La catena delle opzioni mostra i dati chiave delle opzioni azionarie di Pennant Park Investment a vari prezzi di esercizio e date di scadenza. I trader utilizzano queste informazioni per analizzare potenziali operazioni e valutare il sentiment del mercato per Pennant Park Investment..

Pennant Park Investment (NYSE:PNNT) Azioni, Catena delle Opzioni

Pennant Park Investment

Pennant Park Inv

Pennant Park Investment Corp is a closed-end, non-diversified investment company. Its investment objective is to generate current income and capital appreciation also seeking to preserve capital through debt and equity investments. The company focuses on investing in United States middle-market companies that offer attractive risk-reward to investors and to create a diversified portfolio that includes senior secured debt, mezzanine debt, and equity investments. It generates majority of its revenue from interest and dividends received from investments made.

PennantPark Investment Corporation Common Stock

Pennant Park Investment Corp

Compass Point analyst Casey Alexander upgrades Pennant Park Investment (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PNNT#NYSE">PNNT</a>) from Sell to Neutral and announces $6 price target.

News

Upgrades

Price Target

Analyst Ratings

PNNT

Compass Point Upgrades Pennant Park Investment to Neutral, Announces $6 Price Target

Compass Point analyst Casey Alexander maintains Pennant Park Investment (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PNNT#NYSE">PNNT</a>) with a Sell and lowers the price target from $6.5 to $6.

Compass Point Maintains Sell on Pennant Park Investment, Lowers Price Target to $6

Pennant Park Investment (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PNNT#NYSE">PNNT</a>) reported quarterly earnings of $0.24 per share which beat the analyst consensus estimate of $0.20 by 20 percent. This is a 31.43 percent decrease over earnings of $0.35 per share from the same period last year. The company reported quarterly sales of $37.004 million which beat the analyst consensus estimate of $36.658 million by 0.94 percent. This is a 17.79 percent decrease over sales of $45.011 million the same period last year.

Earnings

Earnings Beats

Pennant Park Investment Q3 2024 GAAP EPS $0.24 Beats $0.20 Estimate, Sales $37.004M Beat $36.658M Estimate

Compass Point analyst Casey Alexander downgrades Pennant Park Investment (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PNNT#NYSE">PNNT</a>) from Neutral to Sell and announces $6.5 price target.

Downgrades

Compass Point Downgrades Pennant Park Investment to Sell, Announces $6.5 Price Target

As of June 10, 2024, five stocks in the financial sector could be flashing a real warning to investors who value momentum as a key criteria in their trading decisions.
The RSI is a momentum indicator, which compares a stock&#8217;s strength on days when prices go up to its strength on days when prices go down. When compared to a stock&#8217;s price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered overbought when the <a href="https://www.benzinga.com/topic/rsi">RSI is above 70</a>, according to <a href="https://pro.benzinga.com/">Benzinga Pro</a>. 
Here's the latest list of major overbought players in this sector.
<h3 class="wp-block-heading">UP Fintech Holding Ltd (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TIGR#NASDAQ">TIGR</a>)</h3>
<ul>
<li>On June 5, UP Fintech Holding reported a year-over-year increase in first-quarter sales results. Mr. Wu Tianhua, Chairman and CEO of UP Fintech stated, &#8220;Market backdrop was more active in the first quarter, total revenue in the first quarter was US$78.9 million, representing a 12.8% increase sequentially and 19.0% increase compared to the same quarter last year. Benefiting from our brand strength and R&amp;D capabilities, both GAAP and non-GAAP net income experienced significant growth.&#8221; GAAP The company's stock gained around 11% over the past five days and has a <a href="https://www.benzinga.com/quote/TIGR">52-week high of $5.80</a>.</li>
<li>RSI Value: 72.85&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</li>
<li>TIGR Price Action: Shares of UP Fintech gained 5.9% to close at $4.75 on Friday.</li>
</ul>
<h3 class="wp-block-heading">PennantPark Investment Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PNNT#NYSE">PNNT</a>)</h3>
<ul>
<li>On May 8, Pennant Park Investment posted downbeat quarterly results. &#8220;We are pleased to announce an increase in our monthly dividend based on the continued strong underlying credit performance of our portfolio,&#8221; said Arthur Penn, Chairman and CEO.  &#8220;Our earnings stream continues to be robust and is driven in part by the  excellent returns generated by our PSLF Joint Venture.&#8221; The company's stock gained around 6% over the past month and <a href="https://www.benzinga.com/quote/PNNT">has a 52-week high</a> of $7.73.</li>
<li>RSI Value: 72.03</li>
<li>PNNT Price Action: Shares of PennantPark Investment rose 0.8% to close at $7.72 on Friday.</li>
</ul>
<h3 class="wp-block-heading">Saratoga Investment Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SAR#NYSE">SAR</a>)</h3>
<ul>
<li>On May 23, Saratoga Investment raised its quarterly dividend from 73 cents to 74 cents per share. The company's stock gained around 5% over the past month and has a <a href="https://www.benzinga.com/quote/SAR">52-week high</a> of $28.15.</li>
<li>RSI Value: 71.18</li>
<li>SAR Price Action: Shares of Saratoga Investment gained 0.4% to close at $24.29 on Friday.</li>
</ul>
<h3 class="wp-block-heading">FS KKR Capital Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FSK#NYSE">FSK</a>)</h3>
<ul>
<li>On June 6, FSK completed public offering of $600 million 6.875% unsecured notes due 2029. The company's stock jumped around 4% over the past month and has a 52-week high is $20.99.</li>
<li>RSI Value: 71.12</li>
<li>FSK Price Action: Shares of FS KKR Capital gained 0.2% to close at $20.62 on Friday.</li>
</ul>
<h3 class="wp-block-heading">Hagerty Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HGTY#NYSE">HGTY</a>)</h3>
<ul>
<li>On May 7, Hagerty posted mixed quarterly results. &#8220;We are off to a great start in 2024 as the initiatives undertaken in 2023 powered strong top-line momentum and significant margin expansion,&#8221; said McKeel Hagerty, Chief Executive Officer and Chairman of Hagerty. The company's stock jumped around 14% over the past month and &lt;a href=&#8221;https://www.benzinga.com/quote/HGTY&#8221;&gt;&lt;em&gt; has a 52-week high &lt;/em&gt;&lt;/a&gt; of $10.10.</li>
<li>RSI Value: 75.30</li>
<li>HGTY Price Action: Shares of Hagerty rose 3% to close at $10.10 on Friday.</li>
</ul>
Read More: <a href="https://www.benzinga.com/trading-ideas/long-ideas/24/06/39226950/jim-cramer-is-worried-about-palo-alto-networks-calls-monday-com-really-good">Jim Cramer Is &#8216;Worried&#8217; About Palo Alto Networks, Calls Monday.com &#8216;Really Good</a>&#8216;

