Putnam Mast Int (NYSE:PIM) Trading 1.4% Higher – Should You Buy?

Putnam Mast Int (NYSE:PIM) traded up 1.4% on Friday . The company traded as high as $3.26 and last traded at $3.2250. 256,848 shares were traded during trading, an increase of 250% from the average session volume of 73,328 shares. The stock had previously closed at $3.18.

Putnam Mast Int Trading Up 1.4%

The business has a fifty day moving average price of $3.22 and a two-hundred day moving average price of $3.27.

Putnam Mast Int Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Monday, August 31st. Investors of record on Monday, August 24th will be issued a $0.022 dividend. This represents a c) annualized dividend and a yield of 8.2%. The ex-dividend date is Monday, August 24th.

Institutional Trading of Putnam Mast Int

Several institutional investors have recently added to or reduced their stakes in PIM. Raymond James Financial Inc. purchased a new stake in shares of Putnam Mast Int in the 2nd quarter valued at $25,000. Thrivent Financial for Lutherans acquired a new position in Putnam Mast Int during the 3rd quarter worth $113,000. Invictus Private Wealth LLC acquired a new position in Putnam Mast Int during the 3rd quarter worth $264,000. Consolidated Portfolio Review Corp raised its stake in Putnam Mast Int by 1.1% in the third quarter. Consolidated Portfolio Review Corp now owns 367,187 shares of the company’s stock valued at $1,263,000 after buying an additional 3,990 shares in the last quarter. Finally, Comerica Bank raised its stake in Putnam Mast Int by 281.4% in the third quarter. Comerica Bank now owns 35,092 shares of the company’s stock valued at $121,000 after buying an additional 25,892 shares in the last quarter. Institutional investors and hedge funds own 55.06% of the company’s stock.

Putnam Mast Int Company Profile

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.