PennantPark Investment: Higher Yielding Monthly Distribution, But Lower Total Return [Seeking Alpha]
PennantPark Investment Corporation (PNNT)
Last pennantpark investment corporation earnings: 2/6 04:05 pm
Check Earnings Report
US:NASDAQ Investor Relations:
pennantparkinvestment.mwnewsroom.com
Company Research
Source: Seeking Alpha
However, I believe that income is likely to be affected by future rate cuts. The debt investment portfolio mostly consists of first lien senior secured loans. They operate within the middle market of companies earning between $10M - $50M. The price currently trades at a slight discount to NAV of 10%. However, the average discount to NAV over the last 3 year period is closer to -26%. Overview PennantPark Investment Corporation ( NYSE: PNNT ) is another BDC (business development company) that offers investors exposure to debt investments while providing a dividend yield over 12%. The company has debt investments in middle market companies that they earn revenue from through interest on payments received. The high yield makes PNNT attractive but the inclusion of the monthly distributions of the dividend is a nice bonus. We can see that the high distributions have made up almost all of the return here since the price has remained mostly the same over the last five year period. J
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PNNT
News
- PennantPark Floating Rate Capital: A More Reliable Alternative To PNNT [Seeking Alpha]Seeking Alpha
- PennantPark Investment Corporation Schedules Earnings Release of Second Fiscal Quarter 2024 ResultsGlobeNewswire
- PennantPark Investment Corporation Announces Monthly Distribution of $0.07 per ShareGlobeNewswire
- PennantPark (PNNT) Registers a Bigger Fall Than the Market: Important Facts to Note [Yahoo! Finance]Yahoo! Finance
- PennantPark Investment: From Suboptimal To Completely Unattractive Investment [Seeking Alpha]Seeking Alpha
PNNT
Earnings
- 2/7/24 - Beat
PNNT
Sec Filings
- 4/3/24 - Form 8-K
- 4/2/24 - Form 8-K
- 3/14/24 - Form 4
- PNNT's page on the SEC website