PennantPark Investment Co. (NASDAQ:PNNT) Holdings Boosted by International Assets Investment Management LLC

International Assets Investment Management LLC raised its position in shares of PennantPark Investment Co. (NASDAQ:PNNT - Free Report) by 599.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 219,137 shares of the asset manager's stock after acquiring an additional 187,787 shares during the period. International Assets Investment Management LLC owned approximately 0.34% of PennantPark Investment worth $1,532,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in PNNT. Brookstone Capital Management purchased a new position in shares of PennantPark Investment in the 2nd quarter valued at $105,000. EMC Capital Management lifted its stake in shares of PennantPark Investment by 10.5% during the first quarter. EMC Capital Management now owns 31,789 shares of the asset manager's stock worth $219,000 after purchasing an additional 3,014 shares in the last quarter. Founders Financial Alliance LLC boosted its position in shares of PennantPark Investment by 28.0% in the second quarter. Founders Financial Alliance LLC now owns 47,259 shares of the asset manager's stock worth $357,000 after buying an additional 10,339 shares during the period. CANADA LIFE ASSURANCE Co grew its stake in shares of PennantPark Investment by 6.0% in the first quarter. CANADA LIFE ASSURANCE Co now owns 60,529 shares of the asset manager's stock valued at $416,000 after buying an additional 3,402 shares in the last quarter. Finally, Commonwealth Equity Services LLC raised its holdings in shares of PennantPark Investment by 50.2% during the 1st quarter. Commonwealth Equity Services LLC now owns 79,415 shares of the asset manager's stock valued at $546,000 after buying an additional 26,551 shares during the period. 26.62% of the stock is currently owned by institutional investors and hedge funds.

PennantPark Investment Stock Down 3.2 %

Shares of NASDAQ:PNNT traded down $0.22 during trading on Monday, hitting $6.64. The company's stock had a trading volume of 765,639 shares, compared to its average volume of 444,486. PennantPark Investment Co. has a fifty-two week low of $6.31 and a fifty-two week high of $8.04. The stock's 50-day moving average price is $6.97 and its two-hundred day moving average price is $7.19. The company has a debt-to-equity ratio of 1.54, a quick ratio of 0.90 and a current ratio of 0.90. The company has a market capitalization of $433.57 million, a PE ratio of 10.06 and a beta of 1.52.

PennantPark Investment (NASDAQ:PNNT - Get Free Report) last released its earnings results on Wednesday, August 7th. The asset manager reported $0.24 EPS for the quarter, beating the consensus estimate of $0.22 by $0.02. The company had revenue of $37.00 million during the quarter, compared to analysts' expectations of $36.31 million. PennantPark Investment had a return on equity of 12.29% and a net margin of 30.24%. As a group, sell-side analysts expect that PennantPark Investment Co. will post 0.93 EPS for the current year.

PennantPark Investment Announces Dividend

The business also recently announced a monthly dividend, which was paid on Friday, November 1st. Stockholders of record on Wednesday, October 16th were paid a $0.08 dividend. The ex-dividend date of this dividend was Wednesday, October 16th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 14.46%. PennantPark Investment's dividend payout ratio (DPR) is presently 145.45%.

Wall Street Analyst Weigh In

Several analysts have issued reports on the stock. StockNews.com downgraded shares of PennantPark Investment from a "hold" rating to a "sell" rating in a research report on Friday, August 9th. Compass Point upgraded shares of PennantPark Investment from a "sell" rating to a "neutral" rating and set a $6.00 target price for the company in a research note on Monday, September 9th.

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.