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HGTY

TIGR

Top 5 Financial Stocks That May Collapse This Quarter

Pennant Park Investment (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PNNT#NYSE">PNNT</a>) reported quarterly earnings of $0.22 per share which missed the analyst consensus estimate of $0.24 by 8.33 percent. This is a 15.38 percent decrease over earnings of $0.26 per share from the same period last year. The company reported quarterly sales of $35.979 million which missed the analyst consensus estimate of $36.336 million by 0.98 percent. This is a 1.02 percent decrease over sales of $36.349 million the same period last year.

Earnings Misses

Pennant Park Investment Q2 2024 GAAP EPS $0.22 Misses $0.24 Estimate, Sales $35.979M Miss $36.336M Estimate

Pennant Park Investment (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PNNT#NYSE">PNNT</a>) reported quarterly earnings of $0.22 per share which missed the analyst consensus estimate of $0.24 by 8.33 percent. This is a 15.38 percent decrease over earnings of $0.26 per share from the same period last year. The company reported quarterly sales of $35.98 million which missed the analyst consensus estimate of $36.34 million by 0.99 percent. This is a 1.02 percent decrease over sales of $36.35 million the same period last year.

Pennant Park Investment Q2 EPS $0.22 Misses $0.24 Estimate, Sales $35.98M Miss $36.34M Estimate

Pennant Park Investment (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PNNT#NYSE">PNNT</a>) reported quarterly earnings of $0.24 per share which beat the analyst consensus estimate of $0.22 by 9.09 percent. The company reported quarterly sales of $34.34 million which beat the analyst consensus estimate of $32.74 million by 4.89 percent. This is a 14.59 percent increase over sales of $29.96 million the same period last year.

Pennant Park Investment Q1 2024 GAAP EPS $0.24 Beats $0.22 Estimate, Sales $34.34M Beat $32.74M Estimate

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Earnings Scheduled For February 7, 2024

Thursday marks the last chance for investors to receive the next dividend payout from Pennant Park Investment (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PNNT#NYSE">PNNT</a>). 
<h3>What's Happening</h3>
The company announced on Wednesday that it would pay shareholders a monthly dividend of 7 cents per share. On Friday, Pennant Park Investment will go ex-dividend, meaning the stock will trade lower to reflect that payout. In other words, the stock will likely open 7 cents lower than it would have opened on any other day.
In order to be eligible to receive a company's dividend, shareholders must own the stock prior to the ex-dividend date—in this case, Friday. Shareholders who own PNNT as of the end of Thursday's session are eligible to receive the 7 cents dividend payout for every share that they own. 
According to the company, this dividend will be paid out to shareholders on February 01, 2024. Investors will then be able to either reinvest those dividends back into the stock or use the payment in some other way. 
<a href="https://www.benzinga.com/quote/PNNT">See current stock movements Pennant Park Investment on Benzinga.</a>

Dividends

Pennant Park Investment's Ex-Dividend Date Is Friday, Here's What You Need To Know

Raymond James analyst Robert Dodd maintains Pennant Park Investment (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PNNT#NYSE">PNNT</a>) with a Outperform and raises the price target from $7.25 to $7.5.

Raymond James Maintains Outperform on Pennant Park Investment, Raises Price Target to $7.5

Pennant Park Investment (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PNNT#NYSE">PNNT</a>) reported quarterly earnings of $0.24 per share which beat the analyst consensus estimate of $0.22 by 9.09 percent. This is a 71.43 percent increase over earnings of $0.14 per share from the same period last year. The company reported quarterly sales of $34.04 million which missed the analyst consensus estimate of $34.83 million by 2.26 percent. This is a 17.67 percent increase over sales of $28.93 million the same period last year.

