Blackrock Trimmed Its Pennantpark Invt (PNNT) Stake; P. H. Glatfelter Company (GLT) Had 2 Bulls

June 14, 2018 - By Linda Rogers

P. H. Glatfelter Company (NYSE:GLT) Logo

Blackrock Inc decreased Pennantpark Invt Corp (PNNT) stake by 13.65% reported in 2018Q1 SEC filing. Blackrock Inc sold 61,872 shares as Pennantpark Invt Corp (PNNT)’s stock rose 3.09%. The Blackrock Inc holds 391,564 shares with $2.62 million value, down from 453,436 last quarter. Pennantpark Invt Corp now has $515.19 million valuation. The stock increased 0.28% or $0.02 during the last trading session, reaching $7.25. About 125,241 shares traded. PennantPark Investment Corporation (NASDAQ:PNNT) has declined 1.87% since June 14, 2017 and is downtrending. It has underperformed by 14.44% the S&P500. Some Historical PNNT News: ; 05/04/2018 – PennantPark Investment at Company Marketing Hosted By Janney; 09/05/2018 – PENNANTPARK INVESTMENT 2Q INVESTMENT EPS 19C, EST. 18C; 09/05/2018 – PENNANTPARK INVESTMENT CORP QTRLY NET INVESTMENT INCOME PER SHARE $ 0.19; 05/03/2018 Fitch Affirms PennantPark at ‘BBB-‘; Outlook Remains Negative; 05/03/2018 – PennantPark Investment Corporation Announces Quarterly Distribution of $0.18 per Share; 09/05/2018 – PennantPark Investment Corp Announces $30M Stk Repurchase Program; 09/05/2018 – PENNANTPARK INVESTMENT CORP – EXPECTS REPURCHASE PROGRAM TO REMAIN IN PLACE UNTIL EARLIER OF MAY 8, 2019; 09/05/2018 – PennantPark Investment 2Q Net Asset Value $9/Share; 09/05/2018 – PENNANTPARK INVESTMENT 2Q INVESTMENT EPS 19C; 09/05/2018 – PENNANTPARK INVESTMENT CORP QTRLY NET ASSET VALUE PER SHARE $ 9.00

Among 3 analysts covering PH Glatfelter Co (NYSE:GLT), 2 have Buy rating, 0 Sell and 1 Hold. Therefore 67% are positive. PH Glatfelter Co had 13 analyst reports since August 7, 2015 according to SRatingsIntel. The firm earned “Buy” rating on Friday, June 9 by BMO Capital Markets. The rating was downgraded by BMO Capital Markets on Wednesday, December 7 to “Market Perform”. The stock has “Outperform” rating by BMO Capital Markets on Wednesday, November 2. BMO Capital Markets maintained P. H. Glatfelter Company (NYSE:GLT) rating on Friday, October 27. BMO Capital Markets has “Buy” rating and $24.0 target. The stock has “Buy” rating by BMO Capital Markets on Friday, September 22. The stock has “Buy” rating by BMO Capital Markets on Friday, August 18. BMO Capital Markets maintained P. H. Glatfelter Company (NYSE:GLT) rating on Friday, July 14. BMO Capital Markets has “Buy” rating and $2400 target. DA Davidson downgraded the shares of GLT in report on Wednesday, December 7 to “Neutral” rating. As per Wednesday, December 16, the company rating was initiated by Sidoti. The firm has “Outperform” rating by BMO Capital Markets given on Friday, May 5. See P. H. Glatfelter Company (NYSE:GLT) latest ratings:

Analysts await PennantPark Investment Corporation (NASDAQ:PNNT) to report earnings on August, 6. They expect $0.17 earnings per share, down 5.56% or $0.01 from last year’s $0.18 per share. PNNT’s profit will be $12.08M for 10.66 P/E if the $0.17 EPS becomes a reality. After $0.19 actual earnings per share reported by PennantPark Investment Corporation for the previous quarter, Wall Street now forecasts -10.53% negative EPS growth.

Among 12 analysts covering Pennant Investment (NASDAQ:PNNT), 5 have Buy rating, 0 Sell and 7 Hold. Therefore 42% are positive. Pennant Investment had 34 analyst reports since August 6, 2015 according to SRatingsIntel. The firm has “Neutral” rating by JP Morgan given on Monday, July 18. The company was maintained on Tuesday, August 15 by Jefferies. The firm has “Hold” rating by Jefferies given on Friday, January 19. On Monday, May 2 the stock rating was downgraded by Robert W. Baird to “Neutral”. JMP Securities maintained it with “Market Outperform” rating and $8.50 target in Wednesday, August 10 report. The firm has “Mkt Perform” rating given on Wednesday, November 23 by FBR Capital. JP Morgan upgraded PennantPark Investment Corporation (NASDAQ:PNNT) on Wednesday, August 9 to “Overweight” rating. As per Tuesday, November 22, the company rating was upgraded by Ladenburg Thalmann. The company was downgraded on Thursday, May 11 by JMP Securities. The stock of PennantPark Investment Corporation (NASDAQ:PNNT) has “Hold” rating given on Monday, September 25 by Keefe Bruyette & Woods.

