26,893 Shares in PennantPark Investment Co. (NASDAQ:PNNT) Purchased 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, according to its most recent 13F filing with the SEC. The institutional investor bought 26,893 shares of the asset manager’s stock, valued at approximately $190,000.

Several other hedge funds also recently modified their holdings of the company. Sanctuary Advisors LLC purchased a new position in shares of PennantPark Investment during the fourth quarter valued at approximately $71,000. Verition Fund Management LLC purchased a new position in shares of PennantPark Investment during the 3rd quarter worth $74,000. Virtu Financial LLC purchased a new position in shares of PennantPark Investment during the 4th quarter worth $95,000. Crew Capital Management Ltd. acquired a new stake in shares of PennantPark Investment during the fourth quarter worth $110,000. Finally, Strategic Financial Concepts LLC purchased a new stake in shares of PennantPark Investment in the fourth quarter valued at $115,000. 26.62% of the stock is owned by institutional investors and hedge funds.

PennantPark Investment Stock Performance

PennantPark Investment stock opened at $6.36 on Wednesday. The stock has a fifty day moving average price of $6.94 and a 200 day moving average price of $6.96. 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 Co. has a 52 week low of $5.72 and a 52 week high of $8.04. The firm has a market capitalization of $414.96 million, a P/E ratio of 24.44 and a beta of 1.09.

PennantPark Investment Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Thursday, May 1st. Stockholders of record on Tuesday, April 15th will be issued a dividend of $0.08 per share. The ex-dividend date is Tuesday, April 15th. This represents a $0.96 annualized dividend and a dividend yield of 15.11%. PennantPark Investment’s payout ratio is currently 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.