Pennant Park Investment Q4 EPS $0.24 Beats $0.22 Estimate, Sales $34.04M Miss $34.83M Estimate

Pennant Park Investment (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PNNT#NYSE">PNNT</a>) reported its Q4 earnings results on Wednesday, November 15, 2023 at 04:05 PM.
Here's what investors need to know about the announcement.
<h3>Earnings</h3>
Pennant Park Investment beat estimated earnings by 9.09%, reporting an EPS of $0.24 versus an estimate of $0.22.
Revenue was up $5.11 million from the same period last year.
<h3>Past Earnings Performance</h3>
Last quarter the company beat on EPS by $0.06 which was followed by a 3.9% increase in the share price the next day.
Here's a look at Pennant Park Investment's past performance:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q3 2023</th>
<th>Q2 2023</th>
<th>Q1 2023</th>
<th>Q4 2022</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>0.29</td>
<td>0.20</td>
<td>0.19</td>
<td>0.17</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>0.35</td>
<td>0.26</td>
<td>0.16</td>
<td>0.14</td>
</tr>
<tr>
<td>Revenue Estimate</td>
<td>36.59M</td>
<td>31.83M</td>
<td>29.99M</td>
<td>27.15M</td>
</tr>
<tr>
<td>Revenue Actual</td>
<td>45.01M</td>
<td>36.35M</td>
<td>29.96M</td>
<td>28.93M</td>
</tr>
</tbody>
</table>

To track all earnings releases for Pennant Park Investment <a href="https://www.benzinga.com/quote/PNNT/earnings">visit their earnings calendar here.</a> 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Recap: Pennant Park Investment Q4 Earnings

Pennant Park Investment (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PNNT#NYSE">PNNT</a>) is set to give its latest quarterly earnings report on Wednesday, 2023-11-15. Here's what investors need to know before the announcement.
Analysts estimate that Pennant Park Investment will report an earnings per share (EPS) of $0.22. 
Pennant Park Investment bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
<h3>Past Earnings Performance</h3>
Last quarter the company beat EPS by $0.06, which was followed by a 3.9% increase in the share price the next day.
Here's a look at Pennant Park Investment's past performance and the resulting price change:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q3 2023</th>
<th>Q2 2023</th>
<th>Q1 2023</th>
<th>Q4 2022</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>0.29</td>
<td>0.20</td>
<td>0.19</td>
<td>0.17</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>0.35</td>
<td>0.26</td>
<td>0.16</td>
<td>0.14</td>
</tr>
<tr>
<td>Price Change %</td>
<td>3.9%</td>
<td>5.86%</td>
<td>-8.35%</td>
<td>-0.49%</td>
</tr>
</tbody>
</table>

<img src="https://www.benzinga.com/files/images/story/2023/1699974054_0.png" alt="eps graph" />
<h3>Stock Performance</h3>
Shares of Pennant Park Investment were trading at $6.65 as of November 13. Over the last 52-week period, shares are up 9.45%. Given that these returns are generally positive, long-term shareholders should be satisfied going into this earnings release. 
<a href="https://www.benzinga.com/quote/PNNT/earnings">To track all earnings releases for Pennant Park Investment visit their earnings calendar on our site.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Pennant Park Investment's Earnings Outlook

Tuesday marks the last chance for investors to receive the next dividend payout from Pennant Park Investment (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PNNT#NYSE">PNNT</a>). 
<h3>What's Happening</h3>
The company announced on Thursday that it would pay shareholders a quarterly dividend of 7 cents per share. On Wednesday, Pennant Park Investment will go ex-dividend, meaning the stock will trade lower to reflect that payout. In other words, the stock will likely open 7 cents lower than it would have opened on any other day.
In order to be eligible to receive a company's dividend, shareholders must own the stock prior to the ex-dividend date—in this case, Wednesday. Shareholders who own PNNT as of the end of Tuesday's session are eligible to receive the 7 cents dividend payout for every share that they own. 
According to the company, this dividend will be paid out to shareholders on December 01, 2023. Investors will then be able to either reinvest those dividends back into the stock or use the payment in some other way. 
To read more news on Pennant Park Investment <a href="https://www.benzinga.com/stock//">click here</a>
<a href="https://www.benzinga.com/calendars/dividends">Click here</a> to visit our Dividends Calendar.

Tuesday Is Your Last Chance To Buy Pennant Park Investment Before The Dividend Payout

