pennantpark investment advisers is a leader in providing middle-market companies with creative and flexible capital solutions across the capital structure. its staff of 35 is headquartered in new york city, with offices in chicago, los angeles, houston, and london. founded in 2007, pennantpark today manages approximately $2.1 billion across publicly-listed business development companies (pennantpark investment corporation - "pnnt"; pennantpark floating rate capital ltd. - “pflt”), and private vehicles for institutional limited partners, including the pennantpark credit opportunities fund ii, lp - "pcof ii" and multiple managed accounts and co-investment vehicles. led by founder arthur penn, pennantpark's senior team has deep individual experience and a long history of working together. from inception to december 31, 2016, they have invested over $5.7 billion into 482 transactions across a range of industries including business services, consumer products, distribution, manufacturing/ba
Company profile
Ticker
PNNT
Exchange
Website
CEO
Arthur Howard Penn
Employees
Location
Fiscal year end
Former names
Pennant Investment CORP
SEC CIK
Corporate docs
Subsidiaries
PNNT Alabama Holdings Inc. • PNNT Investment Holdings, LLC • RAM Energy Holdings LLC • MSpark, LLC • PennantPark Senior Loan Fund, LLC • AKW Holdings Limited ...
IRS number
208250744
PNNT stock data
Latest filings (excl ownership)
8-K
PennantPark Investment Corporation Announces Monthly Distribution of $0.07 per Share
4 Mar 24
8-K
Submission of Matters to a Vote of Security Holders
9 Feb 24
10-Q
2024 Q1
Quarterly report
7 Feb 24
8-K
Results of Operations and Financial Condition
7 Feb 24
8-K
PennantPark Investment Corporation Announces Monthly Distribution of $0.07 per Share
2 Feb 24
8-K
PennantPark Investment Corporation Schedules Earnings Release of First Fiscal Quarter 2024 Results
4 Jan 24
8-K
PennantPark Investment Corporation Announces Monthly Distribution of $0.07 per Share
3 Jan 24
DEF 14A
Definitive proxy
13 Dec 23
10-K
2023 FY
Annual report
7 Dec 23
8-K
PennantPark Investment Corporation Announces Monthly Distribution of $0.07 per Share
4 Dec 23
Transcripts
PNNT
Earnings call transcript
2024 Q1
8 Feb 24
PNNT
Earnings call transcript
2023 Q4
16 Nov 23
PNNT
Earnings call transcript
2023 Q3
10 Aug 23
PNNT
Earnings call transcript
2023 Q2
11 May 23
PNNT
Earnings call transcript
2023 Q1
9 Feb 23
PNNT
Earnings call transcript
2022 Q4
17 Nov 22
PNNT
Earnings call transcript
2022 Q3
4 Aug 22
PNNT
Earnings call transcript
2022 Q2
6 May 22
PNNT
Earnings call transcript
2022 Q1
10 Feb 22
PNNT
Earnings call transcript
2021 Q4
18 Nov 21
Latest ownership filings
Financial summary
Quarter (USD) | Sep 23 | Jun 23 | Mar 23 | Dec 22 | |
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Diluted EPS |
Annual (USD) | Sep 23 | Sep 22 | Sep 21 | Sep 20 | |
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Revenue | |||||
Cost of revenue | |||||
Operating income | |||||
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Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 38.78 mm | 38.78 mm | 38.78 mm | 38.78 mm | 38.78 mm | 38.78 mm |
Cash burn (monthly) | 1.33 mm | 1.33 mm | (no burn) | (no burn) | (no burn) | (no burn) |
Cash used (since last report) | 7.50 mm | 7.50 mm | n/a | n/a | n/a | n/a |
Cash remaining | 31.28 mm | 31.28 mm | n/a | n/a | n/a | n/a |
Runway (months of cash) | 23.5 | 23.5 | n/a | n/a | n/a | n/a |
Institutional ownership, Q3 2023
30.4% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 126 |
Opened positions | 21 |
Closed positions | 10 |
Increased positions | 45 |
Reduced positions | 28 |
13F shares | Current |
---|---|
Total value | 114.06 bn |
Total shares | 19.84 mm |
Total puts | 2.50 k |
Total calls | 11.90 k |
Total put/call ratio | 0.2 |
Largest owners | Shares | Value |
---|---|---|
Ares Management | 3.64 mm | $23.96 bn |
LSV Asset Management | 2.10 mm | $13.83 mm |
IVZ Invesco | 1.83 mm | $12.02 bn |
Millennium Management | 1.13 mm | $7.46 bn |
Callodine Capital Management | 1.05 mm | $6.93 bn |
Two Sigma Investments | 765.35 k | $5.04 bn |
Two Sigma Advisers | 696.22 k | $4.58 bn |
Advisors Asset Management | 660.87 k | $4.35 bn |
MS Morgan Stanley | 659.32 k | $4.34 bn |
Confluence Investment Management | 639.47 k | $4.21 bn |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
12 Mar 24 | Allorto Richard T JR | Common Stock | Buy | Acquire P | No | No | 6.7957 | 5,000 | 33.98 k | 15,000 |
26 Feb 24 | Jose A Briones | Common Stock | Buy | Acquire P | Yes | No | 6.858 | 1,166 | 8.00 k | 10,333 |
26 Feb 24 | Jose A Briones | Common Stock | Buy | Acquire P | No | No | 6.85 | 1,166 | 7.99 k | 261,657 |
26 Feb 24 | Jose A Briones | Common Stock | Buy | Acquire P | No | No | 6.857 | 4,956 | 33.98 k | 260,491 |
13 Feb 24 | Jose A Briones | Common Stock | Buy | Acquire P | No | No | 6.6697 | 3,800 | 25.34 k | 255,535 |
9 Feb 24 | Jose A Briones | Common Stock | Buy | Acquire P | No | No | 6.6994 | 7,450 | 49.91 k | 251,735 |
5 Dec 23 | Jose A Briones | Common Stock | Buy | Acquire P | No | No | 6.3791 | 1,565 | 9.98 k | 242,031 |
4 Dec 23 | Jose A Briones | Common Stock | Buy | Acquire P | No | No | 6.415 | 1,557 | 9.99 k | 240,466 |
22 Nov 23 | Jose A Briones | Common Stock | Buy | Acquire P | No | No | 6.465 | 1,545 | 9.99 k | 238,909 |
Press releases
PennantPark Investment Corporation Announces Monthly Distribution of $0.07 per Share
4 Mar 24
PennantPark Investment Corporation Announces Financial Results for the Quarter Ended December 31, 2023
7 Feb 24
PennantPark Investment Corporation Announces Monthly Distribution of $0.07 per Share
2 Feb 24
PennantPark Investment Corporation Schedules Earnings Release of First Fiscal Quarter 2024 Results
4 Jan 24
PennantPark Investment Corporation Announces Monthly Distribution of $0.07 per Share
3 Jan 24