PennantPark Funding Co. (NASDAQ:PNNT – Get Score) introduced a quarterly dividend on Friday, November 18th, Wall Avenue Journal experiences. Stockholders of file on Monday, December nineteenth shall be paid a dividend of 0.165 per share by the asset supervisor on Tuesday, January third. This represents a $0.66 dividend on an annualized foundation and a dividend yield of 10.70%. The ex-dividend date is Friday, December sixteenth. It is a constructive change from PennantPark Funding’s earlier quarterly dividend of $0.15.
PennantPark Funding has decreased its dividend by a mean of 12.6% yearly over the past three years.
PennantPark Funding Buying and selling Up 1.0 %
Shares of PNNT inventory traded up $0.06 throughout mid-day buying and selling on Friday, reaching $6.17. 307,800 shares of the inventory traded arms, in comparison with its common quantity of 275,951. The inventory’s fifty day easy transferring common is $5.87 and its two-hundred day easy transferring common is $6.35. PennantPark Funding has a 1-year low of $5.33 and a 1-year excessive of $8.02. The corporate has a market cap of $403.60 million, a price-to-earnings ratio of 9.16 and a beta of 1.56. The corporate has a fast ratio of 1.32, a present ratio of 1.32 and a debt-to-equity ratio of 1.18.
Institutional Buyers Weigh In On PennantPark Funding
Hedge funds and different institutional buyers have not too long ago modified their holdings of the corporate. BNP Paribas Arbitrage SA purchased a brand new stake in shares of PennantPark Funding throughout the first quarter valued at roughly $77,000. Commonwealth Fairness Companies LLC purchased a brand new stake in shares of PennantPark Funding throughout the third quarter valued at roughly $70,000. Northern Belief Corp bought a brand new place in shares of PennantPark Funding throughout the first quarter valued at roughly $106,000. Jane Avenue Group LLC bought a brand new place in shares of PennantPark Funding throughout the second quarter valued at roughly $88,000. Lastly, Quantbot Applied sciences LP bought a brand new place in shares of PennantPark Funding throughout the first quarter valued at roughly $122,000. Institutional buyers personal 37.64% of the corporate’s inventory.
Analyst Upgrades and Downgrades
Individually, StockNews.com assumed protection on PennantPark Funding in a analysis be aware on Wednesday, October twelfth. They issued a “promote” ranking on the inventory.
PennantPark Funding Firm Profile
(Get Score)
PennantPark Funding Company is a publicly listed enterprise growth agency specializing in direct and mezzanine investments in center market firms. It invests within the type of mezzanine debt, senior secured loans, and fairness investments. The agency invests in fairness securities and debt transactions by way of most popular inventory, frequent inventory, warrants, choices, subordinated loans, mezzanine loans, and senior secured loans.
Additional Studying
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