PNNT - Shares of PennantPark Investment Corporation (PNNT) Have Risen Above Previous 52-Week High

PennantPark Investment Corporation (NASDAQ:PNNT) traded at a new 52-week high today of $7.83. This new high was reached on below average trading volume as 196,000 shares traded hands, while the average 30-day volume is approximately 315,000 shares.

There is potential upside of 35.8% for shares of PennantPark Investment Corporation based on a current price of $7.70 and an average consensus analyst price target of $10.46.

In the past 52 weeks, shares of PennantPark Investment Corporation have traded between a low of $5.39 and a high of $7.83 and is now at $7.70, which is 43% above that low price.

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.

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