PennantPark Investment Corp. (NASDAQ:PNNT)

CAPS Rating: 4 out of 5

Close-end Management Invt Comp


Player Avatar OTH65 (< 20) Submitted: 1/4/2013 1:03:32 PM : Outperform Start Price: $9.45 PNNT Score: -21.81

IN the 4th qtr Pennant increased liquidity and paid down debt as well as increased investments by 84.6 million. They also have 243 million in available capital. $7.6 million is in cash the rest in avail credit facility. PNNT appears ready to improve on their position in the market and I expect them to do well over the next year to 18 months.

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