PNNT News and Press, PennantPark Investment Corporation From 06/02/22

Interest rates are rising, and this article discusses the BDC sector currently yielding between 7% and 12% that will benefit. This article discusses HTGC currently yielding over 12% for the reasons discussed below and will likely rebound, providing excellent returns. HTGC is well ...

We take a look at the action in BDCs through the first week of May and highlight some of the key themes we are watching. BDCs were roughly flat on the week, outperforming the broader income space. We discuss some of the key factors that may prevent a full pass-through of higher sh...

MIAMI, May 06, 2022 (GLOBE NEWSWIRE) -- PennantPark Investment Corporation (the “Company”) (NYSE: PNNT) announced today the appointment of Mr. José A. Briones, Jr. to the Company’s Board of Directors, effective May 3, 2022. Mr. Briones is a Senior Partner at Pennan...

PennantPark Investment Corporation (PNNT) Q2 2022 Earnings Conference Call May 05, 2022 12:00 PM ET Company Participants Art Penn – Chairman and Chief Executive Officer Richard Cheung – Chief Financial Officer Conference Call Participants Paul Johnson – KBW Robert Dodd &#...

PennantPark Investment press release (NYSE:PNNT): Q2 NII EPS of $0.18 (vs. $0.13 in prior-year quarter). Total investment income of $24.3M (vs. $19.2M in prior-year quarter). During the quarter, 913,454 shares were repurchased in open market transactions for an aggregate cost (including trans...

MIAMI, May 04, 2022 (GLOBE NEWSWIRE) -- PennantPark Investment Corporation (NYSE: PNNT) announced today financial results for the second fiscal quarter ended March 31, 2022. ___________________ (1) Includes investments in PennantPark Senior Loan Fund, LLC, or PSLF, an unconsolid...

PennantPark Investment (NYSE:PNNT) is scheduled to announce Q2 earnings results on Wednesday, May 4th, after market close. The consensus EPS Estimate is $0.17 and the consensus Revenue Estimate is $26M (+35.4% Y/Y). Over the last 3 months, EPS estimates have seen 8 upward revisions and 0 down...

April dividend yield increased a bit to 4.8%, with income down a bit by 0.6% from 2021 and down 2.6% from Jan 2022 Q1. RIG value is green, up 4.2% YTD and holds the advantage by 17.5% over the S&P 500 which was down 8.8% for April and 13.3% YTD. Transactions were 1 sell, 1 buy...

FGB has been performing about flat for the year, which is better than most other investments at this time. This might be surprising since it is generally a riskier position, but this is because BDCs can actually benefit from higher interest rates. The fund's discount is right near...

We take a look at the action in BDCs through the third week of April and highlight some of the key themes we are watching. The income space had a tough week, and BDCs did not escape unscathed, with a 1% drop. We take a look at whether the coming BDC income increases are likely ful...