PNNT Stock Summary and Trading Ideas (Pennant Park Investment | NYSE:PNNT)

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.

Pennant Park Investment trades on the NYSE stock market under the symbol PNNT.

As of December 16, 2024, PNNT stock price declined to $6.81 with 89,116 million shares trading.

PNNT has a beta of 0.46, meaning it tends to be less sensitive to market movements. PNNT has a correlation of 0.12 to the broad based SPY ETF.

PNNT has a market cap of $444.67 million. This is considered a Small Cap stock.

Last quarter Pennant Park Investment reported $37 million in Revenue and $.22 earnings per share. This beat revenue expectation by $360,000 and met earnings estimates .

In the last 3 years, PNNT traded as high as $8.04 and as low as $4.70.

The top ETF exchange traded funds that PNNT belongs to (by Net Assets): KBWD, VPC.

PNNT has underperformed the market in the last year with a return of +16.1%, while the SPY ETF gained +30.2%. In the last 3 month period, PNNT fell short of the market, returning +1.7%, while SPY returned +8.1%. However, in the most recent 2 weeks PNNT has outperformed the stock market by returning +0.6%, while SPY returned +0.5%.

PNNT support price is $6.80 and resistance is $6.94 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that PNNT shares will trade within this expected range on the day.