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 Co-Investments, Middle-Market

PNNT EPS (Earnings per Share)

EPS Growth (3Y CAGR): -53.62%
EPS Trend (3Y Correlation): -59.8%

PNNT Revenue

Revenue Growth (3Y CAGR): 0.19%
Revenue Trend (3Y Correlation): -10.1%

Description: PNNT PennantPark Investment October 25, 2025

PennantPark Investment Corporation (NYSE:PNNT) is a Business Development Company that provides private-equity style financing to U.S. middle-market companies, primarily through mezzanine debt, senior secured loans, and equity-linked instruments.

The fund targets investments of $10 million to $100 million across the capital structure, focusing on companies with EBITDA between $10 million and $50 million. Typical loan sizes range from $15 million to $50 million, and the BDC may also take non-control equity positions or co-invest alongside other private-equity partners.

As of the most recent filing, PNNT reported assets under management of roughly $1.2 billion, a net asset value (NAV) per share of $10.5, and a dividend yield near 9%. Its portfolio is weighted about 60% toward mezzanine debt, 30% senior secured loans, and 10% equity-related investments, reflecting a diversified exposure across sectors such as technology, healthcare, and energy.

Key drivers for PNNT’s performance include the health of the U.S. middle-market credit market-where tighter spreads can pressure yields-and macro-economic trends like sustained GDP growth and robust M&A activity that fuel demand for flexible financing solutions, especially in high-growth tech and healthcare sub-sectors.

For a deeper quantitative assessment, you may want to explore ValueRay’s analytics platform, which offers granular, real-time metrics on BDC fundamentals and sector-specific risk factors.

PNNT Stock Overview

Market Cap in USD	421m
Sub-Industry	Asset Management & Custody Banks
IPO / Inception	2007-04-19

PNNT Stock Ratings

Growth Rating	75.6%
Fundamental	49.7%
Dividend Rating	75.4%
Return 12m vs S&P 500	-10.4%
Analyst Rating	3.0 of 5

PNNT Dividends

Dividend Yield 12m	14.79%
Yield on Cost 5y	55.81%
Annual Growth 5y	13.94%
Payout Consistency	94.0%
Payout Ratio	41.0%

PNNT Growth Ratios

Growth Correlation 3m	-81%
Growth Correlation 12m	66%
Growth Correlation 5y	87.8%
CAGR 5y	17.85%
CAGR/Max DD 3y (Calmar Ratio)	0.84
CAGR/Mean DD 3y (Pain Ratio)	3.49
Sharpe Ratio 12m	1.36
Alpha	-11.28
Beta	1.023
Volatility	17.61%
Current Volume	342.6k
Average Volume 20d	466.9k
Stop Loss	6.2 (-4.5%)
Signal	-0.31

Piotroski VR‑10 (Strict, 0-10) 5.0

Net Income (52.1m TTM) > 0 and > 6% of Revenue (6% = 5.54m TTM)

FCFTA 0.17 (>2.0%) and ΔFCFTA 19.34pp (YES ≥ +1.0pp, WARN ≥ +0.5pp)

NWC/Revenue -80.25% (prev -9.40%; Δ -70.85pp) (YES ≤20% & Δ≤-1pp; WARN ≤25% & Δ≤0 oder ≤40% & Δ≤-3pp)

CFO/TA 0.13 (>3.0%) and CFO 163.5m > Net Income 52.1m (YES >=105%, WARN >=100%)

Net Debt (78.7m) to EBITDA (57.7m) ratio: 1.36 <= 3.0 (WARN <= 3.5)

Current Ratio 0.50 (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 0.09% (target <= -2.0% for YES)

Gross Margin 68.47% (prev 69.22%; Δ -0.74pp) >=18% & Δ>=+0.5pp (WARN >=15% & Δ>=0)

Asset Turnover 7.14% (prev 8.69%; Δ -1.55pp) >=50% & Δ>=+2pp (WARN >=35% & Δ>=0)

Interest Coverage Ratio 1.14 (EBITDA TTM 57.7m / Interest Expense TTM 43.5m) >= 6 (WARN >= 3)

Altman Z'' -1.17

(A) -0.06 = (Total Current Assets 75.1m - Total Current Liabilities 149.2m) / Total Assets 1.25b

(B) -0.21 = Retained Earnings (Balance) -263.4m / Total Assets 1.25b

(D) -0.34 = Book Value of Equity -263.4m / Total Liabilities 772.3m

Total Rating: -1.17 = (6.56 * A) + (3.26 * B) + (6.72 * C) + (1.05 * D)

ValueRay F-Score (Strict, 0-100) 49.70

1. Piotroski 5.0pt = 0.0

2. FCF Yield 41.59% = 5.0

3. FCF Margin data missing

4. Debt/Equity 0.31 = 2.45

5. Debt/Ebitda 1.36 = 1.20

6. ROIC - WACC (= -4.87)% = -6.09

7. RoE 10.64% = 0.89

8. Rev. Trend -10.11% = -0.76

9. EPS Trend -59.84% = -2.99

What is the price of PNNT shares?

