PennantPark Investment Corporation is in the financial services sector and is in the asset management industry. The company CEO is Arthur H. Penn. PennantPark Investment Corporation is an investment management company. Its investment objective is to generate current income and capital appreciation also seeking to preserve capital through debt and equity investments.



Previous Intraday Performance:

The PNNT shares had a previous change of 0.43% which opened at 7.03 and closed at 7.05. It moved to an intraday high of 7.06 and a low of 7.01.

SeekingAlpha:  Strong Buy With 12% Yield With 30%+ Return Potential: TCG BDC

Historical Performance:

Over the last five trading days, PNNT shares returned 1.59% and in the past 30 trading days it returned -1.54%. Over three months, it changed -0.84%. In one year it has changed 8.85% and within that year its 52-week high was 7.84 and its 52-week low was 6.21. PNNT stock is 13.53% above its 52 Week Low.

Our calculations result in a 200 day moving average of 7.02 and a 50 day moving average of 7.04. Right now, PNNT stock is trading 0.45% above its 200 day moving average and may be a good opportunity to buy.

SeekingAlpha:  Strong Buy With 12% Yield With 30%+ Return Potential: TCG BDC

Liquidity:

The company has a market cap of $479.6m with 68.0m shares outstanding and a float of 67.3m shares. Trading volume was 212,477 shares and has experienced an average volume of 343,441 shares. Our calculation, using the current average volume and close price, leads me to believe that the liquidity is bad, highly speculative and an investor may want to avoid this stock.

Earnings:

The last annual reported EPS for PennantPark Investment Corporation was 0.67 which ended on 30th of September 2018, which according to the previous close, that is a PE of 10.52. Based on 4 analyst estimates, the consensus EPS for the next quarter is 0.19. The trailing twelve month EPS is 0.76, which comes to a trailing twelve month PE of 9.28.

Below was the last reported quarterly earnings per share:
12-31-2018:  0.18
09-30-2018:  0.20
06-30-2018:  0.17
03-31-2018:  0.19

The dividend per share is currently 0.72, which is a dividend yield of 10.21%. PNNT stock may not have sufficient earnings to cover future dividends and still be able to invest in and grow the business, therefore in the future the dividend may be reduced.

Base on our calculations, the intrinsic value per share is 5.06, which means it might overvalued by -39.23%



The next earnings report will be: 03-20-2019

The long-term trend of the EPS is a vital number as it helps understand the future potential of PennantPark Investment Corporation; it is usually expressed as a percentage and is then referred to as the EPS growth rate, which at this time is hard to estimate, but revenue growth has been 9.40% over the last twelve months.

Indicators Also to Watch:

Based on the latest filings, there is 62.90% of institutional ownership.

I calculated the beta to be 1.22

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Fundamental Numbers:

Based on last reported financials, the company’s return on equity is 6.84%, return on assets is 3.58%, profit margin is 31.87%, price-to-sales is 3.63 and price-to-book is 0.78.

Company Score Card:

Results are out of six:
 4  : Growth Expectations Result
 1  : Financial Safety Result
 1  : Past Performance Result
 4  : Valuation Result
 2  : Dividend Safety Result
 2  : Overall Result

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Jake McWilliams
I am an independent trader, analyst and algorithmic trading expert, having worked both for the sell side (brokerage) and the buy side (fund administration). I have been trading professionally for about 20 years. I trade stocks and forex and I play both long and short positions in underlying asset or through options. I have experience with discretionary and fully automated systems (Metatrader and Quantshare).

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