Business

Stock News Summary: PennantPark Investment Corporation (NASDAQ:PNNT)

PennantPark Investment Corporation (NASDAQ:PNNT) stock observed trading -20.49% off 52-week high price. On the other end, the stock has been noted 0.81% away from low price over the last 52-weeks. The stock disclosed a move of -3.22% away from 50 day moving average and -8.60% away from 200 day moving average. Moving closer, we can see that shares have been trading -2.04% off 20-day moving average. It has market cap of $428.83M and dividend yield of 11.59%.

 PennantPark Investment Corporation (NASDAQ:PNNT) declared its fourth fiscal quarter 2019 distribution of $0.18 per share, payable on October 1, 2019 to stockholders of record as of September 17, 2019. The distribution is expected to be paid from taxable net investment income. The final specific tax characteristics of the distribution will be reported to stockholders on Form 1099 after the end of the calendar year and in the Company’s periodic report filed with the Securities and Exchange Commission.

We are pleased that we have been able to deliver an attractive dividend over a long period of time, said Art Penn, Chairman and Chief Executive Officer.

ABOUT PENNANTPARK INVESTMENT CORPORATION

PennantPark Investment Corporation is a business development company which principally invests in U.S. middle-market private companies in the form of first lien secured debt, second lien secured debt, subordinated debt and equity investments. PennantPark Investment Corporation is managed by PennantPark Investment Advisers, LLC.

ABOUT PENNANTPARK INVESTMENT ADVISERS, LLC

PennantPark Investment Advisers, LLC is a leading middle market credit platform, which has approximately $3.2 billion of assets under management. Since its inception in 2007, PennantPark Investment Advisers, LLC has provided investors access to middle market credit by offering private equity firms and their portfolio companies as well as other middle-market borrowers a comprehensive range of creative and flexible financing solutions. PennantPark Investment Advisers, LLC is headquartered in New York and has offices in Chicago, Houston and Los Angeles.

 The USA based company PennantPark Investment Corporation moved with change of -0.48% to $6.21 with the total traded volume of 411810 shares in recent session versus to an average volume of 324.11K.The stock was observed in the 5 days activity at -2.20%. The one month performance of stock was -2.36%. PNNT’s shares are at -4.46% for the quarter and driving a -20.79% return over the course of the past year and is now at -2.51% since this point in 2018.   The average volatility for the week and month was at 1.71% and 1.62% respectively. There are 69.05M shares outstanding.

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