Universal Beteiligungs und Servicegesellschaft mbH Acquires Shares of 348,800 PennantPark Investment Co. (NASDAQ:PNNT)

Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in shares of PennantPark Investment Co. (NASDAQ:PNNT - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 348,800 shares of the asset manager's stock, valued at approximately $2,470,000. Universal Beteiligungs und Servicegesellschaft mbH owned approximately 0.53% of PennantPark Investment at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Ameriflex Group Inc. bought a new stake in PennantPark Investment during the 4th quarter valued at $39,000. Two Sigma Advisers LP boosted its position in shares of PennantPark Investment by 10.7% in the 4th quarter. Two Sigma Advisers LP now owns 1,318,818 shares of the asset manager's stock worth $9,337,000 after purchasing an additional 127,100 shares in the last quarter. Two Sigma Investments LP boosted its position in shares of PennantPark Investment by 24.2% in the 4th quarter. Two Sigma Investments LP now owns 914,375 shares of the asset manager's stock worth $6,474,000 after purchasing an additional 178,423 shares in the last quarter. Millennium Management LLC acquired a new stake in shares of PennantPark Investment in the 4th quarter worth $3,097,000. Finally, Bank of America Corp DE boosted its position in shares of PennantPark Investment by 33.6% in the 4th quarter. Bank of America Corp DE now owns 107,104 shares of the asset manager's stock worth $758,000 after purchasing an additional 26,953 shares in the last quarter. Institutional investors own 26.62% of the company's stock.

Insiders Place Their Bets

In other news, Director Jose A. Briones purchased 3,640 shares of the stock in a transaction on Wednesday, May 14th. The stock was bought at an average price of $6.88 per share, with a total value of $25,043.20. Following the transaction, the director now owns 268,972 shares in the company, valued at $1,850,527.36. The trade was a 1.37% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 3.00% of the stock is currently owned by insiders.

PennantPark Investment Stock Performance

PNNT traded up $0.07 on Friday, reaching $6.78. 242,607 shares of the stock were exchanged, compared to its average volume of 494,789. The company's 50-day moving average price is $6.52 and its 200 day moving average price is $6.85. PennantPark Investment Co. has a fifty-two week low of $5.72 and a fifty-two week high of $8.04. The company has a debt-to-equity ratio of 1.56, a current ratio of 0.47 and a quick ratio of 0.47. The firm has a market capitalization of $442.38 million, a PE ratio of 26.06 and a beta of 1.01.

PennantPark Investment Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Tuesday, July 1st. Shareholders of record on Monday, June 16th will be given a dividend of $0.08 per share. The ex-dividend date of this dividend is Monday, June 16th. This represents a $0.96 dividend on an annualized basis and a yield of 14.17%. PennantPark Investment's dividend payout ratio is currently 640.00%.

Analysts Set New Price Targets

PNNT has been the subject of a number of recent analyst reports. Compass Point reissued a "sell" rating and issued a $5.75 price objective (down previously from $6.00) on shares of PennantPark Investment in a research report on Wednesday, May 21st. JPMorgan Chase & Co. lowered their price objective on PennantPark Investment from $7.00 to $6.00 and set a "neutral" rating for the company in a research report on Thursday, April 24th. LADENBURG THALM/SH SH raised PennantPark Investment to a "hold" rating in a research report on Wednesday, May 14th. Finally, Wall Street Zen raised PennantPark Investment from a "sell" rating to a "hold" rating in a research report on Wednesday, May 14th.

PennantPark Investment Company 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.