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PNNT 
PennantPark Investment Corporation (PNNT)
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Upturn Advisory Summary
01/09/2026: PNNT (1-star) is currently NOT-A-BUY. Pass it for now.
Upturn Star Rating
Not Recommended Performance
These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.
Number of Analysts
8 Analysts rated it
Limited analyst coverage, niche firm, research info may be scarce.
1 Year Target Price $6.15
1 Year Target Price $6.15
| 1 | Strong Buy |
| 0 | Buy |
| 6 | Hold |
| 0 | Sell |
| 1 | Strong Sell |
Analysis of Past Performance
Type Stock | Historic Profit 28.23% | Avg. Invested days 56 | Today’s Advisory PASS |
Upturn Star Rating | Upturn Advisory Performance  3.0 | Stock Returns Performance  3.0 |
| Profits based on simulation | Last Close 01/09/2026 |
Key Highlights
Company Size Small-Cap Stock | Market Capitalization 397.65M USD | Price to earnings Ratio 12.18 | 1Y Target Price 6.15 |
Price to earnings Ratio 12.18 | 1Y Target Price 6.15 | ||
Volume (30-day avg) 8 | Beta 0.64 | 52 Weeks Range 5.13 - 7.09 | Updated Date 01/9/2026 |
52 Weeks Range 5.13 - 7.09 | Updated Date 01/9/2026 | ||
Dividends yield (FY) 15.95% | Basic EPS (TTM) 0.5 |
Earnings Date
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin 26.74% | Operating Margin (TTM) 73.56% |
Management Effectiveness
Return on Assets (TTM) 4.12% | Return on Equity (TTM) 6.83% |
Valuation
Trailing PE 12.18 | Forward PE 9.55 | Enterprise Value 1084753152 | Price to Sales(TTM) 3.25 |
Enterprise Value 1084753152 | Price to Sales(TTM) 3.25 | ||
Enterprise Value to Revenue 27.1 | Enterprise Value to EBITDA 19.07 | Shares Outstanding 65296094 | Shares Floating - |
Shares Outstanding 65296094 | Shares Floating - | ||
Percent Insiders 3.25 | Percent Institutions 20.81 |
Upturn AI SWOT
PennantPark Investment Corporation
Company Overview
History and Background
PennantPark Investment Corporation (NASDAQ: PNNT) is a business development company (BDC) that went public in 2007. It focuses on providing a full range of financing solutions to middle-market companies in the United States. The company has evolved to manage several investment funds, including PennantPark Senior Floating Rate Income Fund (NASDAQ: PFLT) and PennantPark Floating Rate Capital Ltd. (NASDAQ: PFLT). Its strategy centers on investing in debt and equity of established, well-managed businesses with strong cash flows.
Core Business Areas
- Investment in Middle-Market Companies: PennantPark Investment Corporation primarily invests in secured and unsecured debt, as well as equity investments, in private U.S. middle-market companies. This includes senior secured loans, unitranche facilities, subordinated debt, and preferred equity. The goal is to generate current income and capital appreciation.
- Management of Investment Funds: The company also manages other BDCs and investment vehicles, such as PennantPark Senior Floating Rate Income Fund and PennantPark Floating Rate Capital Ltd., which have similar investment strategies focused on floating-rate debt.
Leadership and Structure
PennantPark Investment Corporation is managed by PennantPark Investment Advisers, LLC. The executive team includes Arthur L. Centofanti (Chairman and CEO), Philip Penn (President), and Jon F. Roteman (Chief Investment Officer). The company operates as a publicly traded BDC, subject to regulatory oversight by the SEC.
Top Products and Market Share
Key Offerings
- Senior Secured Loans: These are debt instruments that are typically the first lien on a borrower's assets, offering a high degree of security. PNNT's investments in this area aim to generate stable income. Competitors include other BDCs and traditional lenders.
- Subordinated Debt: These are unsecured or second lien loans that rank below senior debt. They typically carry higher interest rates to compensate for increased risk. Competitors include other BDCs and specialized debt funds.
- Equity Investments: PNNT also makes direct equity investments, often alongside its debt investments, to participate in the potential upside of its portfolio companies. Competitors include private equity firms and strategic buyers.
Market Dynamics
Industry Overview
PennantPark Investment Corporation operates in the Business Development Company (BDC) sector, which provides capital to small and medium-sized businesses. The industry is influenced by interest rate environments, economic growth, and regulatory changes. There is significant competition from other BDCs, private credit funds, and traditional lenders.
Positioning
PennantPark positions itself as a provider of flexible, tailored financing solutions to middle-market companies, often serving as a 'one-stop shop' for their capital needs. Its focus on established companies with stable cash flows and its experienced management team are key competitive advantages. The company aims to be a reliable and long-term capital partner.
Total Addressable Market (TAM)
The total addressable market for middle-market financing is substantial and spans across various industries in the U.S. While exact figures for the TAM are dynamic, it is estimated to be in the hundreds of billions of dollars annually. PennantPark Investment Corporation, as a BDC, targets a significant portion of this market by providing debt and equity to companies that may not have access to traditional capital markets or require more specialized financing structures.
