PennantPark Investment Corporation
PennantPark Investment Corporation (NYSE: PNNT) is trading at $3.35, about ₹322 at today's USD/INR rate, as of 30 Sep 2026, 9:44 AM ET, up 0.30% today. Indian residents can buy PennantPark Investment from India on Paasa under the RBI's Liberalised Remittance Scheme.
Quote
Today's low
$3.34
Today's high
$3.38
52 week low
$3.19
52 week high
$6.75
PNNT opened at $3.36, closed previously at $3.34, and has traded between $3.19 and $6.75 over the past 52 weeks.
About
PennantPark Investment Corporation operates as a Business Development Company (BDC) and a private equity fund. Its primary focus is on providing direct and mezzanine capital to middle-market companies situated across the United States. The firm deploys capital through a diverse range of instruments, including senior secured loans, mezzanine debt, and various equity stakes (such as common and preferred stock, warrants, and options). It also engages in subordinated debt, first-lien debt, distressed debt securities, and participates in private equity co-investments. PennantPark casts a wide net across numerous sectors. Its portfolio spans traditional industries such as manufacturing, distribution, aerospace, and basic materials; service-oriented sectors like IT, financial, business, and environmental services; and growth areas including technology, telecommunications, healthcare, and energy. It also considers opportunities in real estate, consumer products, media, education, and leisure, among others. The fund typically commits between $10 million and $100 million per portfolio company, covering various layers of the capital structure. For its target companies, it generally looks for an EBITDA ranging from $10 million to $50 million. While the overall investment can be up to $100 million, its specific mezzanine loans, senior secured loans, and similar debt instruments usually fall within the $15 million to $50 million range. Furthermore, PennantPark may engage in non-controlling equity and debt positions.
Key statistics
Avg. volume
673.49K
Market cap
$218.74M
P/E Ratio
21.22
Price-to-sales ratio
2.20
Enterprise value
$1.13B
Free cash flow yield
15.09%
Debt-to-equity ratio
1.28
Return on equity
7.05%
ROIC
2.72%
Beta
0.63
Dividend yield
28.66%
Last dividend
$0.96
Financial overview
Revenue
$83.08M
Earnings per share
$0.50
Free cash flow
$66.12M
Net profit margin
10.18%
Gross margin
63.52%
EBITDA
$35.29M
Revenue growth
-19.88%
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This is not an investment recommendation
How to buy PennantPark Investment from India
Indian residents can buy PennantPark Investment shares through Paasa in four steps. Funds leave India under the RBI's Liberalised Remittance Scheme and the shares are held in your own name with Interactive Brokers.
Open a Paasa account
Complete digital KYC with your PAN, Aadhaar and address proof. Your brokerage account is opened in your own name with Interactive Brokers.
Add funds under LRS
Transfer INR from your Indian bank account. Your bank reports the remittance under the RBI's Liberalised Remittance Scheme and converts it to US dollars.
Search for PennantPark Investment and place an order
Find PennantPark Investment by name or by its ticker, PNNT, and choose an order type. You can buy by amount or by quantity — fractional shares mean there is no minimum trade size. PennantPark Investment trades 7:00 pm – 1:30 am IST; orders can only execute during that window.
Track holdings and download tax reports
Follow your PennantPark Investment position in USD and INR, and use Paasa's capital-gains and dividend statements when you file your Indian return.
Read the full guide: how to invest in PennantPark Investment from India
Trading and taxes when buying PennantPark Investment from India
Trading and limits
- Trading hours
- 9:30 am – 4:00 pm ET
- LRS limit
- $250,000Per financial year, under the RBI's Liberalised Remittance Scheme.
