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How to Buy Pennantpark Investment Stock

Pennantpark Investment Corp

PennantPark Investment Corporation is a business development company. It specializes in direct and mezzanine investments in middle market companies.

Pennantpark Investment stock last closed at $7.46, down 0.53% from the previous day, and has increased 29.29% in one year. It has overperformed other stocks in the Asset Management industry by 0.24 percentage points. Pennantpark Investment stock is currently +32.27% from its 52-week low of $5.64, and -3.99% from its 52-week high of $7.77.

As of Jun 18, 2024, there are 65.22M PNNT shares outstanding. The market value of PNNT is $486.57M. In the past 24 hours, 253,313 PNNT shares were traded.

How to Buy Pennantpark Investment Stock

Not sure how to invest in Pennantpark Investment stock? Here's how.
  1. Figure out where to buy Pennantpark Investment stock: You need to pick an online brokerage, but don't worry - we've researched dozens of stock brokerages and apps to help you choose where to buy Pennantpark Investment stock.
  2. Open a brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've selected.
  3. Fund your investment account: Select your payment method and add your information.
  4. Evaluate Pennantpark Investment stock: The Pennantpark Investment ticker symbol is PNNT. Is Pennantpark Investment stock a good investment? Should you buy shares of PNNT? How do PNNT's underlying business fundamentals look? Do top analysts think Pennantpark Investment is a good buy? Why has PNNT's stock price moved recently? (Hint: Our stock market research website can help you understand if PNNT is a good stock to buy).
  5. Make your PNNT trade: Decide if you will purchase PNNT shares at the current market price or use a limit order to purchase PNNT stock at a particular price.
  6. Keep tabs on your PNNT position: Create a watchlist to keep track of your new investment in Pennantpark Investment stock.

Step 1: Figure out where to buy Pennantpark Investment stock

You will need a brokerage account to access the NYSE market and buy PNNT stock.

A brokerage account is an investment account that enables you to buy and sell a variety of investments, including stocks, bonds, mutual funds, and ETFs.

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Step 2: Open a brokerage account

Now that you've selected the right brokerage, you need to fill out some personal details so you are able to invest in PNNT today.

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  1. Click here to get started.
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  2. Enter your personal info to create your new trading account.
  1. Send your details by clicking the "Create Account" button.
  2. Get started with eToro today
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Step 3: Fund your investment account

Now that you have finished signing up on one of the best stock market apps, you need to deposit funds:

Watch the walkthrough below if you need help depositing money into your investment account.

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Step 4: Evaluate Pennantpark Investment stock

Once you have decided on the best place to buy Pennantpark Investment stock, it's important to research their stock prior to investing, so you truly comprehend the risk and upside.

Pennantpark Investment quick stats

PNNT Price
$7.46
1w %
-2.1%
1y %
29.29%
5y %
18.41%
P/E
8.11x
P/B
0.97x
P/S
3.26x
PEG
N/A
Revenue
$149.37M
Earnings
$59.95M
Fore. Rev. Growth
-4.33%
Fore. Earn. Growth
0%
Market Cap
$486.57M
Next Earnings
Aug 6, 2024
Next Dividend
Jul 1, 2024

PNNT Due Diligence Checks

WallStreetZen was created to help everyday investors perform better fundamental analysis in minutes instead of hours.

You can view all of the due diligence checks on PNNT's stock page.

Is PNNT stock undervalued or overvalued?

Analysts use a variety of different financial metrics, analyses, models, and charts to gauge PNNT's intrinsic value.

Using relative valuations measures:

  • PNNT may be undervalued based on its P/E ratio of 8.11x, relative to Asset Management industry P/E ratio of 26.89x
  • PNNT could be undervalued based on its P/B ratio of 0.97x, relative to Asset Management industry P/B ratio of 2.37x

You can do additional valuation research on PNNT's stock here.

PNNT Financial Health Overview

Pros:

  • PNNT profit margin has gone up from -101.5% to 40.1% in the past year.

