Putnam Mast Int (NYSE:PIM) Trading 0.3% Higher – Here’s What Happened

Putnam Mast Int (NYSE:PIM) was up 0.3% on Thursday . The company traded as high as $3.18 and last traded at $3.1690. Approximately 39,652 shares changed hands during trading, a decline of 15% from the average daily volume of 46,676 shares. The stock had previously closed at $3.16.

Putnam Mast Int Price Performance

The stock has a 50-day moving average of $3.17 and a two-hundred day moving average of $3.21.

Putnam Mast Int Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Monday, November 30th. Investors of record on Friday, November 20th will be issued a dividend of $0.022 per share. The ex-dividend date of this dividend is Friday, November 20th. This represents a c) annualized dividend and a dividend yield of 8.3%.

Hedge Funds Weigh In On Putnam Mast Int

A number of large investors have recently added to or reduced their stakes in PIM. Weaver Consulting Group boosted its position in Putnam Mast Int by 20.0% during the fourth quarter. Weaver Consulting Group now owns 42,000 shares of the company’s stock valued at $140,000 after buying an additional 7,000 shares during the period. Raymond James Financial Inc. purchased a new position in shares of Putnam Mast Int in the second quarter worth about $25,000. Fortitude Advisory Group L.L.C. lifted its stake in shares of Putnam Mast Int by 17.6% in the 2nd quarter. Fortitude Advisory Group L.L.C. now owns 62,135 shares of the company’s stock valued at $201,000 after acquiring an additional 9,316 shares during the last quarter. OMC Financial Services LTD bought a new stake in shares of Putnam Mast Int in the 2nd quarter valued at about $81,000. Finally, Maridea Wealth Management LLC purchased a new stake in Putnam Mast Int during the 2nd quarter valued at about $91,000. Hedge funds and other institutional investors own 55.06% of the company’s stock.

Putnam Mast Int Company Profile

Putnam Master International (NYSE:PIM) is a closed-end management investment company that seeks long-term capital appreciation by investing primarily in equity securities of non-U.S. companies. The fund maintains a diversified portfolio spanning developed and emerging markets, with a focus on identifying businesses offering strong growth potential, attractive valuations and sound corporate governance. Shares of PIM trade on the NYSE, providing investors with a fixed capital structure and the opportunity to gain exposure to global equity markets through a single vehicle.

The fund’s investment team, managed by Putnam Retail Management LP, conducts bottom-up fundamental analysis to select holdings across multiple industries and geographies.