PennantPark Investment Corporation (PNNT)

PennantPark Investment Corporation (NYSE: PNNT) is a closed-end investment fund organized as a business development company. It focuses on direct and mezzanine investments in middle-market U.S. companies, using structures that may include mezzanine debt, senior secured loans, and equity positions. The fund also participates in a broad range of transactions across the capital structure, including preferred stock, common stock, warrants, options, subordinated and first-lien debt, distressed debt securities, and private equity co-investments. Its portfolio focus spans sectors such as real estate, hotels, gaming and leisure, technology, telecommunications, healthcare, financial services, consumer products, energy, utilities, manufacturing, and other industries. PennantPark typically targets companies with EBITDA between $10 million and $50 million and revenue ranging from $50 million to $1 billion, with investment sizes generally between $10 million and $100 million and equity commitments that may be as high as $250 million.

Jump between the core stock analysis sections, valuation data, fair value models, technical outlook, and FAQ.