On Tuesday, PennantPark Investment Corporation (NYSE: PNNT) opened at On Tuesday, remained unchanged from the last session, before settling in for the closing price of $7.03. Price fluctuations for PNNT have ranged from $6.31 to $8.04 over the past 52 weeks.
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Company’s average yearly earnings per share was noted -9.00% at the time writing. With a float of $63.10 million, this company’s outstanding shares have now reached $65.30 million.
In terms of profitability, gross margin is 167.67%, operating margin of 94.24%, and the pretax margin is 54.71%.
PennantPark Investment Corporation (PNNT) Insider Updates
A key investor’s attitude towards the stock of the Asset Management industry is another important factor to consider. The insider ownership of PennantPark Investment Corporation is 3.36%, while institutional ownership is 28.34%. The most recent insider transaction that took place on Mar 12 ’24, was worth 33,978. In this transaction CFO and Treasurer of this company bought 5,000 shares at a rate of $6.80, taking the stock ownership to the 15,000 shares. Before that another transaction happened on Feb 26 ’24, when Company’s Director bought 6,122 for $6.86, making the entire transaction worth $41,970. This insider now owns 261,657 shares in total.
PennantPark Investment Corporation (PNNT) Performance Highlights and Predictions
If we go through the results of last quarter, which was made public on 6/30/2024, the company posted 0.24 earnings per share (EPS) for the quarter, besting the agreed prediction (set at 0.22) by 0.02. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.22 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -9.00% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 34.00% during the next five years compared to 13.37% growth over the previous five years of trading.
PennantPark Investment Corporation (NYSE: PNNT) Trading Performance Indicators
Check out the current performance indicators for PennantPark Investment Corporation (PNNT). In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 3.25.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 0.66, a number that is poised to hit 0.22 in the next quarter and is forecasted to reach 0.88 in one year’s time.
Technical Analysis of PennantPark Investment Corporation (PNNT)
Let’s dig in a bit further. During the last 5-days, its volume was 0.61 million. That was better than the volume of 0.45 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 72.38%. Additionally, its Average True Range was 0.10.
During the past 100 days, PennantPark Investment Corporation’s (PNNT) raw stochastic average was set at 37.27%, which indicates a significant decrease from 86.67% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 24.29% in the past 14 days, which was higher than the 21.32% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $6.96, while its 200-day Moving Average is $7.07. However, in the short run, PennantPark Investment Corporation’s stock first resistance to watch stands at $7.06. Second resistance stands at $7.09. The third major resistance level sits at $7.14. If the price goes on to break the first support level at $6.99, it is likely to go to the next support level at $6.94. Assuming the price breaks the second support level, the third support level stands at $6.91.
PennantPark Investment Corporation (NYSE: PNNT) Key Stats
There are currently 65,296K shares outstanding in the company with a market cap of 459.03 million. Presently, the company’s annual sales total 145,370 K according to its annual income of -33,810 K. Last quarter, the company’s sales amounted to 37,000 K and its income totaled 3,750 K.
