PennantPark Investment Co. (NASDAQ:PNNT) Stock Holdings Lowered by Origin Asset Management LLP

Origin Asset Management LLP reduced its position in PennantPark Investment Co. (NASDAQ:PNNT) by 15.2% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 23,950 shares of the asset manager’s stock after selling 4,300 shares during the period. PennantPark Investment comprises approximately 0.0% of Origin Asset Management LLP’s holdings, making the stock its 10th largest position. Origin Asset Management LLP’s holdings in PennantPark Investment were worth $165,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in PNNT. SG Americas Securities LLC purchased a new position in shares of PennantPark Investment in the third quarter worth $495,000. Commonwealth Equity Services LLC raised its position in PennantPark Investment by 54.3% in the 3rd quarter. Commonwealth Equity Services LLC now owns 48,586 shares of the asset manager’s stock worth $320,000 after buying an additional 17,097 shares during the last quarter. Cambridge Investment Research Advisors Inc. lifted its stake in PennantPark Investment by 4.0% during the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 88,864 shares of the asset manager’s stock valued at $585,000 after acquiring an additional 3,387 shares during the period. Raymond James Financial Services Advisors Inc. grew its stake in shares of 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 worth $204,000 after acquiring an additional 2,640 shares during the period. Finally, Hennion & Walsh Asset Management Inc. raised its holdings in shares of PennantPark Investment by 346.7% during the third quarter. Hennion & Walsh Asset Management Inc. now owns 188,990 shares of the asset manager’s stock valued at $1,244,000 after purchasing an additional 146,682 shares during the last quarter. 26.62% of the stock is owned by institutional investors.

Insider Buying and Selling at PennantPark Investment

In other news, CFO Richard T. Allorto, Jr. bought 5,000 shares of the firm’s stock in a transaction on Tuesday, March 12th. The shares were bought at an average price of $6.80 per share, for a total transaction of $34,000.00. Following the purchase, the chief financial officer now owns 15,000 shares in the company, valued at $102,000. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other PennantPark Investment news, CFO Richard T. Allorto, Jr. purchased 5,000 shares of the business’s stock in a transaction on Tuesday, March 12th. The stock was acquired at an average price of $6.80 per share, for a total transaction of $34,000.00. Following the purchase, the chief financial officer now owns 15,000 shares of the company’s stock, valued at approximately $102,000. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Jose A. Briones acquired 7,450 shares of the company’s stock in a transaction dated Friday, February 9th. The stock was acquired at an average cost of $6.70 per share, with a total value of $49,915.00. Following the purchase, the director now owns 251,735 shares of the company’s stock, valued at $1,686,624.50. The disclosure for this purchase can be found here. Over the last quarter, insiders purchased 22,372 shares of company stock valued at $151,258. Company insiders own 3.00% of the company’s stock.

PennantPark Investment Stock Performance

PennantPark Investment stock traded up $0.03 during midday trading on Thursday, reaching $7.08. 207,001 shares of the company traded hands, compared to its average volume of 430,573. The company has a debt-to-equity ratio of 1.39, a current ratio of 0.81 and a quick ratio of 0.81. PennantPark Investment Co. has a 12 month low of $4.70 and a 12 month high of $7.27. The firm has a market capitalization of $461.76 million, a price-to-earnings ratio of 9.52 and a beta of 1.49. The business has a 50 day moving average of $6.85 and a two-hundred day moving average of $6.74.

PennantPark Investment (NASDAQ:PNNT) last released its quarterly earnings results on Wednesday, February 7th. The asset manager reported $0.24 earnings per share for the quarter, beating the consensus estimate of $0.23 by $0.01. PennantPark Investment had a return on equity of 14.17% and a net margin of 32.55%. The firm had revenue of $34.34 million for the quarter, compared to analysts’ expectations of $32.49 million. As a group, research analysts predict that PennantPark Investment Co. will post 0.94 earnings per share for the current year.

PennantPark Investment Dividend Announcement

The business also recently disclosed a monthly dividend, which was paid on Wednesday, May 1st. Stockholders of record on Monday, April 15th were paid a $0.07 dividend. The ex-dividend date of this dividend was Friday, April 12th. This represents a $0.84 annualized dividend and a dividend yield of 11.86%. PennantPark Investment’s dividend payout ratio (DPR) is 113.52%.

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.