26,893 Shares in PennantPark Investment Co. (NASDAQ:PNNT) Bought by LaSalle St. Investment Advisors LLC

LaSalle St. Investment Advisors LLC bought a new stake in PennantPark Investment Co. (NASDAQ:PNNT) during the fourth quarter, Holdings Channel reports. The fund bought 26,893 shares of the asset manager’s stock, valued at approximately $190,000.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Sanctuary Advisors LLC purchased a new position in shares of PennantPark Investment in the 4th quarter valued at $71,000. Verition Fund Management LLC acquired a new stake in PennantPark Investment in the 3rd quarter valued at $74,000. Virtu Financial LLC purchased a new position in PennantPark Investment in the fourth quarter valued at about $95,000. Crew Capital Management Ltd. purchased a new position in PennantPark Investment in the fourth quarter valued at about $110,000. Finally, Strategic Financial Concepts LLC acquired a new position in shares of PennantPark Investment during the fourth quarter worth about $115,000. Hedge funds and other institutional investors own 26.62% of the company’s stock.

PennantPark Investment Price Performance

PNNT stock opened at $6.36 on Wednesday. The firm has a market cap of $414.96 million, a P/E ratio of 24.44 and a beta of 1.09. The company has a debt-to-equity ratio of 1.56, a quick ratio of 0.47 and a current ratio of 0.47. PennantPark Investment Co. has a 1 year low of $5.72 and a 1 year high of $8.04. The stock has a 50-day simple moving average of $6.94 and a 200-day simple moving average of $6.96.

PennantPark Investment Dividend Announcement

The company 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 $0.08 dividend. This represents a $0.96 annualized dividend and a yield of 15.11%. The ex-dividend date is Tuesday, April 15th. PennantPark Investment’s dividend payout ratio (DPR) is 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.