Ladenburg Thalmann Upgrades PennantPark Investment (PNNT) to Buy
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 9/3/2026
- Wall St futures subdued as investors weigh earnings, oil prices
- Broadcom raises AI chip forecast as Big Tech keeps writing bigger checks
- Snowflake soars 20% on earnings beat and raised guidance
- Oil prices hit fresh 6-week highs on renewed Middle East tensions
- Could Apple’s foldable iPhone be a $14B opportunity? Morgan Stanley weighs in
PennantPark Investment Corporation Announces Financial Results for the Fourth Quarter and Fiscal Year Ended September 30, 2016, Adjusts Quarterly Distribution for 2017, and Extends Fee Waiver
November 21, 2016 4:05 PM ESTNEW YORK, NY -- (Marketwired) -- 11/21/16 -- PennantPark Investment Corporation (NASDAQ: PNNT) announced today financial results for the fourth quarter and fiscal year ended September 30, 2016, an adjustment to its quarterly distribution for 2017 and extension of the previously announced fee waiver.
HIGHLIGHTS
Quarter ended September 30, 2016 ($ in millions, except per share amounts)
Assets and Liabilities: Investment portfolio $ 1,153.7 Net assets $ 643.4 Net asset value per share $ 9.05 Credit Facility $ 39.6 2019 Notes $ 254.2 SBA debentures $ 193.2 2025 Notes $ 72.6 Yield on debt investments at quarter-end 11.9% Operating Results: Quarter Year Ended Ended September September 30, 2016 30, 2016 ------------ ------------ Net investment income $ 70.6 $ 15.2 Net investment income per share $ 0.99 $ 0.21 Distributions... More
