PennantPark Investment (NASDAQ:PNNT) Stock Rating Lowered by LADENBURG THALM/SH SH

PennantPark Investment (NASDAQ:PNNT) was downgraded by LADENBURG THALM/SH SH from a “buy” rating to a “neutral” rating in a research note issued to investors on Wednesday, Marketbeat Ratings reports.

A number of other equities analysts also recently commented on PNNT. Compass Point upgraded shares of PennantPark Investment from a “sell” rating to a “neutral” rating and set a $6.00 target price for the company in a research note on Monday, September 9th. StockNews.com cut shares of PennantPark Investment from a “hold” rating to a “sell” rating in a research report on Friday, August 9th. One analyst has rated the stock with a sell rating and four have given a hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $6.00.

PennantPark Investment Stock Performance

Shares of PNNT stock opened at $6.91 on Wednesday. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 1.54. The firm has a fifty day moving average price of $6.96 and a 200 day moving average price of $7.18. The company has a market cap of $451.22 million, a P/E ratio of 40.65 and a beta of 1.52. PennantPark Investment has a 12 month low of $6.31 and a 12 month high of $8.04.

Institutional Investors Weigh In On PennantPark Investment

Institutional investors and hedge funds have recently bought and sold shares of the stock. Verition Fund Management LLC purchased a new stake in shares of PennantPark Investment in the third quarter valued at about $74,000. Brookstone Capital Management purchased a new stake in shares of PennantPark Investment in the second quarter valued at about $105,000. Quantbot Technologies LP purchased a new stake in shares of PennantPark Investment in the third quarter valued at about $133,000. Paloma Partners Management Co purchased a new stake in shares of PennantPark Investment in the third quarter valued at about $173,000. Finally, EMC Capital Management raised its holdings in shares of PennantPark Investment by 10.5% in the first quarter. EMC Capital Management now owns 31,789 shares of the asset manager’s stock valued at $219,000 after buying an additional 3,014 shares during the last quarter. 26.62% of the stock is owned by hedge funds and other institutional investors.

PennantPark Investment Company Profile

PennantPark Investment Corporation, a business development company is a private equity fund 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 buildings and real estate, hotels, gaming and leisure, technology, telecommunications, transportation, information technology services, electronics, healthcare & pharmaceuticals, education and childcare, financial services, printing and publishing, consumer products, business services, energy & Related Services and utilities, distribution, oil and gas, media, environmental services, aerospace and defense, building materials, capital equipment, chemicals, plastics, & rubber, food & beverage, wholesale, manufacturing and basic industries and retail.