Recap: Pennant Park Investment Q1 Earnings

Shares of Pennant Park Investment PNNT fell in after-market trading after the company reported Q1 results.

Quarterly Results

Earnings per share fell 20.00% year over year to $0.12, which missed the estimate of $0.21.

Revenue of $18,732,000 decreased by 27.96% from the same period last year, which missed the estimate of $19,810,000.

Looking Ahead

Pennant Park Investment hasn't issued any earnings guidance for the time being.

Pennant Park Investment hasn't issued any revenue guidance for the time being.

Technicals

52-week high: $6.73

52-week low: $1.76

Price action over last quarter: Up 29.11%

Company Description

Pennant Park Investment Corp is a closed-end, non-diversified investment company. Its investment objective is to generate current income and capital appreciation also seeking to preserve capital through debt and equity investments. The company focuses on investing in US middle-market companies that offer attractive risk-reward to investors and to create a diversified portfolio that includes senior secured debt, mezzanine debt, and equity investments. It generates most of its revenue from interest and dividends received from investments made.