Overview Dividends

(PNNT) PennantPark Investment - Ratings and Ratios

Exchange: NYSE • Country: United States • Currency: USD • Type: Common Stock • ISIN: US7080621045

Mezzanine Debt, Senior Loans, Equity Stakes

Asset Management & Custody Banks
Market Cap in USD: 387m

IPO / Inception: 2007-04-19
Return 12m vs S&P 500: -18.6%

EPS (Earnings per Share)

EPS CAGR: -6.11%
EPS Trend: 4.7%

Last SUE: -1.37
Qual. Beats: 0

Revenue

Rev. CAGR: -32.99%
Rev. Trend: -27.9%

Last SUE: -4.00
Qual. Beats: 0

Dividends

Dividend Yield	16.38%
Yield on Cost 5y	36.78%
Yield CAGR 5y	13.94%
Payout Consistency	94.0%
Payout Ratio	45.1%

Risk via 5d forecast
Volatility	20.1%
Value at Risk 5%th	33.2%
Relative Tail Risk	0.37%

Reward TTM
Sharpe Ratio	-0.21
Alpha	-15.31
CAGR/Max DD	0.73

Character TTM
Hurst Exponent	0.380
Beta	0.660
Beta Downside	0.719

Drawdowns 3y
Max DD	21.14%
Mean DD	5.64%
Median DD	4.55%

Description: PNNT PennantPark Investment December 28, 2025

PennantPark Investment Corporation (NYSE: PNNT) is a Business Development Company (BDC) that operates as a private-equity-style fund, targeting direct and mezzanine capital placements in U.S. middle-market companies across a broad array of sectors, from real estate and hospitality to technology, healthcare, and energy.

The firm typically deploys $10 million-$100 million of capital across the capital structure-senior secured loans, subordinated debt, and equity-into companies with EBITDA of $10 million-$50 million and revenue of $50 million-$1 billion. Mezzanine and senior loan exposures usually range from $15 million-$50 million, while equity commitments can reach up to $250 million, often in non-control positions.

As of the latest filing, PNNT reported an asset base of roughly $1.1 billion and a dividend yield near 9%, reflecting the BDC’s reliance on high-yield debt in a low-interest-rate environment; however, rising Fed rates could pressure net interest margins and borrowing costs for portfolio companies. Historically, BDCs allocate about 70% of assets to debt instruments, a pattern that aligns with PennantPark’s emphasis on mezzanine and senior secured loans. A key driver for its portfolio performance is the health of the U.S. middle-market, which has shown a 3-4% annual revenue growth rate over the past three years, but remains sensitive to macro-economic tightening.

For a deeper, data-driven view of PNNT’s valuation and risk profile, you might find the analytics on ValueRay worth a quick look.

Piotroski VR‑10 (Strict, 0-10) 4.5

Net Income (32.7m TTM) > 0 and > 6% of Revenue (6% = 6.04m TTM)

FCFTA 0.17 (>2.0%) and ΔFCFTA 29.44pp (YES ≥ +1.0pp, WARN ≥ +0.5pp)

NWC/Revenue -89.01% (prev -38.06%; Δ -50.95pp) (YES ≤20% & Δ≤-1pp; WARN ≤25% & Δ≤0 oder ≤40% & Δ≤-3pp)

CFO/TA 0.17 (>3.0%) and CFO 229.8m > Net Income 32.7m (YES >=105%, WARN >=100%)

Net Debt (687.1m) to EBITDA (77.0m) ratio: 8.93 <= 3.0 (WARN <= 3.5)

Current Ratio 0.39 (target 1.5–3.0; WARN 1.2–<1.5 or >3.0–5.0; CFO/TA gate active)

Outstanding Shares last Quarter (65.3m) change vs 12m ago -0.22% (target <= -2.0% for YES)

Gross Margin 62.48% (prev 68.58%; Δ -6.10pp) >=18% & Δ>=+0.5pp (WARN >=15% & Δ>=0)

Asset Turnover 7.36% (prev 10.35%; Δ -3.00pp) >=50% & Δ>=+2pp (WARN >=35% & Δ>=0)

Interest Coverage Ratio 0.00 (EBITDA TTM 77.0m / Interest Expense TTM 10.09b) >= 6 (WARN >= 3)

Altman Z'' -1.29

(A) -0.07 = (Total Current Assets 57.0m - Total Current Liabilities 146.7m) / Total Assets 1.35b

(B) -0.20 = Retained Earnings (Balance) -276.6m / Total Assets 1.35b

(D) -0.31 = Book Value of Equity -276.6m / Total Liabilities 885.6m

Total Rating: -1.29 = (6.56 * A) + (3.26 * B) + (6.72 * C) + (1.05 * D)

ValueRay F-Score (Strict, 0-100) 51.54

1. Piotroski 4.50pt

2. FCF Yield 21.39%

3. FCF Margin data missing

4. Debt/Equity 1.59

5. Debt/Ebitda 8.93

6. ROIC - WACC (= -0.41)%

7. RoE 6.79%

8. Rev. Trend -27.92%

9. EPS Trend 4.68%

What is the price of PNNT shares?