Upturn SWOT Analysis
Strengths
- Experienced management team with a proven track record in credit analysis and investment.
- Diversified portfolio across various industries, reducing concentration risk.
- Focus on secured and senior debt, providing a level of downside protection.
- Ability to originate and structure complex debt and equity transactions.
- Access to public capital markets for fundraising.
Weaknesses
- Sensitivity to economic downturns, which can impact portfolio company performance and lead to loan defaults.
- Reliance on leverage, which can amplify losses during adverse market conditions.
- Potential for illiquidity in its private debt and equity investments.
- Management fees can impact net returns for shareholders.
- Competition from a growing number of BDCs and private credit funds.
Opportunities
- Growing demand for private credit solutions from middle-market companies.
- Potential for attractive risk-adjusted returns in an environment of rising interest rates.
- Expansion into new investment strategies or geographies.
- Strategic partnerships or acquisitions to enhance scale and capabilities.
- Leveraging technology to improve underwriting and portfolio management.
Threats
- Sustained period of high interest rates could strain borrowers' ability to service debt.
- Increased regulatory scrutiny on BDCs.
- Intensifying competition leading to compressed yields.
- Macroeconomic shocks or recessions leading to widespread defaults.
- Changes in tax laws affecting BDC structures.
Competitors and Market Share
Key Competitors
- Apollo Investment Corporation (AINV)
- Fifth Street Finance Corp. (formerly FSC), now part of Owl Rock Capital
- Golub Capital
- Hercules Technology Growth Capital (HTGC)
Competitive Landscape
PennantPark faces stiff competition from other BDCs and private credit funds that offer similar financing solutions to middle-market companies. Its competitive advantages lie in its experienced management team, established relationships, and ability to structure complex deals. However, it must constantly adapt to evolving market conditions and credit risks to maintain its market position.
Growth Trajectory and Initiatives
Historical Growth: PennantPark's historical growth has been characterized by its expanding investment portfolio, the successful origination of new debt and equity investments, and strategic growth in its managed assets. Growth is often measured by the increase in its net asset value (NAV) and its ability to generate consistent investment income.
Future Projections: Future growth projections for PennantPark Investment Corporation would typically be based on analyst estimates, market trends, and the company's stated strategic objectives. These projections might consider anticipated deal flow, credit market conditions, and the company's ability to raise additional capital for investments.
Recent Initiatives: Recent initiatives might include adjustments to its investment strategy to adapt to market conditions, efforts to diversify its portfolio further, optimization of its cost structure, or the launch of new investment vehicles or funds.
Summary
PennantPark Investment Corporation is a well-established BDC with a solid track record in providing capital to U.S. middle-market companies. Its strengths lie in its experienced management, diversified portfolio, and focus on secured lending. However, it faces risks from economic downturns, leverage, and increasing competition. The company's ability to navigate these challenges while capitalizing on the growing demand for private credit will be crucial for its future success.
Similar Stocks
Sources and Disclaimers
Data Sources:
- PennantPark Investment Corporation official filings (SEC Edgar database)
- Financial news and data providers (e.g., Bloomberg, Refinitiv, Yahoo Finance)
- Industry reports on the BDC sector.
Disclaimers:
This JSON output is generated for informational purposes only and does not constitute financial advice. Investment decisions should be made in consultation with a qualified financial advisor. Data accuracy and completeness are subject to the availability and reliability of the underlying sources. Market share data is an estimation and may vary depending on the methodology used.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About PennantPark Investment Corporation
Exchange NYSE | Headquaters Miami Beach, FL, United States | ||
IPO Launch date 2007-04-19 | Founder, Chairman, Managing Partner & CEO Mr. Arthur Howard Penn | ||
Sector Financial Services | Industry Asset Management | Full time employees - | Website https://pnnt.pennantpark.com |
Full time employees - | Website https://pnnt.pennantpark.com | ||
PennantPark Investment Corporation, a business development company is a private equity fund specializes in direct and mezzanine investments in middle market companies. It invests in the form of mezzanine debt, senior secured loans, and equity investments. The fund typically invests in buildings and real estate, hotels, gaming and leisure, technology, telecommunications, transportation, information technology services, electronics, healthcare & pharmaceuticals, education and childcare, financial services, printing and publishing, consumer products, business services, energy & Related Services and utilities, distribution, oil and gas, media, environmental services, aerospace and defense, building materials, capital equipment, chemicals, plastics, & rubber, food & beverage, wholesale, manufacturing and basic industries and retail. It invests in equity securities and debt transactions through preferred stock, common stock, warrants, options, senior secured debt, subordinated debt, subordinated loans, first lien debt, mezzanine loans, and distressed debt securities and private equity co-investments. It seeks to invest in companies based in the United States. The fund seeks to invest between $10 million and $100 million cross the capital structure (senior secured loans, subordinated debt, and other investments) in its portfolio companies with EBITDA between $10 to $50 million. The fund invest upto $250 million in equity investment. The fund prefers to invest in middle market companies companies having revenue between $50 million and $ 1000 million. Its mezzanine loans, senior secured loans, and other investments in its portfolio companies are between $15 million and $50 million. The fund may also make non-control equity and debt investments.
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