, overseeing investments and strategic initiatives. His experience includes roles at Apollo Investment Management and various financial institutions. The company focuses on providing risk/return opportunities in the middle market credit landscape, enhancing its stature as a strategic capital provider to growing companies.

PennantPark Investment Corporation (NYSE: PNNT) reported its financial results for the second fiscal quarter ending March 31, 2022. The company’s investment portfolio totaled $1,214 million, with a net asset value per share of $10.05, reflecting a quarterly decrease of 0.6%. Net investment income was $11.7 million or $0.18 per share. The company increased its quarterly dividend to $0.145 per share. However, there was a net unrealized depreciation of $70.5 million. Major portfolio activities included investments totaling $178 million and sales of $405.5 million.

PennantPark Investment Corporation (NASDAQ: PNNT) will report its second fiscal quarter results for the period ending March 31, 2022, on May 4, 2022, after market close. A conference call to discuss these results is scheduled for May 5, 2022, at 12:00 p.m. Eastern Time, accessible via a toll-free number. PennantPark focuses on investments in U.S. middle-market private companies through various secured debt and equity strategies. Managed by PennantPark Investment Advisers, it oversees $5.9 billion in investable capital.

PennantPark Investment Corporation (NASDAQ: PNNT) has announced its transfer from NASDAQ to the New York Stock Exchange (NYSE), with trading expected to commence on April 14, 2022, under the same ticker symbol, 'PNNT'. The move aims to enhance shareholder value and aligns with the company’s strategic growth objectives. Arthur H. Penn, CEO, expressed optimism about joining the NYSE, while NYSE representatives welcomed the company to its ranks of respected businesses. PennantPark focuses on investments in U.S. middle-market companies, primarily through secured debt and equity investments.