As of December 30, 2025, the stock is trading at USD 5.86 with a total of 784,716 shares traded.
Over the past week, the price has changed by +0.34%, over one month by +1.04%, over three months by -9.25% and over the past year by -3.64%.

Is PNNT a buy, sell or hold?

PennantPark Investment has received a consensus analysts rating of 3.00. Therefor, it is recommend to hold PNNT.

Strong Buy: 1
Buy: 0
Hold: 6
Sell: 0
Strong Sell: 1

What are the forecasts/targets for the PNNT price?

Issuer	Target	Up/Down from current
Wallstreet Target Price	6.2	4.9%
Analysts Target Price	6.2	4.9%
ValueRay Target Price	7.2	22.7%

PNNT Fundamental Data Overview December 30, 2025

Market Cap USD = 387.2m (387.2m USD * 1.0 USD.USD)
P/E Trailing = 11.86
P/E Forward = 9.4162
P/S = 3.164
P/B = 0.8346
P/EG = 0.279
Beta = 0.636
Revenue TTM = 100.7m USD
EBIT TTM = 28.7m USD
EBITDA TTM = 77.0m USD
Long Term Debt = unknown (none)
Short Term Debt = 149.5m USD (from shortTermDebt, last fiscal year)
Debt = 738.9m USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 687.1m USD (from netDebt column, last quarter)
Enterprise Value = 1.07b USD (387.2m + Debt 738.9m - CCE 51.8m)
Interest Coverage Ratio = 0.00 (Ebit TTM 28.7m / Interest Expense TTM 10.09b)
FCF Yield = 21.39% (FCF TTM 229.8m / Enterprise Value 1.07b)
FCF Margin = 228.1% (FCF TTM 229.8m / Revenue TTM 100.7m)
Net Margin = 32.48% (Net Income TTM 32.7m / Revenue TTM 100.7m)
Gross Margin = 62.48% ((Revenue TTM 100.7m - Cost of Revenue TTM 37.8m) / Revenue TTM)
Gross Margin QoQ = -3.51% (prev 68.89%)
Tobins Q-Ratio = 0.80 (Enterprise Value 1.07b / Total Assets 1.35b)
Interest Expense / Debt = 1362 % (Interest Expense 10.06b / Debt 738.9m)
Taxrate = -210.9% (out of range, set to none) (620.0k / -294.0k)
NOPAT = unknown (EBIT/Op.Income or Taxrate missing)
Current Ratio = 0.39 (Total Current Assets 57.0m / Total Current Liabilities 146.7m)
Debt / Equity = 1.59 (Debt 738.9m / totalStockholderEquity, last quarter 463.9m)
Debt / EBITDA = 8.93 (Net Debt 687.1m / EBITDA 77.0m)
Debt / FCF = 2.99 (Net Debt 687.1m / FCF TTM 229.8m)
Total Stockholder Equity = 481.7m (last 4 quarters mean from totalStockholderEquity)
RoA = 2.42% (Net Income 32.7m / Total Assets 1.35b)
RoE = 6.79% (Net Income TTM 32.7m / Total Stockholder Equity 481.7m)
RoCE = 2.38% (EBIT 28.7m / Capital Employed (Total Assets 1.35b - Current Liab 146.7m))
RoIC = 2.49% (EBIT 28.7m / (Assets 1.35b - Curr.Liab 146.7m - Cash 51.8m))
WACC = 2.91% (E(387.2m)/V(1.13b) * Re(8.45%) + (debt cost/tax rate unavailable))
Discount Rate = 8.45% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: 81.65 | Cagr: 0.05%
[DCF Debug] Terminal Value 68.64% ; FCFE base≈229.8m ; Y1≈150.9m ; Y5≈69.0m
Fair Price DCF = 19.40 (DCF Value 1.27b / Shares Outstanding 65.3m; 5y FCF grow -40.0% → 3.0% )
EPS Correlation: 4.68 | EPS CAGR: -6.11% | SUE: -1.37 | # QB: 0
Revenue Correlation: -27.92 | Revenue CAGR: -32.99% | SUE: -4.0 | # QB: 0
EPS next Quarter (2026-03-31): EPS=0.17 | Chg30d=-0.011 | Revisions Net=-2 | Analysts=8
EPS current Year (2026-09-30): EPS=0.65 | Chg30d=-0.057 | Revisions Net=-3 | Growth EPS=-8.8% | Growth Revenue=-8.3%
EPS next Year (2027-09-30): EPS=0.63 | Chg30d=-0.012 | Revisions Net=-1 | Growth EPS=-2.6% | Growth Revenue=-2.5%

Additional Sources for PNNT Stock

News: Wall Street Journal | Benzinga | Yahoo Finance
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Fund Manager Positions: Dataroma | Stockcircle