Putnam Mast Int (NYSE:PIM) Shares Down 0.6% – Should You Sell?

Shares of Putnam Mast Int (NYSE:PIM) traded down 0.6% during mid-day trading on Tuesday . The company traded as low as $3.30 and last traded at $3.31. 87,021 shares traded hands during trading, a decline of 15% from the average session volume of 102,643 shares. The stock had previously closed at $3.33.

Putnam Mast Int Stock Down 0.6%

The stock has a fifty day moving average of $3.32 and a 200 day moving average of $3.35.

Putnam Mast Int Dividend Announcement

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

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in PIM. Raymond James Financial Inc. purchased a new stake in Putnam Mast Int in the 2nd quarter worth approximately $25,000. Global Wealth Strategies & Associates bought a new position in shares of Putnam Mast Int in the third quarter worth approximately $32,000. Balefire LLC increased its stake 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 worth $72,000 after purchasing an additional 10,559 shares in the last quarter. Blue Trust Inc. bought a new stake in shares of Putnam Mast Int during the 4th quarter valued at $84,000. Finally, Elevation Point Wealth Partners LLC purchased a new position in shares of Putnam Mast Int during the 3rd quarter valued at $95,000. 55.06% of the stock is currently owned by 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.