In a report released yesterday, Ryan Lynch from KBW reiterated a Hold rating on Pennantpark Investment Corp (NASDAQ: PNNT), with a price target of $8. The company’s shares closed yesterday at $7.53.
According to TipRanks.com, Lynch is a 3-star analyst with an average return of 5.5% and a 66.7% success rate. Lynch covers the Financial sector, focusing on stocks such as Oaktree Specialty Lending Corporation, TriplePoint Venture Growth, and Kohlberg Capital Corp.
The word on The Street in general, suggests a Hold analyst consensus rating for Pennantpark Investment Corp with a $8 average price target, a 6.2% upside from current levels. In a report released yesterday, Jefferies also reiterated a Hold rating on the stock with a $8 price target.
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Pennantpark Investment Corp’s market cap is currently $535.1M and has a P/E ratio of 12.28. The company has a Price to Book ratio of 0.84.
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PennantPark Investment Corp. engages in the provision of access to the middle market direct lending. It seeks to create diversified portfolio which includes first lien secured debt, second lien secured debt, subordinated debt and equity investments. The company was founded by Arthur H. Penn on January 11, 2007 and is headquartered in New York, NY.
