Virtu Financial LLC Invests $95,000 in PennantPark Investment Co. (NASDAQ:PNNT)

Virtu Financial LLC purchased a new position in shares of PennantPark Investment Co. (NASDAQ:PNNT) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 13,417 shares of the asset manager’s stock, valued at approximately $95,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of PNNT. Condor Capital Management boosted its holdings in shares of PennantPark Investment by 5.9% in the fourth quarter. Condor Capital Management now owns 197,433 shares of the asset manager’s stock valued at $1,398,000 after acquiring an additional 10,994 shares in the last quarter. Thrivent Financial for Lutherans boosted its holdings in PennantPark Investment by 7.6% in the 4th quarter. Thrivent Financial for Lutherans now owns 46,704 shares of the asset manager’s stock valued at $331,000 after purchasing an additional 3,283 shares in the last quarter. Truvestments Capital LLC increased its position in PennantPark Investment by 5.8% during the 4th quarter. Truvestments Capital LLC now owns 382,800 shares of the asset manager’s stock worth $2,710,000 after purchasing an additional 20,907 shares during the period. Founders Financial Alliance LLC raised its stake in shares of PennantPark Investment by 8.0% during the 4th quarter. Founders Financial Alliance LLC now owns 58,642 shares of the asset manager’s stock worth $415,000 after buying an additional 4,352 shares in the last quarter. Finally, Raymond James Financial Inc. acquired a new stake in shares of PennantPark Investment in the 4th quarter valued at approximately $632,000. 26.62% of the stock is currently owned by hedge funds and other institutional investors.

PennantPark Investment Trading Down 1.9 %

Shares of PNNT stock opened at $7.06 on Monday. The business’s fifty day moving average price is $7.09 and its 200 day moving average price is $7.01. The firm has a market capitalization of $460.66 million, a PE ratio of 27.14 and a beta of 1.45. The company has a debt-to-equity ratio of 1.56, a current ratio of 0.47 and a quick ratio of 0.47. PennantPark Investment Co. has a 1-year low of $6.43 and a 1-year high of $8.04.

PennantPark Investment Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, April 1st. Investors of record on Friday, March 14th will be paid a $0.08 dividend. This represents a $0.96 annualized dividend and a dividend yield of 13.61%. The ex-dividend date of this dividend is Friday, March 14th. PennantPark Investment’s dividend payout ratio (DPR) is 369.23%.

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.