PennantPark Investment (PNNT)
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PennantPark Investment: Questionable Distribution Coverage (Downgrade)
Seeking Alpha· 2024-10-08 23:37
Financial analyst by day and a seasoned investor by passion, I've been involved in the world of investing for over 10 years and honed my skills in analyzing lucrative opportunities within the market.I specialize in uncovering strategies to utilize various investment vehicles - seeking out high quality dividend stocks, and other assets that offer potential for long term-growth that pack a serious punch for bill-paying potential. I use myself as an example that with a solid base of classic dividend growth sto ...
2 BDCs That Recently Hiked Dividends But Should Not Do That Again
Seeking Alpha· 2024-10-04 03:15
While the long-term prospects for private credit players (e.g., BDCs) remain solid as driven by structural weakness in banking and increased preference for more flexible financing, the short to medium-term outlook is not that rosy. Roberts Berzins has over a decade of experience in the financial management helping top-tier corporates shape their financial strategies and execute large-scale financings. He has also made significant efforts to institutionalize REIT framework in Latvia to boost the liquidity of ...
PennantPark Investment Corporation Schedules Earnings Release of Fourth Fiscal Quarter 2024 Results
GlobeNewswire News Room· 2024-10-03 20:05
MIAMI, Oct. 03, 2024 (GLOBE NEWSWIRE) -- PennantPark Investment Corporation (the "Company") (NYSE: PNNT) announced that it will report results for the fourth fiscal quarter ended September 30, 2024 on Monday, November 25, 2024 after the close of the financial markets. The Company will also host a conference call at 12:00 p.m. (Eastern Time) on Tuesday, November 26, 2024 to discuss its financial results. All interested parties are welcome to participate. You can access the conference call by dialing toll-fre ...
PennantPark Investment Corp: Dividend Likely At Cyclical Peak (Rating Downgrade)
Seeking Alpha· 2024-08-14 13:30
Buena Vista Images I initially covered PennantlPark Investment Corporation (NYSE:PNNT) Iast December, noting that as a business development company primarily invested in first-lien, secured loans, it would make a relatively safe income investment with its dividend but that it would be somewhat cyclical, depending on interest rates. 7.5 7.0 6,5 atillumoranaltathlululation manactive of the with production shoped interest of the researching. Jan 2 Feb 2024 Mar 2024 Aor 2024 Mar 2024 Jun 2024 Jul 2024 Aua 2024 ...
PennantPark Investment (PNNT) - 2024 Q3 - Earnings Call Transcript
2024-08-08 18:54
PennantPark Investment Corporation (NYSE:PNNT) Q3 2024 Results Conference Call August 8, 2024 12:00 PM ET Company Participants Art Penn - Founder, Chairman, Managing Partner & CEO Rick Allorto - Chief Financial Officer Conference Call Participants Mark Hughes - Truist Robert Dodd - Raymond James Paul Johnson - KBW Melissa Wedel - JPMorgan Operator Good afternoon, and welcome to the PennantPark Investment Corporation's Third Fiscal Quarter 2024 Earnings Conference Call. Today's conference is being recorded. ...
PennantPark (PNNT) Reports Q3 Earnings: What Key Metrics Have to Say
ZACKS· 2024-08-08 01:30
For the quarter ended June 2024, PennantPark (PNNT) reported revenue of $37 million, down 17.8% over the same period last year. EPS came in at $0.24, compared to $0.35 in the year-ago quarter. The reported revenue compares to the Zacks Consensus Estimate of $36.31 million, representing a surprise of +1.92%. The company delivered an EPS surprise of +9.09%, with the consensus EPS estimate being $0.22. While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street ...
PennantPark (PNNT) Beats Q3 Earnings and Revenue Estimates
ZACKS· 2024-08-07 22:55
PennantPark (PNNT) came out with quarterly earnings of $0.24 per share, beating the Zacks Consensus Estimate of $0.22 per share. This compares to earnings of $0.35 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 9.09%. A quarter ago, it was expected that this business development company would post earnings of $0.23 per share when it actually produced earnings of $0.22, delivering a surprise of -4.35%. Over the last four quar ...
PennantPark Investment (PNNT) - 2024 Q3 - Quarterly Report
2024-08-07 20:07
| --- | --- | |----------------------------------------------------------------------|------------| | UNITED STATES SECURITIES AND EXCHANGE WASHINGTON, D.C. 20549 | COMMISSION | | | FORM 10-Q | (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE QUARTERLY PERIOD ENDED JUNE 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE TRANSITION PERIOD FROM TO COMMISSION FILE NUMBER: 814-00736 | --- | -- ...
PennantPark Investment (PNNT) - 2024 Q3 - Quarterly Results
2024-08-07 20:06
EXHIBIT 99.1 _______________ PennantPark Investment Corporation Announces Financial Results for the Quarter Ended June 30, 2024 MIAMI, Aug. 07, 2024 (GLOBE NEWSWIRE) -- PennantPark Investment Corporation (NYSE: PNNT) announced today its financial results for the third quarter ended June 30, 2024. HIGHLIGHTS Quarter ended June 30, 2024 (unaudited) ($ in millions, except per share amounts) | --- | --- | --- | |----------------------------------------------------------|-------|-----------| | | | | | Assets and ...
PennantPark Investment Corporation Announces Monthly Distribution of $0.08 per Share
Newsfilter· 2024-07-02 20:05
MIAMI, July 02, 2024 (GLOBE NEWSWIRE) -- PennantPark Investment Corporation (the "Company") (NYSE: PNNT) declares its monthly distribution for July 2024 of $0.08 per share, payable on August 1, 2024 to stockholders of record as of July 15, 2024. The distribution is expected to be paid from taxable net investment income. The final specific tax characteristics of the distribution will be reported to stockholders on Form 1099 after the end of the calendar year and in the Company's periodic report filed with th ...