As of October 25, 2025, the stock is trading at USD 6.49 with a total of 342,600 shares traded.
Over the past week, the price has changed by +0.93%, over one month by -1.81%, over three months by -9.10% and over the past year by +6.09%.

Is PennantPark Investment a good stock to buy?

No, based on ValueRay´s Fundamental Analyses, PennantPark Investment (NYSE:PNNT) is currently (October 2025) a stock to sell. It has a ValueRay Fundamental Rating of 49.70 and therefor a negative outlook according to the companies health.
Based on momentum, paid dividends and discounted-cash-flow analyses, the fair value of PNNT is around 7.19 USD . This means that PNNT is currently undervalued and has a potential upside of +10.79% (Margin of Safety).

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	6.7	3.2%
Analysts Target Price	6.7	3.2%
ValueRay Target Price	8	23.7%

PNNT Fundamental Data Overview October 22, 2025

Market Cap USD = 421.2m (421.2m USD * 1.0 USD.USD)
P/E Trailing = 8.0625
P/E Forward = 10.0604
P/S = 3.2169
P/B = 0.8954
P/EG = 0.279
Beta = 1.023
Revenue TTM = 92.3m USD
EBIT TTM = 49.4m USD
EBITDA TTM = 57.7m USD
Long Term Debt = unknown (0.0)
Short Term Debt = 149.2m USD (from shortTermDebt, last quarter)
Debt = 149.2m USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 78.7m USD (from netDebt column, last quarter)
Enterprise Value = 499.9m USD (421.2m + Debt 149.2m - CCE 70.5m)
Interest Coverage Ratio = 1.14 (Ebit TTM 49.4m / Interest Expense TTM 43.5m)
FCF Yield = 41.59% (FCF TTM 207.9m / Enterprise Value 499.9m)
FCF Margin = 225.2% (FCF TTM 207.9m / Revenue TTM 92.3m)
Net Margin = 56.38% (Net Income TTM 52.1m / Revenue TTM 92.3m)
Gross Margin = 68.47% ((Revenue TTM 92.3m - Cost of Revenue TTM 29.1m) / Revenue TTM)
Gross Margin QoQ = 76.47% (prev 77.52%)
Tobins Q-Ratio = 0.40 (Enterprise Value 499.9m / Total Assets 1.25b)
Interest Expense / Debt = 6.16% (Interest Expense 9.20m / Debt 149.2m)
Taxrate = 7.60% (670.0k / 8.82m)
NOPAT = 45.7m (EBIT 49.4m * (1 - 7.60%))
Current Ratio = 0.50 (Total Current Assets 75.1m / Total Current Liabilities 149.2m)
Debt / Equity = 0.31 (Debt 149.2m / totalStockholderEquity, last quarter 480.6m)
Debt / EBITDA = 1.36 (Net Debt 78.7m / EBITDA 57.7m)
Debt / FCF = 0.38 (Net Debt 78.7m / FCF TTM 207.9m)
Total Stockholder Equity = 489.2m (last 4 quarters mean from totalStockholderEquity)
RoA = 4.15% (Net Income 52.1m / Total Assets 1.25b)
RoE = 10.64% (Net Income TTM 52.1m / Total Stockholder Equity 489.2m)
RoCE = 10.10% (EBIT 49.4m / Capital Employed (Equity 489.2m + L.T.Debt 0.0))
RoIC = 3.84% (NOPAT 45.7m / Invested Capital 1.19b)
WACC = 8.71% (E(421.2m)/V(570.4m) * Re(9.78%) + D(149.2m)/V(570.4m) * Rd(6.16%) * (1-Tc(0.08)))
Discount Rate = 9.78% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: 81.65 | Cagr: 0.05%
[DCF Debug] Terminal Value 63.03% ; FCFE base≈207.9m ; Y1≈136.5m ; Y5≈62.4m
Fair Price DCF = 14.45 (DCF Value 943.5m / Shares Outstanding 65.3m; 5y FCF grow -40.0% → 3.0% )
EPS Correlation: -59.84 | EPS CAGR: -53.62% | SUE: -4.0 | # QB: 0
Revenue Correlation: -10.11 | Revenue CAGR: 0.19% | SUE: -0.06 | # QB: 0

Additional Sources for PNNT Stock

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