Two Sigma Advisers LP Grows Position in PennantPark Investment Co. (NASDAQ:PNNT)

Two Sigma Advisers LP lifted its holdings in shares of PennantPark Investment Co. (NASDAQ:PNNT - Free Report) by 10.7% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 1,318,818 shares of the asset manager's stock after purchasing an additional 127,100 shares during the period. Two Sigma Advisers LP owned about 2.02% of PennantPark Investment worth $9,337,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in PNNT. Two Sigma Investments LP boosted its position in PennantPark Investment by 24.2% during the 4th quarter. Two Sigma Investments LP now owns 914,375 shares of the asset manager's stock valued at $6,474,000 after buying an additional 178,423 shares during the period. Millennium Management LLC purchased a new stake in PennantPark Investment during the 4th quarter valued at $3,097,000. Truvestments Capital LLC boosted its position in PennantPark Investment by 5.8% during the 4th quarter. Truvestments Capital LLC now owns 382,800 shares of the asset manager's stock valued at $2,710,000 after buying an additional 20,907 shares during the period. NewEdge Wealth LLC lifted its position in shares of PennantPark Investment by 1.2% in the 4th quarter. NewEdge Wealth LLC now owns 286,789 shares of the asset manager's stock worth $2,030,000 after purchasing an additional 3,470 shares during the period. Finally, Condor Capital Management lifted its position in shares of PennantPark Investment by 5.9% in the 4th quarter. Condor Capital Management now owns 197,433 shares of the asset manager's stock worth $1,398,000 after purchasing an additional 10,994 shares during the period. Institutional investors own 26.62% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have recently commented on PNNT shares. LADENBURG THALM/SH SH raised shares of PennantPark Investment to a "hold" rating in a research report on Wednesday, May 14th. Compass Point reiterated a "sell" rating and issued a $5.75 price target (down from $6.00) on shares of PennantPark Investment in a research note on Wednesday, May 21st. JPMorgan Chase & Co. decreased their price target on shares of PennantPark Investment from $7.00 to $6.00 and set a "neutral" rating for the company in a research note on Thursday, April 24th. Finally, Wall Street Zen upgraded shares of PennantPark Investment from a "sell" rating to a "hold" rating in a research note on Wednesday, May 14th.

Insider Buying and Selling

In other news, Director Jose A. Briones purchased 3,640 shares of the company's stock in a transaction on Wednesday, May 14th. The stock was acquired at an average cost of $6.88 per share, for a total transaction of $25,043.20. Following the completion of the transaction, the director now directly owns 268,972 shares in the company, valued at $1,850,527.36. This trade represents a 1.37% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. 3.00% of the stock is currently owned by insiders.

PennantPark Investment Stock Performance

Shares of PNNT stock traded down $0.04 during trading hours on Wednesday, reaching $6.71. The company had a trading volume of 85,887 shares, compared to its average volume of 495,408. The business has a fifty day moving average price of $6.59 and a 200-day moving average price of $6.87. PennantPark Investment Co. has a one year low of $5.72 and a one year high of $8.04. The firm has a market cap of $437.81 million, a PE ratio of 25.77 and a beta of 1.02. The company has a debt-to-equity ratio of 1.56, a quick ratio of 0.47 and a current ratio of 0.47.

PennantPark Investment Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Monday, June 2nd. Investors of record on Thursday, May 15th will be issued a $0.08 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 14.32%. The ex-dividend date is Thursday, May 15th. PennantPark Investment's payout ratio is 640.00%.

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.