PennantPark Investment
Invests across debt and equity instruments of US middle-market companies.
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Profile
Provides capital to US middle-market companies through senior, junior and subordinated debt, plus selective equity investments. Its closed-end BDC structure relies on PennantPark Investment Advisers to manage operations and investment activity.
Invests in US middle-market companies through first-lien, second-lien and subordinated debt, with a smaller allocation to equity. The portfolio is executed through a publicly traded business development company structure rather than a conventional operating business.
PennantPark Investment Advisers manages operations and provides investment-advisory services under an Investment Management Agreement, subject to board oversight. The issuer itself reported no employees, with relevant professionals hired by its adviser and administrator.
Elected BDC treatment under the Investment Company Act and RIC treatment for federal tax purposes shape its operating and tax framework. Its common stock trades on the New York Stock Exchange.
Company facts
Categories
Key statistics
Year to date −38.8% · Average volume (30d) 536.9K
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Prior rating | Rating | Prior target | Target |
|---|---|---|---|---|---|---|
| May 19, 2026 | Truist Financial | Target | $7 | $5 | ||
| May 12, 2026 | Oppenheimer | Reiterate | Perform | $6 | $5 | |
| Feb 11, 2026 | Oppenheimer | Target | $6 | |||
| Dec 3, 2025 | Compass Point | Upgrade | Sell | Neutral | ||
| Dec 2, 2025 | Compass Point | Target | $6 | $5.50 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Aug 10, 2026Q3 FY26 | $0.14 | $0.14 | +0.4% | $25.1M | $24.8M | −1.4% | +0.81% |
| May 7, 2026Q2 FY26 | $0.14 | $0.14 | 0.0% | $26.8M | $24.9M | −6.9% | −4.59% |
| Feb 9, 2026Q1 FY26 | $0.16 | $0.11 | −31.3% | $28.5M | $27.3M | −4.2% | −5.80% |
| Nov 24, 2025Q4 FY25 | $0.17 | $0.15 | −13.4% | $29.3M | $28.0M | −4.5% | −5.63% |
Financial highlights
| 12 quarters | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $22.3M | $19.5M | $11.0M | $27.3M | $24.5M | $36.8M | |
| Gross profit | $11.9M | $10.3M | $930.0K | $12.9M | $18.5M | $31.0M | |
| Operating income | $10.0M | $8.8M | −$370.0K | $7.7M | $6.2M | $13.5M | |
| Net income | $9.5M | $8.2M | −$964.0K | $9.0M | −$2.3M | $4.5M | |
| Diluted EPS | $0.14 | $0.12 | −$0.01 | $0.14 | −$0.04 | $0.07 | |
| Gross margin | 53.6% | 52.9% | 8.5% | 47.2% | 75.4% | 84.2% | |
| Operating margin | 45.0% | 45.2% | -3.4% | 28.1% | 25.4% | 36.6% |
Fiscal years (4-quarter sums)FY21 $193.8M · FY22 $23.8M · FY23 $19.2M · FY24 $103.7M · FY25 $83.1M
Balance sheet, Jun 30, 2026Cash & short-term investments $39.3M · Total debt $73.6M · Total assets $1.26B · Shareholders' equity $428.0M
Dividends
Raised for 2 straight years — most recently to $0.08 from $0.07 in Jun 2024. To collect a payout, hold shares through the close before the ex-date.
History
| Ex-date | Record | Paid | Amount | Note |
|---|---|---|---|---|
| Aug 14, 2026 | Aug 14 | Sep 1 | $0.08 | |
| Jul 15, 2026 | Jul 15 | Aug 3 | $0.08 | |
| Jun 15, 2026 | Jun 15 | Jul 1 | $0.08 | special dividend |
| May 15, 2026 | May 15 | Jun 1 | $0.08 | special dividend |
| Apr 15, 2026 | Apr 15 | May 1 | $0.08 | special dividend |
| Mar 16, 2026 | Mar 16 | Apr 1 | $0.08 | |
| Feb 17, 2026 | Feb 17 | Mar 2 | $0.08 | |
| Jan 16, 2026 | Jan 16 | Feb 2 | $0.08 |
Ownership
Shares outstanding 65.30M · Float 63.17M · 96.7% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| Invesco Ltd. | 1.84M | 2.81% | 13F | May 12, 2026 |
| Two Sigma Investments, LP | 1.66M | 2.54% | 13F | May 15, 2026 |
| LSV Asset Management | 1.45M | 2.23% | 13F | May 11, 2026 |
| Morgan Stanley | 1.09M | 1.67% | 13F | May 15, 2026 |
| Legal & General Group PLC | 517.3K | 0.79% | 13F | May 8, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Mar 11, 2026 | Richard T. JR Allorto | officer: CFO and Treasurer | +15,000 | $4.88 |
| Dec 8, 2025 | Jeffrey Flug | director | −121,533 | $5.92 |
| Dec 5, 2025 | Jeffrey Flug | director | −20,000 | $5.85 |
| Dec 4, 2025 | Jeffrey Flug | director | −23,303 | $5.78 |
| Dec 3, 2025 | Jeffrey Flug | director | −10,000 | $5.75 |
Peers
- Ares Capital
Large publicly traded BDC focused on U.S. middle-market lending
- Blue Owl Capital
Large BDC lending to U.S. middle-market companies
- FS KKR Capital
Public BDC providing customized credit to private middle-market firms
- Blackstone Secured Lending Fund
Large externally managed BDC investing in private-company debt
- Golub Capital BDC
Externally managed BDC with a multi-billion-dollar credit portfolio
- Sixth Street Specialty Lending
BDC directly originating loans to U.S. middle-market companies
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| PennantPark Investment | $3.68 | −0.61% | $241.6M | 23.4 | 6.5 | 2.4 | −16.2% |
| Ares Capital | $19.97 | +0.15% | $14.32B | 14.8 | 10.3 | 6.2 | +32.6% |
| Blue Owl Capital | $11.37 | +0.64% | $5.61B | 20.2 | 8.8 | 4.0 | −20.8% |
| FS KKR Capital | $12.22 | −0.41% | $3.43B | — | 7.8 | 3.6 | +11.5% |
| Blackstone Secured Lending Fund | $24.83 | +0.35% | $5.76B | 19.6 | 9.5 | 5.4 | +25.9% |
| Golub Capital BDC | $13.03 | +0.04% | $3.39B | 23.7 | 10.1 | 4.7 | −14.2% |
| Sixth Street Specialty Lending | $18.74 | −0.11% | $1.78B | 19.7 | 10.5 | 5.2 | −13.0% |
| Median | 19.7 | 9.8 | 5.0 | −0.8% |