Analyst Price Target is $7.50
▲ +7.14% Upside Potential
This price target is based on 3 analysts offering 12 month price targets for PennantPark Investment in the last 3 months. The average price target is $7.50, with a high forecast of $7.50 and a low forecast of $7.50. The average price target represents a 7.14% upside from the last price of $7.00.
Current Consensus is
The current consensus among 3 contributing investment analysts is to hold stock in PennantPark Investment. This rating changed within the last month from a Buy consensus rating.
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.