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

Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in shares of PennantPark Investment Co. (NASDAQ:PNNT - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 348,800 shares of the asset manager's stock, valued at approximately $2,470,000. Universal Beteiligungs und Servicegesellschaft mbH owned 0.53% of PennantPark Investment at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Ameriflex Group Inc. bought a new position in shares of PennantPark Investment in the fourth quarter worth about $39,000. Two Sigma Advisers LP raised its stake in PennantPark Investment by 10.7% during the fourth quarter. Two Sigma Advisers LP now owns 1,318,818 shares of the asset manager's stock valued at $9,337,000 after purchasing an additional 127,100 shares in the last quarter. Two Sigma Investments LP lifted its holdings 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 valued at $6,474,000 after acquiring an additional 178,423 shares during the last quarter. Millennium Management LLC bought a new stake in PennantPark Investment in the fourth quarter worth $3,097,000. Finally, Bank of America Corp DE grew its holdings in PennantPark Investment by 33.6% during the 4th quarter. Bank of America Corp DE now owns 107,104 shares of the asset manager's stock valued at $758,000 after purchasing an additional 26,953 shares during the last quarter. 26.62% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

PNNT has been the topic of several research reports. LADENBURG THALM/SH SH upgraded PennantPark Investment to a "hold" rating in a research note on Wednesday, May 14th. Compass Point restated 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. Wall Street Zen raised PennantPark Investment from a "sell" rating to a "hold" rating in a research note on Wednesday, May 14th. Finally, JPMorgan Chase & Co. reduced their target price on PennantPark Investment from $7.00 to $6.00 and set a "neutral" rating for the company in a report on Thursday, April 24th.

Insider Buying and Selling

In other news, Director Jose A. Briones bought 3,640 shares of the firm's stock in a transaction dated 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 purchase, the director now owns 268,972 shares of the company's stock, valued at $1,850,527.36. This trade represents a 1.37% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 3.00% of the company's stock.

PennantPark Investment Stock Performance

PNNT traded down $0.06 during trading on Wednesday, hitting $6.67. The stock had a trading volume of 304,237 shares, compared to its average volume of 496,442. The firm has a market capitalization of $435.52 million, a P/E ratio of 25.65 and a beta of 1.01. PennantPark Investment Co. has a twelve month low of $5.72 and a twelve month high of $8.04. The company's 50-day moving average price is $6.54 and its 200 day moving average price is $6.86. 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 Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Tuesday, July 1st. Investors of record on Monday, June 16th will be paid a $0.08 dividend. The ex-dividend date is Monday, June 16th. This represents a $0.96 annualized dividend and a yield of 14.39%. PennantPark Investment's payout ratio is currently 640.00%.

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.