LSV Asset Management Trims Stake in PennantPark Investment Co. (NASDAQ:PNNT)

LSV Asset Management cut its stake in shares of PennantPark Investment Co. (NASDAQ:PNNT - Free Report) by 4.5% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,895,463 shares of the asset manager's stock after selling 89,500 shares during the quarter. LSV Asset Management owned 2.90% of PennantPark Investment worth $13,420,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Cornerstone Wealth Management LLC grew its holdings in shares of PennantPark Investment by 2.8% in the fourth quarter. Cornerstone Wealth Management LLC now owns 118,991 shares of the asset manager's stock worth $842,000 after purchasing an additional 3,210 shares during the last quarter. Thrivent Financial for Lutherans increased its position in shares of PennantPark Investment by 7.6% in the fourth quarter. Thrivent Financial for Lutherans now owns 46,704 shares of the asset manager's stock valued at $331,000 after acquiring an additional 3,283 shares during the period. NewEdge Wealth LLC raised its stake in shares of PennantPark Investment by 1.2% during the fourth quarter. NewEdge Wealth LLC now owns 286,789 shares of the asset manager's stock valued at $2,030,000 after acquiring an additional 3,470 shares during the last quarter. Founders Financial Alliance LLC boosted its holdings in shares of PennantPark Investment by 8.0% during the fourth quarter. Founders Financial Alliance LLC now owns 58,642 shares of the asset manager's stock worth $415,000 after purchasing an additional 4,352 shares during the period. Finally, Wells Fargo & Company MN increased its holdings in PennantPark Investment by 17.6% during the 4th quarter. Wells Fargo & Company MN now owns 41,004 shares of the asset manager's stock valued at $290,000 after purchasing an additional 6,145 shares during the period. 26.62% of the stock is currently owned by institutional investors.

PennantPark Investment Trading Up 2.0 %

NASDAQ PNNT traded up $0.13 on Friday, hitting $6.33. The company's stock had a trading volume of 455,733 shares, compared to its average volume of 487,697. The firm has a market cap of $413.00 million, a P/E ratio of 24.33 and a beta of 1.09. PennantPark Investment Co. has a 52-week low of $5.72 and a 52-week high of $8.04. The company's 50-day simple moving average is $6.90 and its 200 day simple moving average is $6.95. The company has a current ratio of 0.47, a quick ratio of 0.47 and a debt-to-equity ratio of 1.56.

PennantPark Investment Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Thursday, May 1st. Shareholders of record on Tuesday, April 15th will be given a dividend of $0.08 per share. This represents a $0.96 dividend on an annualized basis and a yield of 15.18%. The ex-dividend date of this dividend is Tuesday, April 15th. PennantPark Investment's payout ratio is currently 369.23%.

PennantPark Investment Company 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.