By the close of today, November 01, 2023, Pennant Park Investment (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PNNT#NYSE">PNNT</a>) will issue a dividend payout of $0.07 per share, resulting in an annualized dividend yield of 4.35%. This payout is exclusively for shareholders who held the stock before the ex-dividend date on October 16, 2023.
<h3>Pennant Park Investment Recent Dividend Payouts</h3>
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 </style><table>
<thead>
<tr>
<th>Ex-Date</th>
<th style="text-align: right;">Payments per year</th>
<th>Dividend</th>
<th>Yield</th>
<th>Announced</th>
<th>Record</th>
<th>Payable</th>
</tr>
</thead>
<tbody>
<tr>
<td>2023-10-16</td>
<td style="text-align: right;">4</td>
<td>$0.07</td>
<td>4.35%</td>
<td>2023-10-03</td>
<td>2023-10-17</td>
<td>2023-11-01</td>
</tr>
<tr>
<td>2023-09-15</td>
<td style="text-align: right;">4</td>
<td>$0.21</td>
<td>12.57%</td>
<td>2023-08-09</td>
<td>2023-09-18</td>
<td>2023-10-02</td>
</tr>
<tr>
<td>2023-06-14</td>
<td style="text-align: right;">4</td>
<td>$0.2</td>
<td>16.39%</td>
<td>2023-05-10</td>
<td>2023-06-15</td>
<td>2023-07-03</td>
</tr>
<tr>
<td>2023-03-15</td>
<td style="text-align: right;">4</td>
<td>$0.18</td>
<td>12.19%</td>
<td>2023-02-08</td>
<td>2023-03-16</td>
<td>2023-04-03</td>
</tr>
<tr>
<td>2022-12-16</td>
<td style="text-align: right;">4</td>
<td>$0.17</td>
<td>10.84%</td>
<td>2022-11-16</td>
<td>2022-12-19</td>
<td>2023-01-03</td>
</tr>
<tr>
<td>2022-09-16</td>
<td style="text-align: right;">4</td>
<td>$0.15</td>
<td>9.1%</td>
<td>2022-08-03</td>
<td>2022-09-19</td>
<td>2022-10-03</td>
</tr>
<tr>
<td>2022-06-16</td>
<td style="text-align: right;">4</td>
<td>$0.14</td>
<td>7.76%</td>
<td>2022-05-04</td>
<td>2022-06-17</td>
<td>2022-07-01</td>
</tr>
<tr>
<td>2022-03-16</td>
<td style="text-align: right;">4</td>
<td>$0.14</td>
<td>7.79%</td>
<td>2022-02-09</td>
<td>2022-03-17</td>
<td>2022-04-01</td>
</tr>
<tr>
<td>2021-12-17</td>
<td style="text-align: right;">4</td>
<td>$0.12</td>
<td>7.09%</td>
<td>2021-12-02</td>
<td>2021-12-20</td>
<td>2022-01-03</td>
</tr>
<tr>
<td>2021-09-16</td>
<td style="text-align: right;">4</td>
<td>$0.12</td>
<td>7.41%</td>
<td>2021-09-02</td>
<td>2021-09-17</td>
<td>2021-10-01</td>
</tr>
<tr>
<td>2021-06-16</td>
<td style="text-align: right;">4</td>
<td>$0.12</td>
<td>7.03%</td>
<td>2021-06-02</td>
<td>2021-06-17</td>
<td>2021-07-01</td>
</tr>
<tr>
<td>2021-03-17</td>
<td style="text-align: right;">4</td>
<td>$0.12</td>
<td>8.54%</td>
<td>2021-03-02</td>
<td>2021-03-18</td>
<td>2021-04-01</td>
</tr>
</tbody>
</table>
When comparing Pennant Park Investment's dividend yield against its industry peers, the company sits comfortably in the middle, with its peer TriplePoint Venture Gwth (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TPVG#NYSE">TPVG</a>) having the highest annualized dividend yield at 16.91%.
<h3>Analyzing Pennant Park Investment Financial Health</h3>
Companies that pay out steady cash dividends are attractive to income-seeking investors, and companies that are financially healthy tend to maintain their dividend payout schedule. For this reason, investors can find it insightful to see if a company has been increasing or decreasing their dividend payout schedule and if their earnings are growing. 
<h3>YoY Growth in Dividend Per Share</h3>
<img src="https://www.benzinga.com/files/images/story/2023/1698851104_0.png" alt="dividend chart graph" />
As you can see, from 2019 to 2022, investors saw an average decrease in the company's dividend per share, decreasing from $0.72 in 2019 to $0.60 in 2022. This is not favorable for investors as it indicates a decline in the company's dividend payout over the years. Further analysis is recommended to understand the factors contributing to this decrease.
<h3>YoY Earnings Growth For Pennant Park Investment</h3>
<img src="https://www.benzinga.com/files/images/story/2023/1698851104_1.png" alt="earning chart graph" />
Investors can observe a decrease in Pennant Park Investment's earnings per share from $0.71 in 2019 to $0.67 in 2022. This declining earnings trend may be concerning for income-seeking investors, as it indicates a potential impact on the company's cash dividend payouts. A comprehensive analysis is recommended to understand the factors driving this decrease and evaluate its implications on future dividend payments.
<h3>Recap</h3>
This article takes an in-depth look at Pennant Park Investment's recent dividend payout and its implications for shareholders. The company is currently distributing a dividend of $0.07 per share today, translating to an annualized dividend yield of 4.35%.
When comparing Pennant Park Investment's dividend yield against its industry peers, the company sits comfortably in the middle, with its peer TriplePoint Venture Gwth having the highest annualized dividend yield at 16.91%.
The decrease in both dividend per share and earnings per share from 2019 to 2022 for Pennant Park Investment suggests financial challenges, which may require a cautious approach in distributing profits to shareholders.
To stay well-informed about potential changes in financials or dividend disbursements, investors should closely observe the company's performance in the upcoming quarters.
\To stay up-to-date with the companies that are announcing their dividends, <a href="https://www.benzinga.com/calendars/dividends">click here</a> to visit our Dividends Calendar. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

