PennantPark Investment Corporation
NYSE•PNNT
CEO: Mr. Arthur Howard Penn
Sector: Financial Services
Industry: Asset Management
Listing Date: 2007-04-19
PennantPark Investment Corporation, a business development company is a private equity fund specializes in direct and mezzanine investments in middle market companies. It invests in the form of mezzanine debt, senior secured loans, and equity investments. The fund typically invests in buildings and real estate, hotels, gaming and leisure, technology, telecommunications, transportation, information technology services, electronics, healthcare & pharmaceuticals, education and childcare, financial services, printing and publishing, consumer products, business services, energy & Related Services and utilities, distribution, oil and gas, media, environmental services, aerospace and defense, building materials, capital equipment, chemicals, plastics, & rubber, food & beverage, wholesale, manufacturing and basic industries and retail. It invests in equity securities and debt transactions through preferred stock, common stock, warrants, options, senior secured debt, subordinated debt, subordinated loans, first lien debt, mezzanine loans, and distressed debt securities and private equity co-investments. It seeks to invest in companies based in the United States. The fund seeks to invest between $10 million and $100 million cross the capital structure (senior secured loans, subordinated debt, and other investments) in its portfolio companies with EBITDA between $10 to $50 million. Its mezzanine loans, senior secured loans, and other investments in its portfolio companies are between $15 million and $50 million. The fund may also make non-control equity and debt investments.
Contact Information
1691 Michigan Avenue, Suite 500, Miami Beach, FL, 33139, United States
212-905-1000
Market Cap
$311.46M
P/E (TTM)
11.9
0
Dividend Yield
20.1%
52W High
$7.53
52W Low
$4.64
52W Range
Rank48Top 64.4%
3.3
F-Score
Modified Piotroski Analysis
Based on 10-year fundamentals
Weak • 3.3 / 9 points
Scoring Range (0-9)
8-9: Excellent Value
6-7: Strong Fundamentals
4-5: Average Quality
0-3: Weak Performance
Data Period: 2016-2025
Financial Dashboard
Q1 2026 Data
Revenue
$27.25M+0.00%
4-Quarter Trend
EPS
$0.14+0.00%
4-Quarter Trend
FCF
$61.29M+0.00%
4-Quarter Trend
2026 Q1 Earnings Highlights
Key Highlights
Investment Income Declines Total investment income fell to $27.3M versus $34.2M last period; Net Investment Income dropped to $7.0M from $13.0M.
Strong Realized Gains Recorded Realized gains on investments totaled $59.0M for the quarter, a significant reversal from the $2.6M loss reported previously.
NAV Per Share Decreases Net asset value per share decreased sequentially to $7.00 from $7.11, reflecting $(57.1)M net unrealized depreciation impact.
Credit Facility Debt Reduced Outstanding borrowings under Truist Credit Facility decreased to $295.5M from $425.5M compared to prior quarter end.
Risk Factors
Significant Unrealized Depreciation Net change in unrealized depreciation on investments was $(57.1)M, primarily due to capital market condition changes impacting valuations.
Core Earnings Under Pressure Net Investment Income fell 46% to $7.0M, driven by lower interest income across the debt portfolio structure.
Non-Accrual Exposure Rises Four portfolio companies are on non-accrual status, representing 2.2% of cost basis investment exposure at period end.
Large Unfunded Commitments Company maintains $370.1M in unfunded commitments, requiring future capital deployment subject to market conditions.
Outlook
New Debt Issuance Completed Issued $75.0M aggregate principal amount of 7.0% Senior Unsecured Notes in January 2026 to fund investments.
Truist Facility Maturity Extended Amended Truist Credit Facility maturity extended to December 2030, with pricing reduced to SOFR plus 210 basis points.
PSLF Portfolio Growth PSLF portfolio fair value reached $1.36B, consisting of 118 debt investments with a weighted average yield of 9.6%.
Peer Comparison
Revenue (TTM)
$157.86M
$131.21M
$112.66M
Gross Margin (Latest Quarter)
425.9%
246.7%
82.4%
Key Metrics
Symbol | Market Cap | P/E (TTM) | ROE (TTM) | Debt to Assets |
|---|---|---|---|---|
| GAIN | $543.57M | 4.2 | 24.7% | 46.2% |
| DHIL | $468.54M | 9.7 | 28.0% | 2457.0% |
| GLAD | $406.45M | 11.0 | 7.5% | 44.0% |
Long-Term Trends
Last 4 Quarters
Revenue
Net Income
Operating Cash Flow
4Q Revenue CAGR
-3.9%
Flat Growth
4Q Net Income CAGR
-1.8%
Stable Profitability
Cash Flow Stability
100%
Strong Cash Flow
Deep Research
Next earnings:May 11, 2026
EPS:$0.14
|Revenue:$26.86M
Financials
Earnings Calls
Reports
News
Income Statement
Balance Sheet
Cash Flow Statement
Ratios
% Chg.
Income Statement | LTM |
|---|
No Data