International Assets Investment Management LLC Has $1.50 Million Position in PennantPark Investment Co. (NASDAQ:PNNT)

International Assets Investment Management LLC increased its position in shares of PennantPark Investment Co. (NASDAQ:PNNT - Free Report) by 1,055.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 216,629 shares of the asset manager's stock after acquiring an additional 197,879 shares during the quarter. International Assets Investment Management LLC owned about 0.33% of PennantPark Investment worth $1,497,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Raymond James Financial Services Advisors Inc. boosted its position in PennantPark Investment by 9.3% in the third quarter. Raymond James Financial Services Advisors Inc. now owns 31,042 shares of the asset manager's stock valued at $204,000 after buying an additional 2,640 shares during the last quarter. Caxton Associates LP increased its stake in shares of PennantPark Investment by 6.0% in the third quarter. Caxton Associates LP now owns 48,210 shares of the asset manager's stock worth $317,000 after acquiring an additional 2,734 shares during the period. Cambridge Investment Research Advisors Inc. lifted its position in PennantPark Investment by 4.0% during the third quarter. Cambridge Investment Research Advisors Inc. now owns 88,864 shares of the asset manager's stock valued at $585,000 after purchasing an additional 3,387 shares during the period. Golden Green Inc. boosted its position in PennantPark Investment by 2.0% during the third quarter. Golden Green Inc. now owns 252,512 shares of the asset manager's stock worth $1,662,000 after purchasing an additional 4,854 shares in the last quarter. Finally, Quadrature Capital Ltd increased its position in shares of PennantPark Investment by 27.2% in the third quarter. Quadrature Capital Ltd now owns 23,126 shares of the asset manager's stock valued at $152,000 after buying an additional 4,940 shares in the last quarter. 26.62% of the stock is currently owned by hedge funds and other institutional investors.

PennantPark Investment Price Performance

Shares of NASDAQ:PNNT traded up $0.07 during midday trading on Monday, reaching $7.08. 404,158 shares of the company's stock traded hands, compared to its average volume of 432,290. The company has a market cap of $461.43 million, a P/E ratio of 6.43 and a beta of 1.52. The company has a fifty day simple moving average of $6.78 and a two-hundred day simple moving average of $6.69. The company has a debt-to-equity ratio of 1.39, a quick ratio of 0.81 and a current ratio of 0.81. PennantPark Investment Co. has a 1 year low of $4.70 and a 1 year high of $7.27.

PennantPark Investment (NASDAQ:PNNT - Get Free Report) last announced its earnings results on Wednesday, February 7th. The asset manager reported $0.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.23 by $0.01. The business had revenue of $34.34 million for the quarter, compared to analyst estimates of $32.49 million. PennantPark Investment had a net margin of 32.55% and a return on equity of 14.17%. Equities analysts predict that PennantPark Investment Co. will post 0.94 EPS for the current fiscal year.

PennantPark Investment Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Wednesday, May 1st. Stockholders of record on Monday, April 15th will be paid a $0.07 dividend. The ex-dividend date of this dividend is Friday, April 12th. This represents a $0.84 annualized dividend and a dividend yield of 11.87%. PennantPark Investment's dividend payout ratio (DPR) is 113.52%.

Insider Activity

In other PennantPark Investment news, CFO Richard T. Allorto, Jr. purchased 5,000 shares of the firm's stock in a transaction dated Tuesday, March 12th. The shares were acquired at an average price of $6.80 per share, with a total value of $34,000.00. Following the purchase, the chief financial officer now directly owns 15,000 shares in the company, valued at approximately $102,000. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. In other news, Director Jose A. Briones purchased 7,450 shares of the stock in a transaction dated Friday, February 9th. The stock was acquired at an average cost of $6.70 per share, for a total transaction of $49,915.00. Following the completion of the transaction, the director now directly owns 251,735 shares in the company, valued at approximately $1,686,624.50. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CFO Richard T. Allorto, Jr. acquired 5,000 shares of the business's stock in a transaction that occurred on Tuesday, March 12th. The stock was purchased at an average price of $6.80 per share, for a total transaction of $34,000.00. Following the acquisition, the chief financial officer now directly owns 15,000 shares in the company, valued at approximately $102,000. The disclosure for this purchase can be found here. In the last 90 days, insiders have bought 22,372 shares of company stock valued at $151,258. 3.00% of the stock is currently owned by company insiders.

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.