Trade PennantPark Investment Corp - PNNT CFD

PennantPark Investment Corporation Company profile

About PennantPark Investment Corp.

PennantPark Investment Corporation is a closed-end, externally managed and non-diversified investment company. The Company 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. It 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. It 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.

Financial summary

BRIEF: For the three months ended 31 December 2021, PennantPark Investment Corp. revenues increased 51% to $28.3M. Net income decreased 64% to $25.5M. Revenues reflect Interest Income - Investment increase of 36% to $15.5M, Other Investment Incom - Investment increase from $481K to $4.2M, Other Investment Income - Investment increase of 65% to $2.4M.

Equity composition

giriyappa Common Stock $.001 Par, 02/11, 100M auth., 36,304,932 issd. Insiders & Strategic holders own 1.57%. IPO 4/20/07, 20M shares @ $15 per share by Bear, Stearns & co., and UBS Investment Bank.