Richard T. Allorto Jr., CFO and Treasurer at PENNANTPARK INVESTMENT CORP (PNNT), bought 15,000 shares at $4.88 ($73K) on 2026-03-11, disclosed to the SEC on 2026-03-12.
CFO Richard T. Allorto Jr. purchased 15,000 shares at $4.88, marking the largest purchase of his career. This insider buying comes as the stock trades near its 52-week low, potentially signaling confidence in the value despite recent underperformance.
The stock has suffered a sharp pullback, falling 9.5% over the last five days and 22.01% over the past 90 days. It is currently trading just 0.22% above its 52-week low of $4.56, having lost 34.9% of its value over the past year.
Watch for the Q2 2026 earnings call transcript (May 8, 2026) to discuss the -4.39% revenue miss. Monitor the 'PennantPark’s 20% Yield Is Partly Funded by a Reserve Running Out in December' article (March 24, 2026) for details on the December expiration of the funding reserve. The insider purchase of 15,000 shares at $4.88 is the largest of CFO Richard T. Allorto Jr.'s career.
The company reported a revenue miss of -4.39% in Q2 2026. Additionally, short interest represents 3.98% of the float, indicating potential selling pressure.
Clearly above the average filing.
| Filing → |
| PNNT | BUY | 2024-03-14 | $34K | — | Filing → |
| PNNT | BUY | 2023-05-17 | $54K | — | Filing → |
| MCC | BUY | 2015-06-01 | $47K | — | Filing → |