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

Putnam Mast Int (NYSE:PIM)’s stock price traded up 1.4% during mid-day trading on Friday . The stock traded as high as $3.26 and last traded at $3.2250. 256,848 shares traded hands 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 Price Performance

The business has a 50-day moving average of $3.22 and a 200-day moving average of $3.27.

Putnam Mast Int Dividend Announcement

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

Institutional Trading of Putnam Mast Int

A number of large investors have recently made changes to their positions in PIM. Raymond James Financial Inc. acquired a new stake in shares of Putnam Mast Int in the 2nd quarter valued at about $25,000. Landscape Capital Management L.L.C. acquired a new stake in shares of Putnam Mast Int in the 4th quarter valued at about $45,000. Northstar Financial Companies Inc. acquired a new stake in Putnam Mast Int during the 1st quarter worth approximately $49,000. M3 Wealth Management LLC purchased a new position in shares of Putnam Mast Int in the 4th quarter valued at approximately $68,000. Finally, Integrity Advisory Solutions LLC purchased a new position in shares of Putnam Mast Int in the 4th quarter valued at approximately $73,000. 55.06% of the stock is owned by institutional investors and hedge funds.

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.