Pennantpark Investment Corp
F:12P
If you don’t study any companies, you have the same success buying stocks as you do in a poker game if you bet without looking at your cards.
Utilize notes to systematically review your investment decisions. By reflecting on past outcomes, you can discern effective strategies and identify those that underperformed. This continuous feedback loop enables you to adapt and refine your approach, optimizing for future success.
Each note serves as a learning point, offering insights into your decision-making processes. Over time, you'll accumulate a personalized database of knowledge, enhancing your ability to make informed decisions quickly and effectively.
With a comprehensive record of your investment history at your fingertips, you can compare current opportunities against past experiences. This not only bolsters your confidence but also ensures that each decision is grounded in a well-documented rationale.
Do you really want to delete this note?
This action cannot be undone.
| 52 Week Range |
4.8615
7.009
|
| Price Target |
|
We'll email you a reminder when the closing price reaches EUR.
Choose the stock you wish to monitor with a price alert.
This alert will be permanently deleted.
Pennantpark Investment Corp
PennantPark Investment Corporation is a publicly listed business development firm specializing in direct and mezzanine investments in middle market companies. The company is headquartered in New York City, New York and currently employs 0 full-time employees. The company went IPO on 2007-04-19. The firm is a business development company, whose objectives are to generate both current income and capital appreciation while seeking to preserve capital through debt and equity investments. The company invests primarily in United States middle-market companies in the form of first lien secured debt, second lien secured debt, subordinated debt to a lesser extent and equity investments. The Company’s debt investments range in maturity from 3 to 10 years and are made to the United States and to a limited extent, non-United States corporations, partnerships and other business entities, which operate in various industries and geographical regions. The company invests in sectors, including media, hotels, motels, inns and gaming, aerospace and defense, building materials, environmental services, healthcare, education and childcare, consumer products and the auto sector.
PennantPark Investment Corporation is a publicly listed business development firm specializing in direct and mezzanine investments in middle market companies. The company is headquartered in New York City, New York and currently employs 0 full-time employees. The company went IPO on 2007-04-19. The firm is a business development company, whose objectives are to generate both current income and capital appreciation while seeking to preserve capital through debt and equity investments. The company invests primarily in United States middle-market companies in the form of first lien secured debt, second lien secured debt, subordinated debt to a lesser extent and equity investments. The Company’s debt investments range in maturity from 3 to 10 years and are made to the United States and to a limited extent, non-United States corporations, partnerships and other business entities, which operate in various industries and geographical regions. The company invests in sectors, including media, hotels, motels, inns and gaming, aerospace and defense, building materials, environmental services, healthcare, education and childcare, consumer products and the auto sector.
Net Investment Income: Core net investment income was $0.15 per share, below the $0.24 per share distribution, but management is using $0.73 per share of spillover income to cover the shortfall.
Dividend Commitment: The company plans to maintain its current dividend level in the near term, relying on undistributed spillover income while executing its strategy to rotate out of equity into debt investments.
Equity Rotation Strategy: Management remains focused on rotating out of equity positions into interest-bearing loans, aiming for higher core net investment income, though realization timing is still uncertain.
Portfolio Credit Quality: Credit quality remains strong with 4 nonaccrual investments representing only 1.3% of the portfolio at cost and 0.1% at market value.
Leverage Management: Leverage was 1.6x at quarter end, but a planned asset sale to its joint venture could reduce leverage to the 1.25–1.3x target range.
Market Environment: Management sees increased transaction activity and loan origination opportunities, particularly in the core middle market, and remains optimistic about future deal flow.
