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 $6.77, up 0.3% from the previous day, and has increased 4.96% in one year. It has underperformed other stocks in the Asset Management industry by 0.34 percentage points. Pennantpark Investment stock is currently +7.29% from its 52-week low of $6.31, and -15.8% from its 52-week high of $8.04.
At the moment, there are 65.3M PNNT shares outstanding. The market value of PNNT is $442.05M. In the past 24 hours, 672,320 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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- Social investing: eToro boasts a community with more than 20 million users globally. Talk to, learn from, and copy the unique crypto portfolios of top investors.
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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.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Input your personal data to create your new brokerage account.
- Submit your details by pressing the "Create Account" button. Get started with eToro today
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/E ratio of 9.03x, relative to Asset Management industry P/E ratio of 50.86x
- PNNT may be undervalued based on its P/B ratio of 0.9x, relative to Asset Management industry P/B ratio of 3.08x
- PNNT could be overvalued based on its PEG ratio of 1.35x
You can do additional valuation research on PNNT's stock here.
PNNT Financial Health Overview
Pros:
- PNNT profit margin has gone up from -23.3% to 34% in the past year.
Cons:
- PNNT has a relatively high debt to equity ratio of 1.81.
- Total PNNT debt is higher than 5 years ago, relative to shareholder equity.
Is it a good time to buy PNNT stock, according to Wall Street analysts?
Out of 1 sell side analysts who research PNNT, the consensus analyst rating on Pennantpark Investment is a Hold
It's important to keep in mind that analyst ratings are not stock recommendations, nor are they financial advice.
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 earnings were $48.85M. Over the last five year, PNNT's earnings have increased by 25.59% per year. This was faster than the Asset Management industry average of 8.55%.
Last year, PNNT revenue was $143.82M. In the last 5 year, PNNT's revenue has increased by 5.11% per year. This was slower than the Asset Management industry average of 21.39%.
Dive into PNNT's earnings and revenue performance here.
What are PNNT executives and large shareholders up to?
In the past 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.
Learn more about who owns PNNT shares here.
Can I rely on PNNT as an income stream?
Pennantpark Investment pays a dividend of 13.29%, compared to the Asset Management industry's average dividend yield of 6.86%. If you owned $1,000 of PNNT stock, you would have been paid $132.94 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 data about Pennantpark Investment dividend yield and history here.
Get analysis from other investors
One of the primary reasons eToro is our highest-rated brokerage is because of its social trading community.
Click below to see what other community members have to say.
Step 5: Make your PNNT trade
There are two main order types:
- Market order: A market order is an order to buy or sell a security at the best price on the market.
Market orders are mostly the best for newer investors. - Limit order: A limit order allows you to buy or sell a security at a specific price (or better).
If you want to make sure you're buying or selling at a specific dollar amount, use a limit order.
Press the Open button and your broker will place the order.
If you require more assistance investing in stocks on eToro, watch the helpful video below:
Step 6: Keep tabs on your PNNT position
Now that you own some PNNT shares, you'll want to keep up with your stock purchase.
Create a watchlist to track your PNNT stock.
PNNT Feed
How to Buy Stock in Pennantpark Investment
To reiterate, here are the 6 steps you need to take to buy Pennantpark Investment stock right now:
- 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 venue.
Get Started with eToro TodayIf you want to get the latest scoop on your new investment in Pennantpark Investment, get started below.
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