Stock Rating Upgrade
Reflecting improving fundamentals and high Appreciation Potential, the Value Trend Rating for PennantPark Investment Corp (NYSE: PNNT) improved during the last several trading days. PNNT’s current Value Trend Rating is B and the prior Rating was C. Details supporting this higher rating are included in our next report.
Recent Price Action
On 4/8/24, PennantPark Investment Corp (NYSE: PNNT) stock rose slightly by 0.1%, closing at $6.95. Trading volume in this advance was normal. The stock has risen 1.0% during the last week and has performed in line with the market over the last nine months.
Current PriceTarget Research Rating
PNNT is expected to continue to be a Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
PennantPark Investment has a current Value Trend Rating of B (Positive). This VT Rating improved in recent days from C previously. This rating combines highly consistent signals from two proprietary PTR measures of a stock’s attractiveness. PennantPark Investment has a slightly positive Appreciation Score of 62 and a slightly positive Power Rating of 69, resulting in the Positive Value Trend Rating.
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