PENNANTPARK INVESTMENT CORP (PNNT)
PennantPark Investment Corporation is a publicly listed business development firm specializing in direct and mezzanine investments in middle market companies. It invests in the form of mezzanine debt, senior secured loans, and equity investments. The firm invests in equity securities and debt transactions through preferred stock, common stock, warrants, options, subordinated loans, mezzanine loans, and senior secured loans. It seeks to invest in companies based in the United States. The firm seeks to invest between $10 million and $50 million in its portfolio companies. Its mezzanine loans, senior secured loans, and other investments in its portfolio companies are between $15 million and $50 million. The firm may also make non-control equity and debt investments. PennantPark Investment Corporation was founded on January 11, 2007 and is based in New York, New York.
Address
590 MADISON AVENUE
NEW YORK, NY 10022
Founded
2007
Number of Employees
-
Website
http://www.pennantpark.com/
Buyback
Buyback Data | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Average |
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$ Amount Purchased ($ in 000s ) |
- | $30,109 | - | - | $15,273 | - | - | - | $18,206 | - | - | $21,196 |
Average Price | - | $8.30 | - | - | $7.28 | - | - | - | $7.17 | - | - | $7.69 |
# Shares Purchased | - | 3,628,382 | - | - | 2,099,180 | - | - | - | 2,538,314 | - | - | 2,755,292 |
Buyback Performance | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Average |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Total Return to Date | - | -15.6% | - | - | -3.8% | - | - | - | -2.4% | - | - | -9.0% |
S&P 500 Return to Date | - | 173.0% | - | - | 104.9% | - | - | - | 37.3% | - | - | 105.0% |
Excess Total Return | - | -188.6% | - | - | -108.7% | - | - | - | -39.7% | - | - | -114.0% |
Quartile Rank |
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Percentile Rank | - | 27% | - | - | 34% | - | - | - | 43% | - | - | 36% |
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