PennantPark Investment Co. (NASDAQ:PNNT) Holdings Decreased by Jane Street Group LLC

Jane Street Group LLC trimmed its holdings in shares of PennantPark Investment Co. (NASDAQ:PNNT) by 67.6% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 14,291 shares of the asset manager’s stock after selling 29,804 shares during the period. Jane Street Group LLC’s holdings in PennantPark Investment were worth $100,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently bought and sold shares of the company. Verition Fund Management LLC acquired a new position in shares of PennantPark Investment in the 3rd quarter valued at about $74,000. Quantbot Technologies LP acquired a new position in PennantPark Investment in the 3rd quarter valued at approximately $133,000. Paloma Partners Management Co purchased a new stake in PennantPark Investment in the 3rd quarter worth approximately $173,000. Kovack Advisors Inc. lifted its position in PennantPark Investment by 4.6% in the 3rd quarter. Kovack Advisors Inc. now owns 45,350 shares of the asset manager’s stock worth $317,000 after buying an additional 2,000 shares in the last quarter. Finally, Founders Financial Alliance LLC boosted its stake in shares of PennantPark Investment by 28.0% during the 2nd quarter. Founders Financial Alliance LLC now owns 47,259 shares of the asset manager’s stock valued at $357,000 after buying an additional 10,339 shares during the period. 26.62% of the stock is owned by hedge funds and other institutional investors.

PennantPark Investment Trading Up 0.7 %

NASDAQ:PNNT opened at $7.15 on Wednesday. The company has a debt-to-equity ratio of 1.56, a quick ratio of 0.51 and a current ratio of 0.51. The company has a market capitalization of $466.87 million, a P/E ratio of 42.06 and a beta of 1.47. The stock’s 50 day moving average price is $6.96 and its 200 day moving average price is $7.05. PennantPark Investment Co. has a 52 week low of $6.43 and a 52 week high of $8.04.

PennantPark Investment Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Monday, February 3rd. Investors of record on Wednesday, January 15th will be paid a $0.08 dividend. This represents a $0.96 annualized dividend and a dividend yield of 13.43%. The ex-dividend date of this dividend is Wednesday, January 15th. PennantPark Investment’s payout ratio is presently 564.71%.

Wall Street Analysts Forecast Growth

Separately, LADENBURG THALM/SH SH lowered PennantPark Investment from a “buy” rating to a “neutral” rating in a report on Wednesday, November 27th. One research analyst has rated the stock with a sell rating and four have issued a hold rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $6.00.

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.