5 Best BDC Stocks To Buy

3. PennantPark Investment Corporation (NYSE:PNNT)

Number of Hedge Fund Holders: 11

PennantPark Investment Corporation (NYSE:PNNT) is a New York-based company that provides exposure to middle-market credit. On November 17, the company announced a 10% hike in its quarterly dividend to $0.165 per share. This was the company’s second consecutive quarterly dividend growth. As of December 15, the stock has a dividend yield of 11.27%.

In fiscal Q4 2022, PennantPark Investment Corporation (NYSE:PNNT) reported a total investment income of $28.9 million, which saw a 25% growth from the same period last year. The company’s investment portfolio was worth over $1.2 billion and had over $585 million in net assets.

PennantPark Investment Corporation (NYSE:PNNT) was a part of 11 hedge fund portfolios in Q3 2022, the same as in the previous quarter, as per Insider Monkey’s data. The stakes owned by these hedge funds have a total value of over $32.2 million.

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