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 $5.60, up 1.27% from the previous day, and has decreased 20.68% in one year. It has underperformed other stocks in the Asset Management industry by 0.17 percentage points. Pennantpark Investment stock is currently +19.15% from its 52-week low of $4.70, and -21.73% from its 52-week high of $7.16.
At the moment, there are 65.22M PNNT shares outstanding. The market value of PNNT is $365.26M. In the past 24 hours, 434,286 PNNT shares were traded.
How to Buy Pennantpark Investment Stock
Not sure how to invest in Pennantpark Investment stock? Here's how.
- Figure out where to buy Pennantpark Investment stock: You need to choose a stock brokerage, but don't worry - we've tried dozens of online brokerages and apps to help you figure out where to buy Pennantpark Investment stock.
- Open a brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've identified.
- Fund your investment account: Select your method of payment and add your information.
- 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 tools can help you understand if PNNT is a good stock to buy).
- Make your PNNT trade: Decide if you will purchase PNNT shares at the current market price or use a limit order to buy PNNT stock at a given price.
- Keep tabs on your PNNT position: Create a watchlist to key updates about your new investment in Pennantpark Investment stock.
Step 1: Figure out where to buy Pennantpark Investment stock
You need an online brokerage account to access the NYSE market and buy PNNT stock.
Our preferred brokerage: eToro
Based on our research, eToro is the best online stock brokerage. eToro gives you:
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- Buy fractional shares: Even if you don't have the money to buy a full share, you can still buy the stock.
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- Security: eToro is a regulated and licensed fintech leader.
- Buy other financial assets: Such as ETFs and cryptos.
Get $10 towards your purchase of shares by opening an account with eToro today.
Open eToro AccountStep 2: Open a brokerage account
Now that you've chosen the right brokerage, you need to fill out some personal details so you are able to invest in PNNT stock today.
How to Create a New Account on eToro
- Click here to get started.
- Input your personal data to create your new brokerage account.
- Submit your details by pressing the "Create Account" button.
Step 3: Fund your investment account
Now that you have opened your account on the best stock investing app, you can securely and quickly fund your account:
Check out the video below to see the process of transferring money into your investment account.
Step 4: Evaluate Pennantpark Investment stock
After you have chosen the best place to buy Pennantpark Investment stock, it's absolutely critical to research their stock prior to investing, so you truly wrap your head around the risk as well as the upside.
Overview of key PNNT info
PNNT Overview
WallStreetZen was built to help average investors do better fundamental analysis in minutes instead of hours.
You can see all of the due diligence checks on PNNT's stock page.
Is PNNT stock undervalued?
Investors use many financial metrics, analyses, models, and charts to gauge PNNT's intrinsic value.
Using relative valuations ratios:
- PNNT may be undervalued based on its P/B ratio of 0.74x, relative to Asset Management industry P/B ratio of 2x
You can do additional valuation research on PNNT's stock here.
A quick look at PNNT Financials
Cons:
- Total PNNT debt is higher than 5 years ago, relative to shareholder equity.
- PNNT has a relatively high debt to equity ratio of 1.46.
- PNNT profit margin has gone down from 88.9% to -101.6% in the past year.
Is it a good time to buy PNNT stock, according to analysts?
Out of 2 Equities analysts who track PNNT, the consensus analyst rating on Pennantpark Investment is a Buy
Please keep in mind that analyst ratings are not recommendations, nor are they financial advice.
Latest PNNT Analyst Upgrades/Downgrades
Mark Hughes, a top 6% analyst from Truist Securities maintains PNNT with a strong buy rating and lowers their PNNT price target from $8.00 to $7.00, on Feb 13, 2023.
Ryan Lynch, a top 27% analyst from Keefe, Bruyette & Woods downgrades PNNT to a hold rating and lowers their PNNT price target from $7.00 to $5.50, on Feb 9, 2023.
You can dive deeper into what analysts are projecting on the Pennantpark Investment stock forecast page.
PNNT Trading Indicators
How are PNNT Revenues/Earnings doing?
Last year, PNNT revenue was $118.59M. Over the last five year, PNNT's revenue has increased by 0.64% per year. This was slower than the Asset Management industry average of 17.12%.
Dig into PNNT's earnings and revenue performance here.
Who is buying/selling PNNT?
In the last year, insiders at PNNT have bought more shares than they have sold.
Arthur H. Penn, Chairman and CEO of PNNT, was the latest PNNT insider to buy. They bought $134,232.00 worth of PNNT stock on May 18, 2023.
Get more info about who owns PNNT stock here.
Does PNNT provide a stable income stream?
Pennantpark Investment pays a dividend of 11.52%, compared to the Asset Management industry's average dividend yield of 6.72%. If you owned $1,000 worth of PNNT stock, you would have received $115.18 last year.
Pennantpark Investment dividend payments have not consistently grown over the past decade and have not remained stable.
Get more data about Pennantpark Investment dividend yield and history here.
PNNT Social Trading Data
One of the reasons eToro is our top-rated brokerage is because of its social trading community.
Click below to learn what other community members have to say.
Step 5: Make your PNNT trade
There are two main options:
- Market order: A market order is an order to buy or sell a security at the best possible price.
Market orders are usually fine. - Limit order: A limit order allows you to buy or sell a stock at a specific price (or better).
If you want to be sure you're buying or selling at a given price limit, place a limit order.
Hit the Open Trade button and your broker will execute the order.
If you want more help with investing in stocks on eToro, click the how to video below:
Step 6: Keep tabs on your PNNT position
Now that you own some shares in PNNT, you'll want to keep up with 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:
- Figure out where to buy Pennantpark Investment stock
- Open a brokerage account
- Fund your investment account
- Evaluate Pennantpark Investment stock
- Make your PNNT trade
- Keep tabs on your PNNT position
If you need a brokerage, eToro is our favorite option.
Get Started with eToro TodayIf you want to keep track of your new investment in Pennantpark Investment, add PNNT to your watchlist below.
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