PennantPark Investment Corporation’s recent filing unveils that its Director Briones Jose A acquired Company’s shares for reported $9985.0 on May 21 ’25. In the deal valued at $6.59 per share,1,515 shares were bought. As a result of this transaction, Briones Jose A now holds 270,487 shares worth roughly $1.78 million.
Then, Briones Jose A bought 3,640 shares, generating $25,043 in total proceeds. Upon buying the shares at $6.88, the Director now owns 268,972 shares.
Before that, Briones Jose A bought 3,675 shares. PennantPark Investment Corporation shares valued at $24,972 were divested by the Director at a price of $6.79 per share. As a result of the transaction, Briones Jose A now holds 265,332 shares, worth roughly $1.75 million.
Compass Point downgraded its PennantPark Investment Corporation [PNNT] rating to a Sell from a a Neutral in a research note published recently. A number of analysts have revised their coverage, including Ladenburg Thalmann’s analysts, who decreased its forecast for the stock in late November from “a Buy” to “a Neutral”. Compass Point also remained covering PNNT and has increased its forecast on September 09, 2024 with a “Neutral” recommendation from previously “Sell” rating. Compass Point revised its rating on July 15, 2024. It rated PNNT as “a Sell” which previously was an “a Neutral”.
Price Performance Review of PNNT
On Friday, PennantPark Investment Corporation [NYSE:PNNT] saw its stock jump 0.30% to $6.59. Over the last five days, the stock has lost -3.23%. PennantPark Investment Corporation shares have fallen nearly -6.92% since the year began. Nevertheless, the stocks have fallen -11.31% over the past one year. While a 52-week high of $8.04 was reached on 03/03/25, a 52-week low of $5.72 was recorded on 04/09/25. SMA at 50 days reached $6.65, while 200 days put it at $6.91.
Levels Of Support And Resistance For PNNT Stock
The 24-hour chart illustrates a support level at 6.47, which if violated will result in even more drops to 6.35. On the upside, there is a resistance level at 6.66. A further resistance level may holdings at 6.72. The Relative Strength Index (RSI) on the 14-day chart is 48.55, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.09, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 60.94%. Stochastics %K at 36.98% indicates the stock is a holding.
