PNNT Stock Recent News

PennantPark just hiked its quarterly cash dividend by 5% and will move to a monthly payout from October. The BDC is currently swapping hands at an 11.4% discount to NAV per share. However, NAV has generally been on a downtrend. Fiscal 2023 third-quarter core net investment income was unchanged from the second quarter but the Dominion payout drove a huge NII gain.

PennantPark Investment Corporation (NYSE:PNNT ) Q3 2023 Results Conference Call August 10, 2023 12:00 PM ET Company Participants Art Penn - Founder, Chairman, Managing Partner & CEO Richard Allorto - Chief Financial Officer Conference Call Participants Robert Dodd - Raymond James C.J. Alex - Compass Point Research Paul Johnson - KBW Mark Hughes - Truist Kyle Joseph - Jefferies Melissa Wedel - JPMorgan Operator Good afternoon, and welcome to the PennantPark Investment Corporation's Third Fiscal Quarter 2023 Earnings Conference Call.

PennantPark (PNNT) came out with quarterly earnings of $0.35 per share, beating the Zacks Consensus Estimate of $0.27 per share. This compares to earnings of $0.16 per share a year ago.

Improvement in interest income on higher rates is likely to have supported PennantPark's (PNNT) Q3 earnings.

MIAMI, July 06, 2023 (GLOBE NEWSWIRE) -- PennantPark Investment Corporation (the "Company") (NYSE: PNNT) announced that it will report results for the third fiscal quarter ended June 30, 2023 on Wednesday, August 9, 2023 after the close of the financial markets.

Plenty of good news for PennantPark Investment Corporation shareholders, including upcoming higher NAV per share, recently improved watch list, and huge earnings from the Dominion dividend. Dominion Voting Systems and Fox News agreed to settle the defamation lawsuit, resulting in dividend income for PNNT's equity position. PennantPark is currently trading 23% below NAV (before upcoming NAV increases) and yielding almost 14% (before upcoming dividend increases).

On our last review of PennantPark, we pointed out what we liked and what we did not like about this BDC. We review the performance of this company relative to what we forecasted.

MIAMI, April 05, 2023 (GLOBE NEWSWIRE) -- PennantPark Investment Corporation (the "Company") (NYSE: PNNT) announced that it will report results for the second fiscal quarter ended March 31, 2023 on Wednesday, May 10, 2023 after the close of the financial markets.

PennantPark Investment Corporation (NYSE:PNNT ) Q1 2023 Earnings Conference Call February 9, 2023 12:00 PM ET Company Participants Art Penn - Founder, Managing Partner, Chairman and CEO Rick Allorto - CFO Conference Call Participants Robert Dodd - Raymond James Ryan Lynch - KBW Casey Alexander - Compass Point Mickey Schleien - Ladenburg Thalmann Mike Ramirez - Truist Securities Melissa Wedel - JPMorgan Operator Good afternoon and welcome to the PennantPark Investment Corporation's First Fiscal Quarter 2023 Earnings Conference Call. Today's conference is being recorded.

PennantPark (PNNT) delivered earnings and revenue surprises of -11.11% and 1.11%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?