Pennantpark Invt Corp Stock Price, News & Analysis

PennantPark Investment Corporation (NASDAQ: PNNT) announced a public offering of $165 million in 4.00% unsecured notes due November 1, 2026. The notes will bear interest semi-annually, starting May 1, 2022, and can be redeemed at par after three months before maturity. Proceeds will be used to redeem 5.50% Notes due 2024 and for strategic investments in portfolio companies. The offering is set to close on October 21, 2021, with major financial firms acting as managers.

PennantPark Investment Corporation (NASDAQ: PNNT) is set to report its fourth fiscal quarter results ending September 30, 2021, on November 17, 2021, after market close. A conference call is scheduled for November 18, 2021, at 12:00 p.m. ET to discuss the financial results, accessible via toll-free numbers. PennantPark primarily invests in U.S. middle-market private companies through various debt and equity instruments, managing $5.2 billion in capital. The company advises caution regarding forward-looking statements due to inherent risks and uncertainties.

PennantPark Investment Corporation (NASDAQ: PNNT) declared its fourth fiscal quarter 2021 distribution of $0.12 per share, payable on October 1, 2021 to stockholders of record as of September 17, 2021. The distribution is expected to be paid from taxable net investment income. Tax characteristics will be reported on Form 1099 after the year-end. PennantPark primarily invests in U.S. middle-market private companies through various debt and equity instruments. Managed by PennantPark Investment Advisers, LLC, which oversees $5.2 billion of investable capital, the firm has been active since 2007.

PennantPark Investment Corporation (NASDAQ: PNNT) reported its financial results for Q3 FY2021, revealing a net investment income of $8.1 million, equivalent to $0.12 per share. The investment portfolio grew to $1,148.2 million, with a GAAP net asset value per share of $9.59, reflecting a 3.8% quarterly increase. The company declared distributions of $0.12 per share, consistent with prior periods. However, investment income decreased from $25.4 million in Q3 FY2020 to $20.5 million in Q3 FY2021, mainly due to a reduction in portfolio size. The credit facility remained robust with $220.5 million in unused borrowing capacity.

PennantPark Investment Corporation (NASDAQ: PNNT) announced it will report its third fiscal quarter results for the period ending June 30, 2021, on August 4, 2021, after market close. A conference call to discuss these results is scheduled for August 5, 2021, at 12:00 p.m. Eastern Time. Interested parties can join by calling (866) 548-4713 for U.S. participants or (323) 794-2093 for international callers, using conference ID #2597721. PennantPark focuses on investing in U.S. middle-market companies through various forms of secured and subordinated debt as well as equity investments.

PennantPark Investment Corporation (NASDAQ: PNNT) announced the appointment of Richard Cheung as its new Chief Financial Officer and Treasurer, effective June 21, 2021. Cheung previously held a senior position at Guggenheim Partners and has significant experience in financial services from Ernst & Young. CEO Arthur Penn expressed confidence in Cheung's ability to contribute positively to the company. Current CFO Aviv Efrat will transition to focus on strategic growth initiatives within the organization.

PennantPark Investment Corporation (NASDAQ: PNNT) has announced a distribution of $0.12 per share for the third fiscal quarter of 2021, scheduled for payment on July 1, 2021, to shareholders on record as of June 17, 2021. This distribution will come from the company's taxable net investment income. Shareholders will receive detailed tax information on Form 1099 after the calendar year ends. PennantPark focuses on investments in U.S. middle-market private companies through various debt and equity options, managed by PennantPark Investment Advisers, LLC.

PennantPark Investment Corporation (NASDAQ: PNNT) reported its Q2 2021 financial results, ending March 31, 2021. Key metrics include a total asset value of $1.175 billion and net assets of $619.2 million, with a GAAP net asset value per share of $9.24, reflecting a 5.2% increase. Net investment income was $8.8 million, or $0.13 per share, with distributions declared at $0.12 per share. The company invested $74.8 million in new and existing portfolio companies and experienced net unrealized appreciation of $33.2 million. Liquidity remains strong with $99.5 million in unused borrowing capacity under its credit facility.

PennantPark Investment Corporation (NASDAQ: PNNT) has announced a $150 million public offering of 4.50% unsecured notes due in 2026. The notes will yield interest payable semi-annually, with the first payment due on November 1, 2021. The offering is slated to close on April 21, 2021, subject to standard closing conditions. Proceeds from the offering are intended to reduce credit facility obligations and invest in portfolio companies.