Cons:

  • PNNT earnings of $103.48M is not sufficient to cover its interest payments.
  • PNNT's operating cash flow of $12.78M allows it to safely service it's debt of $703.32M.
  • Total PNNT debt is higher than 5 years ago, relative to shareholder equity.
  • PNNT has a relatively high debt to equity ratio of 1.58.

You can dive deeper into what analysts are saying on the Pennantpark Investment stock forecast page.

PNNT Technical Indicators

SMA10
7.61
SMA20
7.51
SMA50
7.27
SMA100
7.04
SMA200
6.81
MACD
0.08
MACD Signal
0.11
MACD Histogram
-0.03
RSI
50.33
Stochastic %K
33.16
Stochastic %D
48.04
StochRSI %K
0
StochRSI %D
11.21

PNNT Performance Numbers

Last year, PNNT earnings were $59.95M. In the last 5 year, PNNT's earnings have increased by 15.38% per year. This was slower than the Asset Management industry average of 21.14%.

Last year, PNNT revenue was $149.37M. Over the last five year, PNNT's revenue has grown by 6.61% per year. This was slower than the Asset Management industry average of 22.47%.

You can research PNNT's earnings and revenue performance here.

Who is buying/selling PNNT?

In the last year, executives and large shareholders at PNNT have bought more shares than they have sold.

Richard T. Allorto Jr., CFO and Treasurer of PNNT, was the latest PNNT insider to buy. They bought $33,980.00 worth of PNNT shares on Mar 12, 2024.

Get more info about who owns PNNT stock here.

Can I get consistent income from PNNT stock?

Pennantpark Investment pays a dividend of 11.39%, compared to the Asset Management industry's average dividend yield of 6.84%. If you owned $1,000 worth of PNNT stock, you would have received $113.94 in the past 12 months.

Pennantpark Investment dividend payments have not consistently grown over the past decade and have not remained stable.

Dig into more info about Pennantpark Investment dividend yield and history here.

PNNT Social Trading Data

One of the major reasons eToro is our top-rated brokerage is because of its social trading community.

Click below to see what other investors have to say.

Step 5: Make your PNNT trade

You have two primary types of orders:

  • Market order: A market order is an order to buy or sell a security at the best price on the market.
    Market orders are usually fine.
  • Limit order: A limit order lets you buy or sell a security at a specific price (or better).
    If you want to be certain you're buying or selling at an exact price, place a limit order.

Press the Open Trade button and your broker will place your order.

If you want additional info about investing in stocks on eToro, click the how to video below:

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Step 6: Keep tabs on your PNNT position

Now that you own some PNNT shares, you'll want to stay up-to-date on your company.

Start a watchlist to track the most important metrics related to your PNNT stock.

PNNT Feed

How to Buy Stock in Pennantpark Investment

To summarize, here are the 6 steps for buying Pennantpark Investment stock:

  1. Figure out where to buy Pennantpark Investment stock
  2. Open a brokerage account
  3. Fund your investment account
  4. Evaluate Pennantpark Investment stock
  5. Make your PNNT trade
  6. Keep tabs on your PNNT position

If you need a brokerage, eToro is our recommended venue.

Get Started with eToro Today
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

If you would like to keep track of your investment in Pennantpark Investment, get started below.

NYSE: PNNT
$7.46-0.04 (-0.53%)
Updated Jun 18, 2024
Open eToro Account
NYSE: PNNT
$7.46-0.04 (-0.53%)
Updated Jun 18, 2024
Open eToro Account

FAQ

How much does it cost to buy one Pennantpark Investment share?

As of Jun 18, 2024, it costs $7.46 to buy one share of Pennantpark Investment stock.

Remember, eToro's fractional share buying allows you to buy partial shares of stocks and ETFs. Even if you only have $3, you can buy 0.402 shares of PNNT.

Get Started with eToro Today
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

What is the best way to buy Pennantpark Investment stock?

One way to place an order for Pennantpark Investment stock is with a brokerage account.
WallStreetZen does not provide financial advice and does not issue recommendations or offers to buy stock or sell any security.

Information is provided 'as-is' and solely for informational purposes and is not advice. WallStreetZen does not bear any responsibility for any losses or damage that may occur as a result of reliance on this data.