Pennant Park Investment Corp (PNNT)

• Market cap: $439M
• 1 day: 0.15%
• 5 days: -2.61%
• 1 month: 1.20%
• 3 months: -4.00%
• 6 months: -11.11%
• Year to date: -3.03%
• 1 year: 5.00%
• 5 years: 9.80%
• 10 years: -37.49%

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 Q3 regulatory filings by fund managers ($100M+ AUM)

410% more call options, than puts

Call options by funds: $454K | Put options by funds: $89K

1% less funds holding

Funds holding: 115 [Q2] → 114 (-1) [Q3]

6% less first-time investments, than exits

New positions opened: 15 | Existing positions closed: 16

5.0% less ownership

Funds ownership: 27.17% [Q2] → 22.17% (-5.0%) [Q3]

13% less repeat investments, than reductions

Existing positions increased: 34 | Existing positions reduced: 39

25% less capital invested

Capital invested by funds: $134M [Q2] → $99.8M (-$34M) [Q3]

100% less funds holding in top 10

Funds holding in top 10: 2 [Q2] → 0 (-2) [Q3]

Research analyst outlook

1 Wall Street Analyst provided 1 year price targets over the past 3 months

• Low target: $6 11% downside
• Avg. target: $6 11% downside
• High target: $6 11% downside

1 analyst rating

• positive: 0 0%
• neutral: 1 100%
• negative: 0 0%

Compass Point Casey Alexander 75% 1-year accuracy 9 / 12 met price target

11% downside $6

Neutral Upgraded

9 Sept 2024