Summary
PNNT Chart
PennantPark Investment: Q2 Earnings Indicate Continued Weakness
PennantPark Investment reported disappointing Q2 earnings with declining net investment income and NAV, leading to a hold rating due to insufficient distribution support. PNNT's price fell 8.6% over the past year, with total returns barely positive at 2.4%, despite a high dividend yield of 14.7%. New investments of $176.8M were outpaced by $263.1M in sales and repayments, indicating a need for more capital allocation to new investments.
PennantPark Investment Corporation (PNNT) Q1 2025 Earnings Conference Call Transcript
PennantPark Investment Corporation (NYSE:PNNT ) Q1 2025 Earnings Conference Call May 13, 2025 12:00 PM ET Company Participants Art Penn - Chairman & CEO Rick Allorto - CFO Conference Call Participants Maxwell Fritscher - Truist Melissa Wedel - JPMorgan Operator Good afternoon and welcome to the PennantPark Investment Corporation's Second Fiscal Quarter 2025 Earnings Conference Call. Today's conference is being recorded.
PennantPark (PNNT) Q2 Earnings: Taking a Look at Key Metrics Versus Estimates
Although the revenue and EPS for PennantPark (PNNT) give a sense of how its business performed in the quarter ended March 2025, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
PennantPark Investment Corporation Dividends
 PNNT In 1 month Announced | Monthly | $0.08 Per Share |
| PNNT In 4 days Announced | Other | $0.08 Per Share |
| PNNT 3 weeks ago Paid | Monthly | $0.08 Per Share |
| PNNT 1 month ago Paid | Monthly | $0.08 Per Share |
| PNNT 2 months ago Paid | Monthly | $0.08 Per Share |
PennantPark Investment Corporation Earnings
| 11 Aug 2025 11 Aug 2025 Date | | 0.18 Cons. EPS | - EPS |
| 6 Aug 2025 Date | | 0.18 Cons. EPS | - EPS |
| 6 May 2025 Date | | 0.19 Cons. EPS | 0.18 EPS |
| 5 Feb 2025 Date | | 0.21 Cons. EPS | 0.2 EPS |
| 5 Nov 2024 Date | | 0.22 Cons. EPS | - EPS |
| PNNT In 1 month Announced | Monthly | $0.08 Per Share |
| PNNT In 4 days Announced | Other | $0.08 Per Share |
| PNNT 3 weeks ago Paid | Monthly | $0.08 Per Share |
| PNNT 1 month ago Paid | Monthly | $0.08 Per Share |
| PNNT 2 months ago Paid | Monthly | $0.08 Per Share |
| 11 Aug 2025 11 Aug 2025 Date | | 0.18 Cons. EPS | - EPS |
| 6 Aug 2025 Date | | 0.18 Cons. EPS | - EPS |
| 6 May 2025 Date | | 0.19 Cons. EPS | 0.18 EPS |
| 5 Feb 2025 Date | | 0.21 Cons. EPS | 0.2 EPS |
| 5 Nov 2024 Date | | 0.22 Cons. EPS | - EPS |
PennantPark Investment Corporation (PNNT) FAQ
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PennantPark Investment Corporation Profile
| Asset Management Industry | Financial Services Sector | Arthur Howard Penn CEO | NYSE Exchange | 708062104 Cusip |
| US Country | - Employees | 15 Sep 2025 Last Dividend | - Last Split | 19 Apr 2007 IPO Date |
Overview
PennantPark Investment Corporation operates as a business development company and presents itself as a private equity fund focused on middle market companies. Specializing in both direct and mezzanine investments, it serves an essential role in providing financial solutions to firms within this segment. The corporation is distinguished by its versatile investment portfolio that encompasses a broad array of sectors ranging from technology and healthcare to energy and manufacturing. By prioritizing investments in the form of mezzanine debt, senior secured loans, and equity investments, PennantPark aims to address the comprehensive capital needs of its partner companies while targeting those with EBITDA ranging from $10 to $50 million. This strategy underscores the company's commitment to fostering growth and operational excellence in the middle market domain.
Products and Services
- Mezzanine Debt
- Senior Secured Loans
- Equity Investments
- Warrants and Options
- First Lien Debt
- Distressed Debt Securities
- Private Equity Co-investments
High-yield, subordinated loans that fill the gap between senior secured debt and equity. These are designed for companies seeking flexible capital solutions, where PennantPark typically targets investment sizes between $15 million and $50 million.
Loans that have priority over other types of debt in case of a company's liquidation. These investments signify PennantPark's role in providing secured lending to ensure a lower-risk capital option for businesses, with investment sizes similar to those of mezzanine debt.
Investments in the form of preferred or common stock, giving PennantPark a stake in the company's potential success. This includes the ability for the fund to participate in non-control equity investments, thus fostering long-term partnerships with growth-oriented companies.
These financial instruments provide PennantPark with the right, but not the obligation, to purchase stocks or securities at a predetermined price before the options expire, thus allowing participation in the company's equity appreciation.
Debt that takes precedence over all other financial obligations, offering PennantPark and its stakeholders a secure position in the company’s capital structure. Investments in this category are tailored to cater to companies requiring substantial senior debt financing.
Investments in companies that are experiencing financial or operational difficulties. PennantPark views these as opportunities to provide turnaround capital, potentially reaping rewards from the company's recovery and growth.
Direct equity investments alongside other private equity firms. These co-investments allow PennantPark to share investment risks and benefits with partners, leveraging collective expertise in specific sectors or projects.
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