TPVG

Pennant Park Investment Restructures Rewards to Shareholders Amidst Uncertainty

Jose A Briones, Director at Pennant Park Investment (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PNNT#NYSE">PNNT</a>), reported a large insider buy on August 16, according to a new SEC filing. 
What Happened: A Form 4 filing from the <a href="https://www.sec.gov/Archives/edgar/data/0001383414/000120919123046048//Archives/edgar/data/1383414/000120919123046048/0001209191-23-046048-index.htm">U.S. Securities and Exchange Commission</a> on Wednesday showed that Briones purchased 10,960 shares of Pennant Park Investment. The total transaction amounted to $74,982. 
Pennant Park Investment shares are trading up 0.45% at $6.67 at the time of this writing on Thursday morning.
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<h3>Why Insider Transactions Are Important</h3>
Insider transactions shouldn't be used primarily to make an investing decision, however an insider transaction can be an important factor in the investing decision. 
In legal terms, an "insider" refers to any shareholder who owns at least 10% of a company. This can include executives in the c-suite and large hedge funds. These insiders are required to let the public know of their transactions via a Form 4 filing, which must be filed within two business days of the transaction.
When a company insider makes a new purchase, that is an indication that they expect the stock to rise.
Insider sells, on the other hand, can be made for a variety of reasons, and may not necessarily mean that the seller thinks the stock will go down. 
<h3>Transaction Codes To Focus On</h3>
<a href="https://www.benzinga.com/money/investing-tools">Investors</a> prefer focusing on transactions that take place in the open market, indicated in Table I of the Form 4 filing. A P in Box 3 indicates a purchase, while S indicates a sale. Transaction code C indicates the conversion of an option, and transaction code A indicates the insider may have been forced to sell shares in order to receive compensation that had been promised upon being hired by the company.
<a href="https://www.benzinga.com/sec/insider-trades/search/index?company_cik=0001383414">Check Out The Full List Of Pennant Park Investment's Insider Trades.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Insider Trades

