PNNT

PennantPark Investment Corporation operates as a business development company (BDC) that provides debt and equity financing solutions to middle-market companies across the United States. Headquartered in Miami, Florida, the company was founded in 2007 and trades on the NASDAQ under the ticker symbol PNNT. The firm primarily originates and invests in senior secured loans, mezzanine debt, and select equity investments in companies typically valued between $50 million and $500 million. PennantPark focuses on sectors including business services, healthcare, industrials, and consumer products, targeting borrowers with established business models and strong management teams. The company is externally managed by PennantPark Investment Advisers, LLC, which leverages decades of private equity and credit experience. As a regulated investment company under the Investment Company Act of 1940, PennantPark distributes substantially all of its taxable income to shareholders through quarterly dividends. The portfolio typically consists of 80 to 120 companies, with investments ranging from $10 million to $50 million per transaction. The firm emphasizes downside protection through conservative underwriting and maintains diversification across industries and borrowers. Recent strategic initiatives include portfolio repositioning toward first-lien senior secured loans and selective investments in core middle-market companies with sustainable competitive advantages.