PNNT News and Press, PennantPark Investment Corporation From 04/19/20

As mentioned last week in "Picking Winners And Losers In The 18% Yielding BDC Sector," Business Development Companies ("BDCs") continue to trade at depressed values for many reasons including being considered small cap, financial sector, and high yield, all of which have been subject to indi...

Current BDC Yields of 17% (Before Likely Cuts) Business Development Companies ("BDCs") continue to trade at depressed values for many reasons including being considered small/micro-cap, financial sector, and high-yield all of which have been subject to indiscriminate selling (including m...

Roth IRA Conversions This is the ideal time to convert traditional individual retirement accounts holding Business Development Companies ("BDCs") into Roth IRAs due to: Beaten down stock prices Currently lower tax rates Reduced income/tax brackets Reducing taxes for beneficiar...

NEW YORK, April 09, 2020 (GLOBE NEWSWIRE) -- PennantPark Investment Corporation (the "Company") (NASDAQ: PNNT) announced that it will report results for the second fiscal quarter ended March 31, 2020 on Monday, May 11, 2020 after the close of the financial markets. The Company will also ...

Investing in BDC Notes and Baby Bonds I often take advantage of market dislocation such as this to invest higher up in the capital structure of Business Development Companies ("BDCs") including investment-grade Notes and Baby Bonds. S&P Global Ratings recently assigned and affirmed BBB...

NEW YORK, April 06, 2020 (GLOBE NEWSWIRE) -- PennantPark Investment Corporation (“PNNT,” “we” or “our”) (Nasdaq: PNNT) announced today that it issued an open letter to its stakeholders regarding a business update amid the COVID-19 pandemic. The f...

Co-produced with Trapping Value In the last few weeks we have had an immense urgency to get market updates out in a timely fashion. Outside the desire to inform investors as to what's happening, we are acutely aware that even the small lag between starting to write an update and finishin...

With its shares declining 55% in the past month, PennantPark Investment (NASDAQ: PNNT ) reports that directors, officers, and other employees of PennantPark Investment Advisers bought a total of 208,136 PNNT shares of common stock from Feb. 12 to March 31, 2020. More news on: PennantPa...

NEW YORK, April 01, 2020 (GLOBE NEWSWIRE) -- Directors, officers and other employees of PennantPark Investment Advisers, LLC purchased an aggregate of 208,136 shares of PennantPark Investment Corporation (“PNNT,” “we” or “our”) (Nasdaq: PNNT) common...

Co-produced with PendragonY Given recent market action and the on-going issues with the coronavirus and its spread, many are concerned about how BDCs will perform during today's extraordinary times. BDCs invest in middle-market companies, not the tiniest but far from the largest. M...