PennantPark Investment Corporation (NASDAQ:PNNT) is reporting fourth quarter earnings results on Thursday 19th November 2020, after market close.
The consensus estimates from Thomson Reuters are income of $ 0.16 per share.
For the full year, analysts predict revenues of $ 102.35 million, while looking forward to income of $ 0.63 per share.
Previous Quarter Performance
PennantPark Investment Corporation came out with income for the third quarter of $ 0.16 per share, from the revenue of $ 25.41 million. Wall street analysts are predicting, PNNT to report 3Q20 income of $ 0.16 per share from revenue of $ 25.90 million. The top line results fell short of analysts by $ 0.49 million or 1.89 percent.
Stock Performance
Shares of PennantPark Investment Corporation traded up $ 0.05 or 1.42 percent on Wednesday, reaching $ 3.57 with volume of 440.10 thousand shares. PennantPark Investment Corporation has traded high as $ 3.64 and has cracked $ 3.52 on the downward trend
According to the previous trading day, closing price of $ 3.57, representing a 100.00 % increase from the 52 week low of $ 1.76 and a 48.69 % decrease over the 52 week high of $ 6.86.
The company has a market capital of $ 239.35 million and is part of the Financial Services sector and Asset Management industry.
PennantPark Investment Corporation specializes in direct and mezzanine investments in middle market companies. It invests in the form of mezzanine debt, senior secured loans, and equity investments. The fund typically invests in building and real estate, hotels and gaming, electronics, healthcare, education and childcare, financial services, printing and publishing, consumer products, business services, energy and utilities, distribution, oil and gas, media, environmental services, aerospace and defense, manufacturing industries and retail.
