PNNT - PennantPark Investment Corporation: 52-Week High Recently Eclipsed (PNNT)

PennantPark Investment Corporation (NASDAQ:PNNT) traded today at a new 52-week high of $7.95. This new high was reached on below average trading volume as 196,000 shares traded hands, while the average 30-day volume is approximately 400,000 shares.

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 US 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 most of its revenue from interest and dividends received from investments made.

PennantPark Investment Corporation has overhead space with shares priced $7.93, or 25.9% below the average consensus analyst price target of $10.71.

PennantPark Investment Corporation share prices have moved between a 52-week high of $7.95 and a 52-week low of $5.39 and are now trading 47% above that low price at $7.93 per share.

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