Pennant Park Investment Director Trades Company's Stock

<h3>Upgrades</h3>
Ladenburg Thalmann upgraded the previous rating for Edison International (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EIX#NYSE">EIX</a>) from Sell to Neutral. Edison Intl earned $1.01 in the second quarter, compared to $0.94 in the year-ago quarter. The stock has a 52-week-high of $74.92 and a 52-week-low of $54.51. At the end of the last trading period, Edison Intl closed at $69.76. 
For Hannon Armstrong Sustainable Infrastructure Capital Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HASI#NYSE">HASI</a>), B of A Securities upgraded the previous rating of Neutral to Buy. Hannon Armstrong earned $0.53 in the second quarter, compared to $0.60 in the year-ago quarter. At the moment, the stock has a 52-week-high of $44.41 and a 52-week-low of $21.31. Hannon Armstrong closed at $23.12 at the end of the last trading period. 
Janney Montgomery Scott upgraded the previous rating for Shore Bancshares Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SHBI#NASDAQ">SHBI</a>) from Neutral to Buy. For the second quarter, Shore Bancshares had an EPS of $0.25, compared to year-ago quarter EPS of $0.39. The current stock performance of Shore Bancshares shows a 52-week-high of $20.49 and a 52-week-low of $10.65. Moreover, at the end of the last trading period, the closing price was at $11.39. 
Oppenheimer upgraded the previous rating for Redfin Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RDFN#NASDAQ">RDFN</a>) from Underperform to Perform. Redfin earned $0.25 in the second quarter, compared to $0.73 in the year-ago quarter. The stock has a 52-week-high of $17.68 and a 52-week-low of $3.08. At the end of the last trading period, Redfin closed at $10.16. 
According to Raymond James, the prior rating for CareDx Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CDNA#NASDAQ">CDNA</a>) was changed from Market Perform to Outperform. CareDx earned $0.18 in the second quarter, compared to $0.13 in the year-ago quarter. At the moment, the stock has a 52-week-high of $24.54 and a 52-week-low of $6.22. CareDx closed at $9.35 at the end of the last trading period. 
According to Morgan Stanley, the prior rating for Pharvaris NV (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PHVS#NASDAQ">PHVS</a>) was changed from Equal-Weight to Overweight. Pharvaris earned $0.69 in the second quarter, compared to $0.40 in the year-ago quarter. The stock has a 52-week-high of $21.71 and a 52-week-low of $1.80. At the end of the last trading period, Pharvaris closed at $18.42. 
RBC Capital upgraded the previous rating for Hexcel Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HXL#NYSE">HXL</a>) from Sector Perform to Outperform. In the second quarter, Hexcel showed an EPS of $0.50, compared to $0.33 from the year-ago quarter. The current stock performance of Hexcel shows a 52-week-high of $79.08 and a 52-week-low of $50.25. Moreover, at the end of the last trading period, the closing price was at $69.11. 
For NextDecade Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NEXT#NASDAQ">NEXT</a>), Stifel upgraded the previous rating of Hold to Buy. NextDecade earned $0.23 in the first quarter, compared to $0.14 in the year-ago quarter. The current stock performance of NextDecade shows a 52-week-high of $8.94 and a 52-week-low of $3.92. Moreover, at the end of the last trading period, the closing price was at $5.53. 
<a href="https://pro.benzinga.com/blog/how-to-understand-option-alerts/">See all analyst ratings upgrades.</a>
<h3>Downgrades</h3>
According to Laidlaw &amp; Co., the prior rating for Alaunos Therapeutics Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TCRT#NASDAQ">TCRT</a>) was changed from Buy to Hold. In the second quarter, Alaunos Therapeutics showed an EPS of $0.04, compared to $0.05 from the year-ago quarter. At the moment, the stock has a 52-week-high of $4.01 and a 52-week-low of $0.38. Alaunos Therapeutics closed at $0.39 at the end of the last trading period. 
According to SVB Leerink, the prior rating for Galecto Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GLTO#NASDAQ">GLTO</a>) was changed from Outperform to Market Perform. Galecto earned $0.41 in the second quarter, compared to $0.67 in the year-ago quarter. The stock has a 52-week-high of $3.70 and a 52-week-low of $1.06. At the end of the last trading period, Galecto closed at $2.34. 
For Chicken Soup for the Soul Entertainment Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CSSE#NASDAQ">CSSE</a>), Craig-Hallum downgraded the previous rating of Buy to Hold. For the second quarter, Chicken Soup for the Soul had an EPS of $1.50, compared to year-ago quarter EPS of $1.28. The stock has a 52-week-high of $13.44 and a 52-week-low of $0.94. At the end of the last trading period, Chicken Soup for the Soul closed at $1.01. 
For Design Therapeutics Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DSGN#NASDAQ">DSGN</a>), Wedbush downgraded the previous rating of Outperform to Neutral. Design Therapeutics earned $0.36 in the second quarter, compared to $0.27 in the year-ago quarter. The stock has a 52-week-high of $26.30 and a 52-week-low of $4.90. At the end of the last trading period, Design Therapeutics closed at $7.33. 
According to Alliance Global Partners, the prior rating for Chicken Soup for the Soul Entertainment Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CSSE#NASDAQ">CSSE</a>) was changed from Buy to Neutral. Chicken Soup for the Soul earned $1.50 in the second quarter, compared to $1.28 in the year-ago quarter. The stock has a 52-week-high of $13.44 and a 52-week-low of $0.94. At the end of the last trading period, Chicken Soup for the Soul closed at $1.01. 
Mizuho downgraded the previous rating for BioXcel Therapeutics Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BTAI#NASDAQ">BTAI</a>) from Buy to Neutral. For the second quarter, BioXcel Therapeutics had an EPS of $1.83, compared to year-ago quarter EPS of $1.35. The current stock performance of BioXcel Therapeutics shows a 52-week-high of $34.12 and a 52-week-low of $3.81. Moreover, at the end of the last trading period, the closing price was at $4.33. 
According to Citigroup, the prior rating for Gol Intelligent Airlines Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GOL#NYSE">GOL</a>) was changed from Buy to Neutral. In the second quarter, Gol Intelligent Airlines showed an EPS of $0.48, compared to $0.60 from the year-ago quarter. At the moment, the stock has a 52-week-high of $5.59 and a 52-week-low of $2.00. Gol Intelligent Airlines closed at $3.71 at the end of the last trading period. 
For Design Therapeutics Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DSGN#NASDAQ">DSGN</a>), SVB Leerink downgraded the previous rating of Outperform to Market Perform. For the second quarter, Design Therapeutics had an EPS of $0.36, compared to year-ago quarter EPS of $0.27. The current stock performance of Design Therapeutics shows a 52-week-high of $26.30 and a 52-week-low of $4.90. Moreover, at the end of the last trading period, the closing price was at $7.33. 
According to B of A Securities, the prior rating for Valero Energy Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VLO#NYSE">VLO</a>) was changed from Buy to Neutral. Valero Energy earned $5.40 in the second quarter, compared to $11.36 in the year-ago quarter. The stock has a 52-week-high of $160.16 and a 52-week-low of $97.76. At the end of the last trading period, Valero Energy closed at $136.50. 
For PBF Energy Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PBF#NYSE">PBF</a>), B of A Securities downgraded the previous rating of Buy to Neutral. For the second quarter, PBF Energy had an EPS of $2.29, compared to year-ago quarter EPS of $10.58. The stock has a 52-week-high of $50.43 and a 52-week-low of $27.02. At the end of the last trading period, PBF Energy closed at $49.52. 
According to B of A Securities, the prior rating for Marathon Petroleum Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MPC#NYSE">MPC</a>) was changed from Buy to Neutral. Marathon Petroleum earned $5.32 in the second quarter, compared to $10.61 in the year-ago quarter. The stock has a 52-week-high of $149.76 and a 52-week-low of $89.41. At the end of the last trading period, Marathon Petroleum closed at $148.54. 
According to B of A Securities, the prior rating for HF Sinclair Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DINO#NYSE">DINO</a>) was changed from Buy to Neutral. For the second quarter, HF Sinclair had an EPS of $2.60, compared to year-ago quarter EPS of $5.59. The current stock performance of HF Sinclair shows a 52-week-high of $66.17 and a 52-week-low of $37.12. Moreover, at the end of the last trading period, the closing price was at $57.95. 
