TrueMark Investments LLC Has $165,000 Stock Holdings in PennantPark Investment Co. (NASDAQ:PNNT)

TrueMark Investments LLC trimmed its position in PennantPark Investment Co. (NASDAQ:PNNT) by 25.4% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 23,313 shares of the asset manager’s stock after selling 7,944 shares during the quarter. TrueMark Investments LLC’s holdings in PennantPark Investment were worth $165,000 as of its most recent SEC filing.

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

Analyst Ratings Changes

Separately, LADENBURG THALM/SH SH cut shares of PennantPark Investment from a “buy” rating to a “neutral” rating in a research note on Wednesday, November 27th. One research analyst has rated the stock with a sell rating and four have given a hold rating to the company. Based on data from MarketBeat.com, PennantPark Investment presently has a consensus rating of “Hold” and an average price target of $6.00.

PennantPark Investment Stock Performance

NASDAQ:PNNT opened at $7.20 on Thursday. The stock has a 50 day simple moving average of $7.09 and a 200 day simple moving average of $7.00. The stock has a market cap of $469.80 million, a P/E ratio of 27.67 and a beta of 1.45. PennantPark Investment Co. has a 1-year low of $6.43 and a 1-year high of $8.04. 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 Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Friday, March 14th will be given a $0.08 dividend. The ex-dividend date is Friday, March 14th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 13.34%. PennantPark Investment’s payout ratio is presently 369.23%.

About PennantPark Investment

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.