5 Best BDC Stocks To Buy For the Rest of 2023

Page 1 of 5

In this article, we discuss 5 best BDC stocks to buy for the rest of 2023. If you want to read our detailed analysis of the business development sector and the performance of dividend stocks, go directly to read 11 Best BDC Stocks to Buy for the Rest of 2023.

5. PennantPark Investment Corporation (NYSE:PNNT)

Number of Hedge Fund Holders: 9

PennantPark Investment Corporation (NYSE:PNNT) is an American business development company that focuses on investing in middle-market businesses. They provide different types of financing, including loans and investments in these companies. On August 9, the company announced a 5% hike in its quarterly dividend to $0.21 per share. This was the company’s fifth consecutive quarter of dividend growth, which makes it one of the best dividend stocks on our list. As of September 26, the stock has a dividend yield of 12.98%.

At the end of Q2 2023, 9 hedge funds in Insider Monkey’s database reported having stakes in PennantPark Investment Corporation (NYSE:PNNT), which remained unchanged from the previous quarter. The collective value of these stakes is nearly $26 million. With 2 million shares, Callodine Capital Management was the company’s largest stakeholder in Q2.

Follow Pennantpark Investment Corp (NASDAQ:PNNT)

Page 1 of 5