According to RBC Capital, the prior rating for Design Therapeutics Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DSGN#NASDAQ">DSGN</a>) was changed from Outperform to Sector Perform. In the second quarter, Design Therapeutics showed an EPS of $0.36, compared to $0.27 from the year-ago quarter. The current stock performance of Design Therapeutics shows a 52-week-high of $26.30 and a 52-week-low of $4.90. Moreover, at the end of the last trading period, the closing price was at $7.33. 
HC Wainwright &amp; Co. downgraded the previous rating for Zynerba Pharmaceuticals Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZYNE#NASDAQ">ZYNE</a>) from Buy to Neutral. For the first quarter, Zynerba Pharmaceuticals had an EPS of $0.21, compared to year-ago quarter EPS of $0.21. The stock has a 52-week-high of $1.38 and a 52-week-low of $0.25. At the end of the last trading period, Zynerba Pharmaceuticals closed at $1.35. 
For 22nd Century Group Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/XXII#NASDAQ">XXII</a>), TD Cowen downgraded the previous rating of Outperform to Market Perform. 22nd Century Group earned $1.40 in the second quarter, compared to $0.95 in the year-ago quarter. At the moment, the stock has a 52-week-high of $27.82 and a 52-week-low of $2.10. 22nd Century Group closed at $2.29 at the end of the last trading period. 
According to Citigroup, the prior rating for Agiliti Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AGTI#NYSE">AGTI</a>) was changed from Buy to Neutral. For the second quarter, Agiliti had an EPS of $0.14, compared to year-ago quarter EPS of $0.19. The current stock performance of Agiliti shows a 52-week-high of $20.11 and a 52-week-low of $10.76. Moreover, at the end of the last trading period, the closing price was at $11.71. 
For Forward Air Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FWRD#NASDAQ">FWRD</a>), Baird downgraded the previous rating of Outperform to Neutral. In the second quarter, Forward Air showed an EPS of $0.91, compared to $2.04 from the year-ago quarter. The current stock performance of Forward Air shows a 52-week-high of $121.38 and a 52-week-low of $72.16. Moreover, at the end of the last trading period, the closing price was at $73.23. 
Truist Securities downgraded the previous rating for Avid Technology Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVID#NASDAQ">AVID</a>) from Buy to Hold. In the second quarter, Avid Technology showed an EPS of $0.22, compared to $0.26 from the year-ago quarter. The stock has a 52-week-high of $33.41 and a 52-week-low of $19.78. At the end of the last trading period, Avid Technology closed at $26.60. 
For Pennant Park Investment Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PNNT#NYSE">PNNT</a>), Compass Point downgraded the previous rating of Buy to Neutral. For the third quarter, Pennant Park Investment had an EPS of $0.35, compared to year-ago quarter EPS of $0.16. The stock has a 52-week-high of $7.07 and a 52-week-low of $4.70. At the end of the last trading period, Pennant Park Investment closed at $6.82. 
<a href="https://pro.benzinga.com/blog/how-to-understand-option-alerts/">See all analyst ratings downgrades.</a>
<h3>Initiations</h3>
Loop Capital initiated coverage on Savers Value Village Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SVV#NYSE">SVV</a>) with a Buy rating. The price target for Savers Value Village is set to $31.00. In the second quarter, Savers Value Village showed an EPS of $0.22, compared to $0.26 from the year-ago quarter. The current stock performance of Savers Value Village shows a 52-week-high of $26.43 and a 52-week-low of $21.50. Moreover, at the end of the last trading period, the closing price was at $25.70. 
With a Buy rating, B of A Securities initiated coverage on Turnstone Biologics Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSBX#NASDAQ">TSBX</a>). The price target seems to have been set at $18.00 for Turnstone Biologics. The current stock performance of Turnstone Biologics shows a 52-week-high of $13.20 and a 52-week-low of $10.11. Moreover, at the end of the last trading period, the closing price was at $11.73. 
SVB Leerink initiated coverage on Cytokinetics Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CYTK#NASDAQ">CYTK</a>) with an Outperform rating. The price target for Cytokinetics is set to $58.00. For the second quarter, Cytokinetics had an EPS of $1.34, compared to year-ago quarter EPS of $0.23. The current stock performance of Cytokinetics shows a 52-week-high of $55.79 and a 52-week-low of $30.66. Moreover, at the end of the last trading period, the closing price was at $32.10. 
Cantor Fitzgerald initiated coverage on Computer Programs and Systems Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CPSI#NASDAQ">CPSI</a>) with an Overweight rating. The price target for CPSI is set to $24.00. For the second quarter, CPSI had an EPS of $0.40, compared to year-ago quarter EPS of $0.59. At the moment, the stock has a 52-week-high of $32.86 and a 52-week-low of $19.99. CPSI closed at $20.10 at the end of the last trading period. 
With an Overweight rating, Cantor Fitzgerald initiated coverage on R1 RCM Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RCM#NASDAQ">RCM</a>). The price target seems to have been set at $20.00 for R1 RCM. For the second quarter, R1 RCM had an EPS of $0.00, compared to year-ago quarter EPS of $0.07. The current stock performance of R1 RCM shows a 52-week-high of $26.44 and a 52-week-low of $6.71. Moreover, at the end of the last trading period, the closing price was at $16.80. 
With an Overweight rating, Piper Sandler initiated coverage on Turnstone Biologics Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSBX#NASDAQ">TSBX</a>). The price target seems to have been set at $20.00 for Turnstone Biologics. At the moment, the stock has a 52-week-high of $13.20 and a 52-week-low of $10.11. Turnstone Biologics closed at $11.73 at the end of the last trading period. 
With a Buy rating, Roth MKM initiated coverage on New Found Gold Corp (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/NFGC#AMEX">NFGC</a>). The price target seems to have been set at $9.00 for New Found Gold. For the first quarter, New Found Gold had an EPS of $0.08, compared to year-ago quarter EPS of $0.14. The current stock performance of New Found Gold shows a 52-week-high of $5.70 and a 52-week-low of $2.93. Moreover, at the end of the last trading period, the closing price was at $4.47. 
Barclays initiated coverage on ODDITY Tech Ltd (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ODD#NASDAQ">ODD</a>) with an Overweight rating. The price target for ODDITY Tech is set to $57.00. In the second quarter, ODDITY Tech showed an EPS of $0.56, compared to $0.33 from the year-ago quarter. The stock has a 52-week-high of $56.00 and a 52-week-low of $45.66. At the end of the last trading period, ODDITY Tech closed at $46.35. 
JP Morgan initiated coverage on Frontline Plc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FRO#NYSE">FRO</a>) with a Neutral rating. The price target for Frontline is set to $20.00. In the first quarter, Frontline showed an EPS of $0.87, compared to $0.02 from the year-ago quarter. The stock has a 52-week-high of $19.29 and a 52-week-low of $10.11. At the end of the last trading period, Frontline closed at $17.66. 
JP Morgan initiated coverage on Euronav NV (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EURN#NYSE">EURN</a>) with an Overweight rating. The price target for Euronav is set to $21.50. At the moment, the stock has a 52-week-high of $21.00 and a 52-week-low of $12.94. Euronav closed at $17.63 at the end of the last trading period. 
Oppenheimer initiated coverage on Knife River Holding Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KNF#NYSE">KNF</a>) with an Outperform rating. The price target for Knife River Holding is set to $65.00. Knife River Holding earned $1.00 in the second quarter, compared to $0.68 in the year-ago quarter. The stock has a 52-week-high of $52.40 and a 52-week-low of $33.67. At the end of the last trading period, Knife River Holding closed at $50.55. 
With an Overweight rating, Keybanc initiated coverage on ODDITY Tech Ltd (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ODD#NASDAQ">ODD</a>). The price target seems to have been set at $60.00 for ODDITY Tech. ODDITY Tech earned $0.56 in the second quarter, compared to $0.33 in the year-ago quarter. At the moment, the stock has a 52-week-high of $56.00 and a 52-week-low of $45.66. ODDITY Tech closed at $46.35 at the end of the last trading period. 
<a href="https://pro.benzinga.com/blog/how-to-understand-option-alerts/">See all analyst ratings initiations.</a>

