The CFO & Treasurer of Pennantpark Investment (NASDAQ: PNNT) is Buying Shares

By Carrie Williams

Today, the CFO & Treasurer of Pennantpark Investment (PNNTResearch Report), Aviv Efrat, bought shares of PNNT for $58.2K.

This recent transaction increases Aviv Efrat’s holding in the company by 21.86% to a total of $356.8K. In addition to Aviv Efrat, 3 other PNNT executives reported Buy trades in the last month.

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Based on Pennantpark Investment’s latest earnings report for the quarter ending December 31, the company posted quarterly revenue of $20.67 million and quarterly net profit of $19.2 million. In comparison, last year the company earned revenue of $8.22 million and had a net profit of $6.78 million. Currently, Pennantpark Investment has an average volume of 533.24K. The company has a one-year high of $7.19 and a one-year low of $1.76.

The insider sentiment on Pennantpark Investment has been positive according to 18 insider trades in the past three months. This sentiment is higher than the average sentiment of company insiders in this sector.

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PennantPark Investment Corp. engages in the provision of access to the middle market direct lending. It seeks to create diversified portfolio which includes first lien secured debt, second lien secured debt, subordinated debt and equity investments. The company was founded by Arthur H. Penn on January 11, 2007 and is headquartered in New York, NY.