Here’s how analysts see PennantPark Investment Corp. (NASDAQ:PNNT) after this past week.

July 26, 2017 - By Winifred Garcia

 Here's how analysts see PennantPark Investment Corp. (NASDAQ:PNNT) after this past week.
Investors sentiment increased to 1.25 in 2016 Q4. Its up 0.13, from 1.12 in 2016Q3. It improved, as 14 investors sold PennantPark Investment Corp. shares while 26 reduced holdings. 15 funds opened positions while 35 raised stakes. 24.08 million shares or 11.06% more from 21.68 million shares in 2016Q3 were reported.
Edge Wealth Mngmt Limited Co reported 91,099 shares. 34,268 were reported by Bbr Partners Ltd. Muzinich Communications invested 1.32% in PennantPark Investment Corp. (NASDAQ:PNNT). Jpmorgan Chase Communication reported 0% of its portfolio in PennantPark Investment Corp. (NASDAQ:PNNT). Eaton Vance Mngmt invested in 72,837 shares. Citigroup owns 117,815 shares for 0% of their portfolio. Ontario – Canada-based Mackenzie Corporation has invested 0% in PennantPark Investment Corp. (NASDAQ:PNNT). Gsa Prns Llp invested in 96,700 shares or 0.04% of the stock. Moreover, Bessemer Grp has 0% invested in PennantPark Investment Corp. (NASDAQ:PNNT) for 4,400 shares. Moreover, Putnam Invs Lc has 0% invested in PennantPark Investment Corp. (NASDAQ:PNNT). Nj State Employees Deferred Compensation Plan holds 0.1% of its portfolio in PennantPark Investment Corp. (NASDAQ:PNNT) for 66,710 shares. Ares Limited Liability Corporation accumulated 633,629 shares. Advsr Asset Inc reported 0.12% of its portfolio in PennantPark Investment Corp. (NASDAQ:PNNT). 23,878 are held by Pinebridge Limited Partnership. Van Eck holds 421,180 shares or 0.02% of its portfolio.

PennantPark Investment Corp. (NASDAQ:PNNT) Ratings Coverage

Among 11 analysts covering Pennant Investment (NASDAQ:PNNT), 2 have Buy rating, 0 Sell and 9 Hold. Therefore 18% are positive. Pennant Investment had 23 analyst reports since August 6, 2015 according to SRatingsIntel. The stock of PennantPark Investment Corp. (NASDAQ:PNNT) earned “Neutral” rating by JP Morgan on Monday, July 18. The company was maintained on Wednesday, August 10 by JMP Securities. The firm earned “Buy” rating on Thursday, August 6 by MLV. Keefe Bruyette & Woods maintained the stock with “Hold” rating in Friday, June 23 report. Robert W. Baird downgraded PennantPark Investment Corp. (NASDAQ:PNNT) on Monday, May 2 to “Neutral” rating. The stock of PennantPark Investment Corp. (NASDAQ:PNNT) has “Neutral” rating given on Wednesday, July 27 by DA Davidson. The stock of PennantPark Investment Corp. (NASDAQ:PNNT) has “Buy” rating given on Tuesday, November 22 by Ladenburg Thalmann. The firm has “Hold” rating given on Monday, July 24 by Keefe Bruyette & Woods. The stock has “Mkt Perform” rating by FBR Capital on Wednesday, November 23. The firm has “Neutral” rating given on Thursday, February 9 by Ladenburg Thalmann. Below is a list of PennantPark Investment Corp. (NASDAQ:PNNT) latest ratings and price target changes.

24/07/2017 Broker: Keefe Bruyette & Woods Rating: Hold New Target: $8.5000 Maintain
13/07/2017 Broker: Compass Point Rating: Buy New Target: $8.5 Initiates Coverage On
23/06/2017 Broker: Keefe Bruyette & Woods Rating: Hold New Target: $8.5000 Maintain
11/05/2017 Broker: JMP Securities Old Rating: Market Outperform New Rating: Market Perform Downgrade
09/02/2017 Broker: Ladenburg Thalmann Old Rating: Buy New Rating: Neutral Downgrade

It closed at $7.46 lastly. It is down 23.34% since July 26, 2016 and is uptrending. It has outperformed by 6.64% the S&P500.

PennantPark Investment Corporation is a closed-end, non-diversified investment company. The company has market cap of $530.83 million. The Firm is a business development company. It has a 5.82 P/E ratio. The Company’s objectives are to generate both current income and capital appreciation while seeking to preserve capital through debt and equity investments primarily made to the United States middle-market companies in the form of senior secured debt, mezzanine debt and equity investments.

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