PennantPark Investment Corporation is a closed-end, externally managed, non-diversified investment company. The Company’s objectives are to generate both current income and capital appreciation while seeking to preserve capital through debt and equity investments primarily made to the United States middle-market companies in the form of first lien secured debt, second lien secured debt, subordinated debt and equity investments. Its portfolio consists of illiquid securities, including debt and equity investments. Its investment activity depends on factors, including the amount of debt & equity capital available to middle-market companies, the level of merger and acquisition activity for such companies, the general economic environment and the competitive environment for the types of investments the Company make. It invests in sectors, including media, technology, entertainment, gaming, aerospace & defense, building materials, environmental services, healthcare, education among others.
High Growth
The company's revenue has grown steadily over the past 3 years, averaging 135.46% year-on-year.
High Dividend
The company is a high dividend payer, with the latest dividend payout ratio of 191.54%.
Undervalued
The company’s latest PB is 0.50, at a low 3-year percentile range.
Institutional Selling
The latest institutional holdings are 14.21M shares, decreasing 10.14% quarter-over-quarter.
Held by Bill Nygren | OAKMX
Star Investor Bill Nygren | OAKMX holds 11.53K shares of this stock.
Higher Market Activity
The company has more investor interest, with a 20-day turnover ratio of 0.73.