Pennantpark Investment (PNNT) Shares Cross Below Book Value

In trading on Monday, shares of Pennantpark Investment Corporation (PNNT) crossed below their last reported book value — defined as common shareholder equity per share — of $11.03, changing hands as low as $10.73 per share. Pennantpark Investment Corporation shares are currently trading down about 2.9% on the day. The chart below shows the one year performance of PNNT shares, versus its 50 and 200 day moving averages:

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Pennantpark Investment Corporation Moving Averages Chart

Looking at the chart above, PNNT's low point in its 52 week range is $9.51 per share, with $12.00 as the 52 week high point — that compares with a last trade of $10.77.

According to the ETF Finder at ETF Channel, PNNT makes up 4.49% of the BDC Income ETF ( BIZD) which is trading lower by about 2% on the day Monday.

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