Recent Insider Trading: PennantPark Investment Corporation $PNNT

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PennantPark Investment Corporation (PNNT) insider have most recently took part in a trading activity. On Dec 6, 2017 Penn Arthur H, Chairman and CEO / Investment bought 12,000 shares having total worth of $87,720 at the price of $7.31 per share, following the transaction a total of 834,333 shares owned by Penn Arthur H. Before this latest buy, Penn Arthur H purchased PNNT at 7 other times during the past twelve months, for a total investment of $12.03M at an average of $7.46 per share.

The stock has experienced a total of 4 insider trades in the past three months. These trades include 4 buy trades. Furthermore, over the past 12 months , the stock was traded 10 times by insiders. In 1 of these trades, the insider was a seller while an employee of the company was the buyer in 9 instances.

Time Frame Number of Insider Buy Number of Insider Sell Stock Price Change(%)
3 Month 4 0 -2.49%
12 Month 9 1 24.69%

Shares of PennantPark Investment Corporation (PNNT) traded down 0.56% on Dec 5, 2017, hitting $7.13. 557,466 shares of the company’s stock traded hands. PennantPark Investment Corporation has a 52 week low of $5.72 and a 52 week high of $8. The company’s market cap is $535 million.

PennantPark Investment Corporation (PNNT) last announced its earnings results on Nov 29, 2017. The company reported 0.18 earnings per share (EPS) for the quarter, lower than the consensus estimate of 0.19 by $0.01. The company had revenue of $28 million for the quarter, compared to the consensus estimate of $29 million. During the same quarter in the previous year, the company posted 0.21 earnings per share. The company’s revenue for the quarter was down 13% on a year-over-year basis.

2017-11-29 2017-08-07 2017-05-08 2017-02-08 2016-11-21 2016-08-08 2016-05-04 2016-02-03 2015-11-10 2015-08-05
earnings per share 0.18 0.23 0.23 0.21 0.21 0.25 0.29 0.25 0.27 0.28
Revenue(M) 27.9 31.08 33.72 31.87 32.2 35.54 39.11 35.26 39.1 40.64

PennantPark Investment Corporation, (PennantPark ) a Maryland corporation organized on January 11, 2007. The Company completed its initial public offering on April 24, 2007. It is a closed-end, externally managed, non-diversified investment Company that has elected to be treated as a business development company. PennantPark Investment’s objective is to generate both current income and capital appreciation through debt and equity investments. It invests mainly in U.S. middle-market companies in the form of mezzanine debt, senior secured loans and equity investments. PennantPark Investment seeks to create a portfolio that includes mezzanine debt, senior secured loans and equity investments. It currently operates in a constrained credit market. Investment activity depends on many factors, including the amount of debt and equity capital available to middle-market companies, the level of merger and acquisition activity for such companies, the general economic environment and the competitive environment for the types of investments made. Competitors provide financing to middle-market companies and include other business development companies, commercial and investment banks, commercial financing companies and, to the extent they provide an alternative form of financing, private equity funds. Its main investment focus is to provide mezzanine debt and senior secured loans to U.S. middle-market companies in different industries.

William White

William White is a financial writer. He graduated with a degree in Economics. He has contributed to major financial websites and print publications for over 8 years. He handles much of this site's news coverage for corporate insider activity, and occasionally cover other areas of financial sector.

About the Author

William White
William White is a financial writer. He graduated with a degree in Economics. He has contributed to major financial websites and print publications for over 8 years. He handles much of this site's news coverage for corporate insider activity, and occasionally cover other areas of financial sector.