More important recent PennantPark Investment Corporation (NASDAQ:PNNT) news were published by: Investorplace.com which released: “Top 3 Dividend Stocks Under $10” on June 14, 2018, also Seekingalpha.com published article titled: “TCG BDC Inc.: 9% Dividend Yield With Upside For Rising Interest Rates”, Seekingalpha.com published: “This 11.2% Yielding BDC Is Ready For Shareholder Activism” on May 30, 2018. More interesting news about PennantPark Investment Corporation (NASDAQ:PNNT) was released by: Globenewswire.com and their article: “Recent Analysis Shows Capital Senior Living, Digital Realty Trust, Minerva Neurosciences, Zix, First Merchants, and …” with publication date: May 22, 2018.

Investors sentiment decreased to 1.15 in 2018 Q1. Its down 0.03, from 1.18 in 2017Q4. It worsened, as 12 investors sold PNNT shares while 28 reduced holdings. 12 funds opened positions while 34 raised stakes. 28.25 million shares or 4.67% more from 26.98 million shares in 2017Q4 were reported. Pinebridge Invs Limited Partnership reported 0.01% stake. Blackrock Incorporated reported 391,564 shares. Cullen Frost Bankers Inc holds 0% or 18,263 shares in its portfolio. Moreover, Raymond James & Assocs has 0% invested in PennantPark Investment Corporation (NASDAQ:PNNT) for 37,264 shares. Cubic Asset Mngmt Ltd invested 0.04% of its portfolio in PennantPark Investment Corporation (NASDAQ:PNNT). Citigroup stated it has 0% of its portfolio in PennantPark Investment Corporation (NASDAQ:PNNT). Moreover, Millennium Mgmt has 0% invested in PennantPark Investment Corporation (NASDAQ:PNNT) for 513,077 shares. Virtu Ltd Liability Corp accumulated 52,486 shares or 0.02% of the stock. Oxbow Advsr Limited Liability Corp owns 29,900 shares. Van Eck Corporation reported 0.02% stake. Old Second Bancorp Of Aurora reported 1,702 shares. Lsv Asset accumulated 0.03% or 3.12M shares. Greenwich Invest Mgmt reported 4.34% in PennantPark Investment Corporation (NASDAQ:PNNT). Arete Wealth Advsrs Llc holds 48,439 shares. Jpmorgan Chase invested in 0% or 2.27 million shares.

Blackrock Inc increased Lloyds Banking Group Plc (NYSE:LYG) stake by 981,581 shares to 7.00 million valued at $26.04 million in 2018Q1. It also upped Eiger Biopharmaceuticals Inc stake by 52,114 shares and now owns 80,912 shares. Match Group Inc was raised too.

P. H. Glatfelter Company, together with its subsidiaries, makes and sells specialty papers and fiber engineered materials worldwide. The company has market cap of $804.93 million. The companyÂ’s Composite Fibers business unit offers food and beverage filtration paper for single-serve coffee and tea products; nonwoven wall covering base materials for wallpaper manufacturers; metallized products that are used in label, packaging liner, gift wrap, and other consumer product applications; composite laminate papers for use in production of decorative laminate, furniture, and flooring applications; and special paper products, which are used in electrical energy storage, transport and transmission, wipes, and other highly-engineered fiber applications. It has a 102.33 P/E ratio. The Company’s Advanced Airlaid Materials business unit supplies absorbent cellulose airlaid nonwoven materials that are used to manufacture consumer products, such as feminine hygiene, specialty wipe, adult incontinence, home care, and other consumer products.

Investors sentiment decreased to 0.96 in 2018 Q1. Its down 0.52, from 1.48 in 2017Q4. It dropped, as 11 investors sold P. H. Glatfelter Company shares while 42 reduced holdings. 13 funds opened positions while 38 raised stakes. 39.84 million shares or 0.12% more from 39.79 million shares in 2017Q4 were reported. Federated Invsts Inc Pa owns 131 shares or 0% of their US portfolio. 32,946 are owned by Manufacturers Life Company The. 3.67M are owned by Dimensional Fund Advsrs L P. Commercial Bank Of Montreal Can has invested 0% in P. H. Glatfelter Company (NYSE:GLT). Northern stated it has 1.51 million shares or 0.01% of all its holdings. Pillar Pacific Cap Mgmt Lc reported 13,120 shares. Gemmer Asset Mgmt Ltd Liability Corporation holds 266 shares. Parallax Volatility Advisers Limited Partnership holds 0% of its portfolio in P. H. Glatfelter Company (NYSE:GLT) for 836 shares. Voya Inv Mgmt Limited Liability Corporation has 0% invested in P. H. Glatfelter Company (NYSE:GLT) for 20,495 shares. First Tru L P reported 0% of its portfolio in P. H. Glatfelter Company (NYSE:GLT). State Board Of Administration Of Florida Retirement System has 40,392 shares for 0% of their portfolio. Principal Fincl Grp holds 0.01% of its portfolio in P. H. Glatfelter Company (NYSE:GLT) for 334,868 shares. 50,000 were reported by Nj State Employees Deferred Compensation Plan. Us Retail Bank De holds 0% or 153 shares. California Pub Employees Retirement Sys reported 0% in P. H. Glatfelter Company (NYSE:GLT).

PennantPark Investment Corporation (NASDAQ:PNNT) Institutional Positions Chart

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