Tax for Indian residents
- TCS on remittance
- 20%Collected by your bank on LRS remittances above ₹10 lakh in a financial year. The TCS is adjustable against your income-tax liability.Adjusting TCS against your tax
- Capital gains in India
- 12.5% or slab rateGains on shares held for more than 24 months are long-term and taxed at 12.5%. Gains on shares held for 24 months or less are short-term and taxed at your income-tax slab rate.Capital gains explained
- Dividends
- Slab rateDividends are taxed at your slab rate in India. The US withholds tax on dividends paid to Indian residents at the treaty rate; Paasa files Form W-8BEN for you, and the tax withheld can generally be claimed as a credit in India. PennantPark Investment’s current yield is 28.66%.Dividend tax explained
- US estate tax
- May applyUS-situs assets such as US-listed shares can be exposed to US estate tax for non-US persons.US estate tax calculator
Custody. Shares are held in your own name at Interactive Brokers LLC and are SIPC-insured up to $500,000 in total, including $250,000 for cash.
FAQs
Can Indian residents buy PennantPark Investment stock?
Yes. PennantPark Investment (PNNT) has been listed on the New York Stock Exchange since 2007, in the Asset Management industry, and Indian residents can buy it through Paasa. You fund the account from your Indian bank under the RBI's Liberalised Remittance Scheme and the money is converted to US dollars. Shares are held in your own name at Interactive Brokers LLC and are SIPC-insured up to $500,000 in total, including $250,000 for cash.
How much does one PennantPark Investment share cost in rupees?
One PennantPark Investment share is $3.35 — about ₹322 at a USD/INR rate of 96.06 on 29 Sep 2026. Both the PennantPark Investment price and the rupee rate move during the day, so the rupee cost changes with them.
What are the LRS and TCS rules for buying PennantPark Investment from India?
Remit up to $250,000 per financial year under the RBI's Liberalised Remittance Scheme (LRS). Banks collect 20% tax at source on LRS remittances above ₹10 lakh in a financial year; the TCS is adjustable against your income-tax liability. FX and the LRS declaration are handled by your bank when you fund your account.
Can I buy whole shares of PennantPark Investment?
Yes. One PennantPark Investment share is $3.35, and you can buy as many whole shares as you like. You can also buy by amount rather than by quantity: there is no minimum trade size, and Paasa supports fractional investing in PennantPark Investment.
How are gains on PennantPark Investment shares taxed in India?
The US does not levy capital gains tax on shares for Indian residents, so the tax is an India-side one. Gains on shares held for more than 24 months are long-term and taxed at 12.5%. Gains on shares held for 24 months or less are short-term and taxed at your income-tax slab rate. The gain is computed in rupees using the USD/INR rate on the purchase and the sale date, so the rupee move counts alongside the PennantPark Investment price. Paasa issues a capital-gains statement for your return.
Does PennantPark Investment pay a dividend, and how is it taxed in India?
Yes. PennantPark Investment pays a dividend and the current yield is 28.66%; the last declared dividend was $0.96 per share, about ₹92.22. Dividends are taxed at your slab rate in India. The US withholds tax on dividends paid to Indian residents at the treaty rate; Paasa files Form W-8BEN for you, and the tax withheld can generally be claimed as a credit in India. Paasa's dividend report lists the gross dividend and any tax withheld for each payment.
When can I trade PennantPark Investment from India?
The New York Stock Exchange trades 7:00 pm – 1:30 am IST in Indian time, so the close lands after midnight. The window shifts to 8:00 pm – 2:30 am IST when the US is on standard time. Orders can only execute during that window.
Is there estate or inheritance tax on PennantPark Investment shares held from India?
US-situs assets such as US-listed shares can be exposed to US estate tax for non-US persons. It applies to your overall holdings in that jurisdiction rather than to any one position. Paasa's US estate tax calculator shows the exposure for a given portfolio value.
Do I have to declare PennantPark Investment shares in my Indian tax return?
Yes. Foreign shares held on 31 March must be reported in Schedule FA of your Indian income-tax return. Paasa gives you a Schedule FA-ready statement listing your PennantPark Investment holding, its cost and its closing value.
How do I sell PennantPark Investment and bring the money back to India?
You sell during market hours (7:00 pm – 1:30 am IST) and the proceeds settle in USD in your Paasa account. From there you can hold the balance, reinvest, or repatriate. Funds can be withdrawn in any currency to any bank account in your own name. Whether the sale is short- or long-term is decided by the 24-month holding period.