XTX Topco Ltd Takes Position in PennantPark Investment Co. (NASDAQ:PNNT)

XTX Topco Ltd bought a new position in PennantPark Investment Co. (NASDAQ:PNNT - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 45,210 shares of the asset manager's stock, valued at approximately $320,000. XTX Topco Ltd owned approximately 0.07% of PennantPark Investment at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of the business. Sanctuary Advisors LLC acquired a new position in PennantPark Investment in the fourth quarter worth $71,000. Grimes & Company Inc. acquired a new position in PennantPark Investment during the 4th quarter worth about $443,000. Raymond James Financial Inc. acquired a new position in PennantPark Investment during the 4th quarter worth about $632,000. Strategic Financial Concepts LLC bought a new stake in PennantPark Investment during the 4th quarter worth about $115,000. Finally, Janney Montgomery Scott LLC increased its position in PennantPark Investment by 12.1% in the 4th quarter. Janney Montgomery Scott LLC now owns 130,907 shares of the asset manager's stock valued at $927,000 after acquiring an additional 14,124 shares in the last quarter. 26.62% of the stock is currently owned by institutional investors.

PennantPark Investment Trading Up 1.6 %

PennantPark Investment stock traded up $0.11 during mid-day trading on Monday, hitting $6.58. The stock had a trading volume of 226,006 shares, compared to its average volume of 485,294. The stock has a 50-day simple moving average of $6.80 and a two-hundred day simple moving average of $6.92. The company has a current ratio of 0.47, a quick ratio of 0.47 and a debt-to-equity ratio of 1.56. The stock has a market capitalization of $429.32 million, a PE ratio of 25.29 and a beta of 1.09. PennantPark Investment Co. has a 12 month low of $5.72 and a 12 month high of $8.04.

PennantPark Investment Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Thursday, May 1st. Stockholders of record on Tuesday, April 15th will be paid a $0.08 dividend. This represents a $0.96 annualized dividend and a dividend yield of 14.60%. The ex-dividend date of this dividend is Tuesday, April 15th. PennantPark Investment's dividend payout ratio (DPR) is presently 369.23%.

Wall Street Analysts Forecast Growth

Separately, JPMorgan Chase & Co. reduced their target price on shares of PennantPark Investment from $7.00 to $6.00 and set a "neutral" rating on the stock in a research report on Thursday. One equities research analyst has rated the stock with a sell rating and five have issued a hold rating to the company. According to MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $6.00.

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.