Putnam Mast Int (NYSE:PIM) Trading Up 0.5% – What’s Next?

Putnam Mast Int (NYSE:PIM) shares traded up 0.5% during trading on Wednesday . The stock traded as high as $3.32 and last traded at $3.3150. 152,226 shares changed hands during mid-day trading, an increase of 84% from the average session volume of 82,841 shares. The stock had previously closed at $3.30.

Putnam Mast Int Stock Performance

The business has a 50-day moving average price of $3.30 and a 200-day moving average price of $3.35.

Putnam Mast Int Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Friday, February 27th. Stockholders of record on Friday, February 20th will be given a $0.022 dividend. The ex-dividend date is Friday, February 20th. This represents a c) annualized dividend and a dividend yield of 8.0%.

Institutional Investors Weigh In On Putnam Mast Int

Large investors have recently bought and sold shares of the company. Raymond James Financial Inc. purchased a new stake in shares of Putnam Mast Int during the second quarter worth approximately $25,000. Global Wealth Strategies & Associates acquired a new stake in Putnam Mast Int during the 3rd quarter worth $32,000. M3 Wealth Management LLC purchased a new stake in shares of Putnam Mast Int during the fourth quarter worth $68,000. Balefire LLC raised its position in shares of Putnam Mast Int by 100.6% in the third quarter. Balefire LLC now owns 21,059 shares of the company’s stock valued at $72,000 after buying an additional 10,559 shares during the last quarter. Finally, Integrity Advisory Solutions LLC purchased a new position in shares of Putnam Mast Int in the fourth quarter worth about $73,000. 55.06% of the stock is currently owned by hedge funds and other institutional investors.

About Putnam Mast Int

Putnam Master International (NYSE:PIM) is a closed-end management investment company that seeks long-term capital appreciation by investing primarily in equity securities of non-U.S. companies. The fund maintains a diversified portfolio spanning developed and emerging markets, with a focus on identifying businesses offering strong growth potential, attractive valuations and sound corporate governance. Shares of PIM trade on the NYSE, providing investors with a fixed capital structure and the opportunity to gain exposure to global equity markets through a single vehicle.

The fund’s investment team, managed by Putnam Retail Management LP, conducts bottom-up fundamental analysis to select holdings across multiple industries and geographies.