Raymond James Reaffirms Their Buy Rating on Pennantpark Investment (PNNT)

In a report issued on August 4, Robert Dodd from Raymond James maintained a Buy rating on Pennantpark Investment (PNNTResearch Report). The company’s shares closed last Friday at $4.26.

According to TipRanks.com, Dodd is a 5-star analyst with an average return of 6.6% and a 69.5% success rate. Dodd covers the Financial sector, focusing on stocks such as First Eagle Alternative Capital BDC, Investcorp Credit Management BDC, and Sixth Street Specialty Lending.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Pennantpark Investment with a $5.25 average price target, which is a 26.5% upside from current levels. In a report issued on November 19, Compass Point also upgraded the stock to Buy with a $4.75 price target.

See today’s analyst top recommended stocks >>

The company has a one-year high of $6.86 and a one-year low of $1.76. Currently, Pennantpark Investment has an average volume of 360.2K.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

PennantPark Investment Corp. engages in the provision of access to the middle market direct lending. It seeks to create diversified portfolio which includes first lien secured debt, second lien secured debt, subordinated debt and equity investments. The company was founded by Arthur H. Penn on January 11, 2007 and is headquartered in New York, NY.