PennantPark Investment Co. (NASDAQ:PNNT) Stock Holdings Trimmed by Raymond James & Associates

Raymond James & Associates decreased its holdings in PennantPark Investment Co. (NASDAQ:PNNT) by 11.8% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 147,762 shares of the asset manager’s stock after selling 19,700 shares during the quarter. Raymond James & Associates’ holdings in PennantPark Investment were worth $1,021,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of PNNT. Millennium Management LLC lifted its holdings in PennantPark Investment by 5,609.7% in the fourth quarter. Millennium Management LLC now owns 812,257 shares of the asset manager’s stock worth $4,670,000 after purchasing an additional 798,031 shares during the period. LSV Asset Management boosted its holdings in shares of PennantPark Investment by 16.3% in the third quarter. LSV Asset Management now owns 2,101,737 shares of the asset manager’s stock valued at $13,829,000 after acquiring an additional 295,060 shares in the last quarter. Ares Management LLC increased its stake in shares of PennantPark Investment by 5.9% during the first quarter. Ares Management LLC now owns 5,242,500 shares of the asset manager’s stock valued at $40,787,000 after acquiring an additional 290,107 shares during the period. Hennion & Walsh Asset Management Inc. raised its holdings in PennantPark Investment by 346.7% during the third quarter. Hennion & Walsh Asset Management Inc. now owns 188,990 shares of the asset manager’s stock worth $1,244,000 after purchasing an additional 146,682 shares in the last quarter. Finally, Two Sigma Investments LP lifted its position in PennantPark Investment by 34.5% in the fourth quarter. Two Sigma Investments LP now owns 386,181 shares of the asset manager’s stock worth $2,221,000 after purchasing an additional 98,981 shares during the period. 26.62% of the stock is owned by institutional investors and hedge funds.

PennantPark Investment Stock Performance

Shares of NASDAQ PNNT opened at $7.01 on Monday. PennantPark Investment Co. has a 1 year low of $4.70 and a 1 year high of $7.27. The company has a debt-to-equity ratio of 1.39, a quick ratio of 0.81 and a current ratio of 0.81. The stock has a fifty day moving average price of $6.78 and a two-hundred day moving average price of $6.69. The firm has a market cap of $457.23 million, a P/E ratio of 9.47 and a beta of 1.52.

PennantPark Investment (NASDAQ:PNNT) last announced its earnings results on Wednesday, February 7th. The asset manager reported $0.24 earnings per share for the quarter, beating the consensus estimate of $0.23 by $0.01. PennantPark Investment had a return on equity of 14.17% and a net margin of 32.55%. The business had revenue of $34.34 million during the quarter, compared to analysts’ expectations of $32.49 million. Research analysts forecast that PennantPark Investment Co. will post 0.94 EPS for the current fiscal year.

PennantPark Investment Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Wednesday, May 1st. Stockholders of record on Monday, April 15th will be paid a $0.07 dividend. The ex-dividend date of this dividend is Friday, April 12th. This represents a $0.84 annualized dividend and a dividend yield of 11.98%. PennantPark Investment’s dividend payout ratio is currently 113.51%.

Insider Buying and Selling

In other PennantPark Investment news, CFO Richard T. Allorto, Jr. bought 5,000 shares of PennantPark Investment stock in a transaction that occurred on Tuesday, March 12th. The stock was purchased at an average cost of $6.80 per share, for a total transaction of $34,000.00. Following the completion of the acquisition, the chief financial officer now owns 15,000 shares of the company’s stock, valued at approximately $102,000. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In related news, CFO Richard T. Allorto, Jr. acquired 5,000 shares of the business’s stock in a transaction dated Tuesday, March 12th. The stock was bought at an average price of $6.80 per share, for a total transaction of $34,000.00. Following the transaction, the chief financial officer now owns 15,000 shares of the company’s stock, valued at $102,000. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Jose A. Briones acquired 6,122 shares of PennantPark Investment stock in a transaction dated Monday, February 26th. The shares were bought at an average cost of $6.86 per share, with a total value of $41,996.92. Following the completion of the purchase, the director now owns 261,657 shares in the company, valued at $1,794,967.02. The disclosure for this purchase can be found here. Insiders have acquired 22,372 shares of company stock worth $151,258 in the last ninety days. 3.00% of the stock is currently owned by corporate insiders.

PennantPark Investment Profile

PennantPark Investment Corporation, a business development company is a private equity fund specializes in direct and mezzanine investments in middle market companies. It invests in the form of mezzanine debt, senior secured loans, and equity investments. The fund typically invests in buildings and real estate, hotels, gaming and leisure, technology, telecommunications, transportation, information technology services, electronics, healthcare & pharmaceuticals, education and childcare, financial services, printing and publishing, consumer products, business services, energy & Related Services and utilities, distribution, oil and gas, media, environmental services, aerospace and defense, building materials, capital equipment, chemicals, plastics, & rubber, food & beverage, wholesale, manufacturing and basic industries and retail.