Stock News Spotlight: PennantPark Investment Corporation  (NASDAQ:PNNT) moves slightly up on Latest distribution Release

PennantPark Investment Corporation  (NASDAQ:PNNT) stock observed trading -16.58% off 52-week high price. On the other end, the stock has been noted 5.32% away from low price over the last 52-weeks. The stock disclosed a move of -5.06% away from 50 day moving average and -8.23% away from 200 day moving average. Moving closer, we can see that shares have been trading -1.67% off 20-day moving average. It has market cap of $438.47M and dividend yield of 11.01%.

PennantPark Investment Corporation  (NASDAQ:PNNT) announced its third fiscal quarter 2019 distribution of $0.18 per share, payable on July 1, 2019 to stockholders of record as of June 17, 2019. Distributions are paid from taxable earnings and may include a return of capital and/or capital gains. The specific tax characteristics of the distribution will be reported to stockholders on Form 1099 after the end of the calendar year and in the Company’s periodic report filed with the Securities and Exchange Commission.

“We are pleased that we have been able to continue to deliver an attractive dividend over a long period of time,” said Art Penn, Chairman and Chief Executive Officer.

ABOUT PennantPark Investment Corporation  (NASDAQ:PNNT)

PennantPark Investment Corporation  (NASDAQ:PNNT) is a business development company which principally invests in U.S. middle-market private companies in the form of first lien secured debt, second lien secured debt, subordinated debt and equity investments. PennantPark Investment Corporation is managed by PennantPark Investment Advisers, LLC.

The USA based company PennantPark Investment Corporation moved with change of 0.77% to $6.54 with the total traded volume of 241776 shares in recent session versus to an average volume of 258.57K. The stock was observed in the 5 days activity at -2.24%. The one month performance of stock was -6.57%. PNNT’s shares are at -5.90% for the quarter and driving a -10.78% return over the course of the past year and is now at 2.67% since this point in 2018.  The average volatility for the week and month was at 1.49% and 1.63% respectively. There are 67.05M shares outstanding.

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