PennantPark Investment Corporation (PNNT) Stock

PennantPark Investment Corporation (PNNT) is a Financial Services stock trading at $3.29 (as of 2026-07-24), with a market capitalization of $214.82M and a trailing P/E of 10.3. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.

PennantPark Investment Corporation is a business development company that makes direct and mezzanine investments in middle-market companies. It invests through mezzanine debt, senior secured loans, and equity, targeting U.S. companies across a range of industries including real estate and services.

Understand PennantPark Investment Corporation: how it makes money

PennantPark Investment Corporation invests in middle-market companies, making mezzanine debt, senior secured loans, and equity investments, and it makes money primarily from the returns and interest it earns on its investment portfolios.

The profit engine is the interest and investment income earned on a largely floating-rate, senior loan portfolio (89% floating rate), moderated by credit performance (Non-Accrual Investments Count) and supported by portfolio income capacity (Weighted Average Yield on Interest Bearing Debt Investments).

Business quality (Weak): In the latest quarter, operating metrics point to a floating-rate lending model with a high portfolio yield, but credit outcomes and leverage-related coverage remain the key swing factors for returns.

Valuation: At 16× earnings, PNNT trades 54% above the Asset Management average (10×). Note: one-time items can distort reported P/E.

Bull case

  • High floating-rate exposure with strong portfolio yield: The portfolio is 89% floating rate, with a Weighted Average Yield on Interest Bearing Debt Investments of 10.9%.
  • Credit stress appears contained in the snapshot: Non-Accrual Investments Count is 1.0, which suggests limited spread of currently non-performing loans in this period.

Bear case

  • Floating rate income can move with rates: Because 89% of the debt portfolio is floating rate, changes in interest rates can affect the income profile.
  • Leverage and coverage imply less room for credit or rate surprises: Debt to Equity Ratio is 1.3 and Interest Coverage Ratio for the Overall Portfolio is 2.1, which can tighten quickly if investment performance deteriorates.
  • Even a small non-accrual base can impact investment income: Non-Accrual Investments Count is 1.0, indicating that credit issues can emerge and reduce earned income.
Valuation — source: SEC EDGAR (first-party)
Price$3.29
Market Cap$214.82M
P/E Ratio10.3
Price / Book0.49
Price / Sales1.84
DCF Value (model)$6.91
DCF Upside vs Price110.0%
Profitability & Growth — source: SEC EDGAR
Revenue (TTM)$122.38M
Net Margin26.7%
Revenue Growth (YoY)-18.7%
Valuation vs Sector & Industry
Stock P/E10.3
Sector P/E (Financial Services)8.9
Industry P/E (Asset Management)8.9
vs Sector15.3%
vs Industry15.0%
Smart-Money Activity — SEC Form 4 / 13F / Congressional disclosures
Top Institutional HolderInvesco Ltd. ($8.25M)
Institutional Holders Tracked10
Company
SectorFinancial Services
IndustryAsset Management
CEOArthur Howard Penn
Employees0
CountryUS
IPO Date2007-04-19

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PNNT earnings history · PNNT institutional & insider holders · PNNT KPIs & operating metrics · Congress trades · Insider trades · Short interest · Stock screener

Data as of 2026-07-24.

Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.