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-0.00343109363954548 -0.00515526129760851 -0.00515526129760851 -0.00463801100018957 0.0100346557699271 0.0146726667701168 0.0163968344281799 0.0163968344281799
Stock impact report

PennantPark Investment: The NAV Continues Its Decline During Q3 (Rating Downgrade) [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
PNNT's net investment income and total investment income both fell in Q4, while the company continues to pay out more in dividends than it earns. Despite a high 15.2% dividend yield and improved non-accrual rates, PNNT's lack of new investment activity and reliance on spillover income raise sustainability concerns. A dividend cut is likely within the next year as PNNT struggles to generate sufficient earnings and management fails to drive portfolio growth. Thapana Onphalai/iStock via Getty Images Overview As business development companies continue to face headwinds related to higher interest rates, many of them continue to expose investors to continued losses. When I previously covered PennantPark Investment ( PNNT ), I issued This article was written by Analyst's Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and i Show less Read more
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