Putnam Mast Int (NYSE:PIM) Shares Down 0.2% - Here's Why

Key Points

• Shares of Putnam Master International (NYSE:PIM) were down about 0.2% to $3.2150 midday, trading ~92,739 shares (roughly 13% below average volume); the 50‑day and 200‑day moving averages are $3.25 and $3.30, respectively.
• The fund declared a monthly dividend of $0.022 per share (annualized yield ~8.2%), payable May 29 to holders of record on May 21 with an ex‑dividend date of May 21.
• Institutional investors own about 55.06% of the stock, with recent stake increases by Consolidated Portfolio Review, Weaver Consulting and WealthTrust Axiom and new/small positions from Raymond James and Landscape Capital.

Putnam Mast Int (NYSE:PIM - Get Free Report) shares were down 0.2% during mid-day trading on Monday . The stock traded as low as $3.21 and last traded at $3.2150. Approximately 92,739 shares traded hands during mid-day trading, a decline of 13% from the average daily volume of 107,179 shares. The stock had previously closed at $3.22.

Putnam Mast Int Stock Down 0.2%

The company's 50 day moving average price is $3.25 and its 200 day moving average price is $3.30.

Putnam Mast Int Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Friday, May 29th. Investors of record on Thursday, May 21st will be issued a dividend of $0.022 per share. This represents a c) annualized dividend and a yield of 8.2%. The ex-dividend date of this dividend is Thursday, May 21st.

Institutional Investors Weigh In On Putnam Mast Int

Institutional investors have recently added to or reduced their stakes in the business. Consolidated Portfolio Review Corp raised its stake in shares of Putnam Mast Int by 1.1% during the 3rd quarter. Consolidated Portfolio Review Corp now owns 367,187 shares of the company's stock worth $1,263,000 after buying an additional 3,990 shares in the last quarter. Weaver Consulting Group boosted its stake in shares of Putnam Mast Int by 20.0% in the fourth quarter. Weaver Consulting Group now owns 42,000 shares of the company's stock valued at $140,000 after buying an additional 7,000 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in shares of Putnam Mast Int in the second quarter valued at approximately $25,000. WealthTrust Axiom LLC grew its holdings in Putnam Mast Int by 11.3% during the fourth quarter. WealthTrust Axiom LLC now owns 108,000 shares of the company's stock worth $361,000 after acquiring an additional 11,000 shares during the period. Finally, Landscape Capital Management L.L.C. acquired a new position in Putnam Mast Int during the fourth quarter worth $45,000. Hedge funds and other institutional investors own 55.06% of the company's stock.

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.

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