Trexquant Investment LP Sells 32,083 Shares of PennantPark Investment Co. (NASDAQ:PNNT)

Trexquant Investment LP lessened its holdings in shares of PennantPark Investment Co. (NASDAQ:PNNT) by 22.4% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 111,253 shares of the asset manager’s stock after selling 32,083 shares during the period. Trexquant Investment LP owned 0.17% of PennantPark Investment worth $788,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in PNNT. Verition Fund Management LLC acquired a new position in PennantPark Investment during the 3rd quarter worth about $74,000. Sterneck Capital Management LLC lifted its position in shares of PennantPark Investment by 44.0% during the fourth quarter. Sterneck Capital Management LLC now owns 67,932 shares of the asset manager’s stock worth $481,000 after purchasing an additional 20,770 shares in the last quarter. Janney Montgomery Scott LLC lifted its position in shares of PennantPark Investment by 12.1% during the fourth quarter. Janney Montgomery Scott LLC now owns 130,907 shares of the asset manager’s stock worth $927,000 after purchasing an additional 14,124 shares in the last quarter. Cornerstone Wealth Management LLC grew its stake in shares of PennantPark Investment by 2.8% during the fourth quarter. Cornerstone Wealth Management LLC now owns 118,991 shares of the asset manager’s stock valued at $842,000 after purchasing an additional 3,210 shares during the last quarter. Finally, Grimes & Company Inc. acquired a new stake in shares of PennantPark Investment in the fourth quarter valued at approximately $443,000. Institutional investors own 26.62% of the company’s stock.

PennantPark Investment Stock Down 1.2 %

NASDAQ:PNNT opened at $6.20 on Friday. The company has a market cap of $404.51 million, a price-to-earnings ratio of 23.83 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. The stock’s fifty day moving average price is $6.97 and its two-hundred day moving average price is $6.97. PennantPark Investment Co. has a 52-week low of $5.72 and a 52-week high of $8.04.

PennantPark Investment Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Thursday, May 1st. Investors of record on Tuesday, April 15th will be issued a $0.08 dividend. This represents a $0.96 annualized dividend and a yield of 15.50%. The ex-dividend date is Tuesday, April 15th. PennantPark Investment’s dividend payout ratio 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.