PennantPark Investment Co. (NASDAQ:PNNT) Stock Position Cut by BI Asset Management Fondsmaeglerselskab A S

BI Asset Management Fondsmaeglerselskab A S decreased its position in shares of PennantPark Investment Co. (NASDAQ:PNNT) by 29.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 82,792 shares of the asset manager’s stock after selling 35,209 shares during the period. BI Asset Management Fondsmaeglerselskab A S owned 0.13% of PennantPark Investment worth $586,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of PNNT. Sanctuary Advisors LLC purchased a new position in PennantPark Investment in the 4th quarter worth about $71,000. Virtu Financial LLC bought a new stake in shares of PennantPark Investment in the 4th quarter valued at approximately $95,000. Crew Capital Management Ltd. acquired a new stake in PennantPark Investment in the fourth quarter valued at approximately $110,000. Strategic Financial Concepts LLC acquired a new stake in shares of PennantPark Investment in the fourth quarter worth $115,000. Finally, Sage Investment Counsel LLC bought a new stake in shares of PennantPark Investment in the 4th quarter worth approximately $127,000. Institutional investors own 26.62% of the company’s stock.

PennantPark Investment Price Performance

NASDAQ:PNNT opened at $6.37 on Thursday. The company has a market capitalization of $415.61 million, a price-to-earnings ratio of 24.48 and a beta of 1.09. 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 Co. has a 52 week low of $5.72 and a 52 week high of $8.04. The company has a 50-day moving average of $6.83 and a 200-day moving average of $6.93.

PennantPark Investment Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Thursday, May 1st. Shareholders of record on Tuesday, April 15th will be given a $0.08 dividend. The ex-dividend date is Tuesday, April 15th. This represents a $0.96 dividend on an annualized basis and a yield of 15.08%. PennantPark Investment’s dividend payout ratio (DPR) is presently 369.23%.

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.