PennantPark Investment (PNNT)
Invests across debt and equity instruments of US middle-market companies.
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Provides capital to US middle-market companies through senior, junior and subordinated debt, plus selective equity investments. Its closed-end BDC structure relies on PennantPark Investment Advisers to manage operations and investment activity.
Invests in US middle-market companies through first-lien, second-lien and subordinated debt, with a smaller allocation to equity. The portfolio is executed through a publicly traded business development company structure rather than a conventional operating business.
PennantPark Investment Advisers manages operations and provides investment-advisory services under an Investment Management Agreement, subject to board oversight. The issuer itself reported no employees, with relevant professionals hired by its adviser and administrator.
Elected BDC treatment under the Investment Company Act and RIC treatment for federal tax purposes shape its operating and tax framework. Its common stock trades on the New York Stock Exchange.
Company facts
Target rangeAs of Sep 22, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| May 19, 2026 | Truist Financial | Target | Target: $7 | Target: $5 |
| May 12, 2026 | Oppenheimer | Reiterate | Rating: —Target: $6 | Target: $5 |
| Feb 11, 2026 | Oppenheimer | Target | Target: — | Target: $6 |
| Dec 3, 2025 | Compass Point | Upgrade | ||
| Dec 2, 2025 | Compass Point | Target | Target: $6 | Target: $5.50 |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $39.3M · Total debt $547.9M · Total assets $1.26B · Shareholders' equity $428.0M
- Revenue
- $36.8M
- Operating income
- $13.5M
- Net income
- $4.5M
HistoryDividendAnnual yield
| Institutions | 19.68% | 12.85M shares | |
|---|---|---|---|
| 105 holders · as of Jun 30, 2026 | |||
| Insiders | 0.52% | 337.1K shares | |
| 3 holders · as of Mar 12, 2026 | |||
| Other | 79.80% | 52.11M shares | |
| remainder | |||
65.30M company shares as of Sep 23, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
Invesco Ltd.Institution | 2.81% | 1.84M | as of Jun 30, 2026 |
LSV Asset ManagementInstitution | 2.05% | 1.34M | as of Jun 30, 2026 |
Two Sigma Investments, LPInstitution | 1.54% | 1.00M | as of Jun 30, 2026 |
Morgan StanleyInstitution | 1.17% | 766,499 | as of Jun 30, 2026 |
Millennium Management LLCInstitution | 0.96% | 628,605 | as of Jun 30, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Mar 11, 2026 | Richard T. JR Allorto | officer: CFO and Treasurer | +15,000 | $4.88 |
| Dec 8, 2025 | Jeffrey Flug | director | −121,533 | $5.92 |
| Dec 5, 2025 | Jeffrey Flug | director | −20,000 | $5.85 |
| Dec 4, 2025 | Jeffrey Flug | director | −23,303 | $5.78 |
| Dec 3, 2025 | Jeffrey Flug | director | −10,000 | $5.75 |
- Ares Capital
Large publicly traded BDC focused on U.S. middle-market lending
- Blue Owl Capital
Large BDC lending to U.S. middle-market companies
- FS KKR Capital
Public BDC providing customized credit to private middle-market firms
- Blackstone Secured Lending Fund
Large externally managed BDC investing in private-company debt
- Golub Capital BDC
Externally managed BDC with a multi-billion-dollar credit portfolio
- Sixth Street Specialty Lending
BDC directly originating loans to U.S. middle-market companies
Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| PennantPark Investment | $3.39 | −1.34% | $224.6M | 21.8 | 5.9 | 2.3 | −16.2% |
| Ares Capital | $19.19 | −0.89% | $13.90B | 14.3 | 10.0 | 6.0 | +32.6% |
| Blue Owl Capital | $10.96 | −1.62% | $5.53B | 19.9 | 8.5 | 3.9 | −20.8% |
| FS KKR Capital | $11.16 | −1.33% | $3.17B | — | 7.1 | 3.3 | +11.5% |
| Blackstone Secured Lending Fund | $24.64 | −0.32% | $5.75B | 19.5 | 9.4 | 5.4 | +25.9% |
| Golub Capital BDC | $12.44 | −0.73% | $3.26B | 22.8 | 9.7 | 4.6 | −14.2% |
| Sixth Street Specialty Lending | $18.08 | −1.47% | $1.74B | 19.3 | 10.1 | 5.1 | −13.0% |
| Median | 19.5 | 9.5 | 4.8 | −0.8% |