Pennant Park Investment CorpPNNT
Market Cap: $454M
About: Pennant Park Investment Corp is a closed-end, non-diversified investment company. Its investment objective is to generate current income and capital appreciation also seeking to preserve capital through debt and equity investments. The company focuses on investing in United States middle-market companies that offer attractive risk-reward to investors and to create a diversified portfolio that includes senior secured debt, mezzanine debt, and equity investments. It generates majority of its revenue from interest and dividends received from investments made.
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
17,413% more call options, than puts
Call options by funds: $1.4M | Put options by funds: $8K
100% more funds holding in top 10
Funds holding in top 10: 1 [Q1] → 2 (+1) [Q2]
5% more capital invested
Capital invested by funds: $125M [Q1] → $131M (+$5.81M) [Q2]
3% more repeat investments, than reductions
Existing positions increased: 39 | Existing positions reduced: 38
1.28% less ownership
Funds ownership: 27.8% [Q1] → 26.52% (-1.28%) [Q2]
3% less funds holding
Funds holding: 119 [Q1] → 115 (-4) [Q2]
27% less first-time investments, than exits
New positions opened: 11 | Existing positions closed: 15
Research analyst outlook
2 Wall Street Analysts provided 1 year price targets over the past 3 months
2 analyst ratings
Compass Point Casey Alexander 46% 1-year accuracy 6 / 13 met price target | 14%downside $6 | Neutral Upgraded | 9 Sept 2024 |
Compass Point Casey Alexander 46% 1-year accuracy 6 / 13 met price target | 6%downside $6.50 | Sell Downgraded | 15 Jul 2024 |
Financial journalist opinion
Based on 4 articles about PNNT published over the past 30 days