XTX Topco Ltd Trims Holdings in PennantPark Investment Co. (NASDAQ:PNNT)

XTX Topco Ltd cut its holdings in PennantPark Investment Co. (NASDAQ:PNNT) by 64.7% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 15,956 shares of the asset manager’s stock after selling 29,254 shares during the quarter. XTX Topco Ltd’s holdings in PennantPark Investment were worth $112,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of PNNT. Ameriflex Group Inc. purchased a new stake in PennantPark Investment during the 4th quarter valued at about $39,000. BNP Paribas Financial Markets purchased a new stake in PennantPark Investment during the 4th quarter valued at about $80,000. Jane Street Group LLC grew its position in PennantPark Investment by 93.1% during the 4th quarter. Jane Street Group LLC now owns 27,598 shares of the asset manager’s stock valued at $195,000 after purchasing an additional 13,307 shares during the last quarter. Cambridge Investment Research Advisors Inc. grew its position in PennantPark Investment by 7.3% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 35,882 shares of the asset manager’s stock valued at $252,000 after purchasing an additional 2,445 shares during the last quarter. Finally, Wells Fargo & Company MN grew its position in PennantPark Investment by 17.6% during the 4th quarter. Wells Fargo & Company MN now owns 41,004 shares of the asset manager’s stock valued at $290,000 after purchasing an additional 6,145 shares during the last quarter. 26.62% of the stock is owned by hedge funds and other institutional investors.

PennantPark Investment Price Performance

PNNT opened at $7.36 on Friday. The company has a debt-to-equity ratio of 1.56, a quick ratio of 0.47 and a current ratio of 0.47. The stock has a market capitalization of $480.25 million, a P/E ratio of 28.29 and a beta of 1.07. The company’s 50-day simple moving average is $7.05 and its two-hundred day simple moving average is $6.89. PennantPark Investment Co. has a 52-week low of $5.72 and a 52-week high of $7.53.

PennantPark Investment Dividend Announcement

The firm also recently disclosed a dividend, which will be paid on Tuesday, September 2nd. Stockholders of record on Monday, August 18th will be paid a $0.08 dividend. This represents a dividend yield of 1,319.0%. The ex-dividend date is Friday, August 15th. PennantPark Investment’s dividend payout ratio is 457.14%.

Analyst Ratings Changes

Several brokerages recently commented on PNNT. Keefe, Bruyette & Woods reissued an “underperform” rating and set a $6.25 price objective (down from $6.50) on shares of PennantPark Investment in a research report on Wednesday. Compass Point restated a “sell” rating and set a $5.75 target price (down previously from $6.00) on shares of PennantPark Investment in a research note on Wednesday, May 21st. Wall Street Zen upgraded shares of PennantPark Investment from a “sell” rating to a “hold” rating in a research note on Wednesday, May 14th. JPMorgan Chase & Co. upped their target price on shares of PennantPark Investment from $6.50 to $7.00 and gave the company a “neutral” rating in a research note on Thursday. Finally, LADENBURG THALM/SH SH upgraded shares of PennantPark Investment to a “hold” rating in a research note on Wednesday, May 14th. Two research analysts have rated the stock with a sell rating and three have given a hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $6.33.

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.