Is PennantPark Investment Corp. technically bullish or bearish?
2025-09-20 19:33:25As of 9 September 2025, the technical trend for PennantPark Investment Corp. has changed from bullish to mildly bullish. The current stance is mildly bullish, driven primarily by the daily moving averages indicating a positive trend. However, the weekly and monthly MACD, Bollinger Bands, and Dow Theory suggest a mixed outlook, with both mildly bearish and bearish signals present. In terms of performance, the stock has underperformed the S&P 500 across multiple periods, with a year-to-date return of -1.98% compared to the S&P 500's 12.22%, and a one-year return of -1.00% against the S&P 500's 17.14%. Over the longer term, the stock has shown a positive return of 11.58% over three years, but this is significantly lower than the S&P 500's 70.41% return in the same period....
Read MoreIs PennantPark Investment Corp. overvalued or undervalued?
2025-09-20 18:08:52As of 8 May 2024, the valuation grade for PennantPark Investment Corp. has moved from does not qualify to very attractive. The company appears undervalued based on its valuation metrics, particularly with a P/E ratio of 46, which is significantly higher than peers like Fidus Investment Corp. at 9.59 and Crescent Capital BDC, Inc. at 13.31. Additionally, the Price to Book Value stands at 0.91, and the EV to EBITDA is 7.01, indicating potential for growth compared to its market price. Despite recent stock performance lagging behind the S&P 500, with a year-to-date return of -1.98% versus the index's 12.22%, the company's high dividend yield of 14.34% and ROCE of 12.84% suggest strong fundamentals. Overall, PennantPark Investment Corp. is positioned as undervalued relative to its peers and the broader market....
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