Initiation

Intraday Update

AGTI

AVID

BTAI

CDNA

CPSI

CSSE

CYTK

DINO

DSGN

EURN

FWRD

GLTO

Hannon Armstrong Sustainable Infrastructure Capital

HASI

NFGC

PHVS

RDFN

SHBI

TCRT

TSBX

XXII

ZYNE

Benzinga's Top Ratings Upgrades, Downgrades For August 15, 2023

Compass Point analyst Casey Alexander downgrades Pennant Park Investment (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PNNT#NYSE">PNNT</a>) from Buy to Neutral and announces $6.75 price target.

Compass Point Downgrades Pennant Park Investment to Neutral, Announces $6.75 Price Target

Raymond James analyst Robert Dodd maintains Pennant Park Investment (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PNNT#NYSE">PNNT</a>) with a Outperform and raises the price target from $6.5 to $7.25.

Raymond James Maintains Outperform on Pennant Park Investment, Raises Price Target to $7.25

BDC Weekly Review: Common Shareholders Don't Always Have Claim To All Of NII

Pivotal Moment For BDC Dividend Investors, Here Is What To Do

Pennantpark Investment ( ($PNNT) ) has shared an update. PennantPark Investment Corporation has announced a monthly distribution of $0.08 per share...

PennantPark Investment Declares Monthly Shareholder Distribution

Pennantpark Investment ( ($PNNT) ) has shared an update. PennantPark Investment Corporation has announced it will release its fourth fiscal quarter...

PennantPark Investment Q4 Earnings Release and Conference Call

2 BDCs That Recently Hiked Dividends But Should Not Do That Again

PennantPark Investment declares $0.08 dividend

PennantPark Investment: Questionable Distribution Coverage (Downgrade)

BIZD: Portfolio Weight Shifts To The Defensive

Goldman Sachs BDC: Rising Concerns, But I'm Confident Dividend Remains Secure

BBDC

BIZD

BXSL

CCAP

CSWC

FDUS

GAIN

GAINL

GAINN

GAINZ

GBDC

GECC

GECCI

GECCM

GECCO

GECCZ

GLAD

GLADZ

GSBD

LRFC

MAIN

OCSL

PBDC

PFLT

TCPC

TRIN

WHFCL

Press Releases

PennantPark Investment Corporation Announces 14.3% Increase of Its Monthly Distribution to $0.08 per share and Financial Results for the Quarter Ended March 31, 2024

PennantPark Investment Corporation Announces Monthly Distribution of $0.08 per Share

PennantPark Investment Corporation Schedules Earnings Release of Third Fiscal Quarter 2024 Results

PennantPark Investment Corporation Announces Financial Results for the Quarter Ended June 30, 2024

General

PennantPark Investment Corporation Announces Upsize of Joint Venture

PennantPark Investment Corporation Schedules Earnings Release of Fourth Fiscal Quarter 2024 Results

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Crescent Capital BDC

CION Invt

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Diamond Hill Investment

Fidus Investment Corporation - Closed End Fund

Fidus Investment

Gladstone Investment Corporation - Business Development Company

Gladstone Inv

GCM Grosvenor Inc. - Class A Common Stock

GCM Grosvenor

Gladstone Capital Corporation - Closed End Fund

Gladstone Cap

Horizon Technology Finance Corporation - Common Stock

Horizon Tech Finance

Innventure

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