Pennantpark Invt (PNNT) Shareholder West Family Investments Has Upped Stake; As Kinder Morgan Inc/De (KMI) Share Value Declined, Shareholder Cortland Advisers Lowered Its Position

February 18, 2018 - By Michael Collier

West Family Investments Inc increased its stake in Pennantpark Invt Corp (PNNT) by 6.1% based on its latest 2017Q3 regulatory filing with the SEC. West Family Investments Inc bought 49,401 shares as the company’s stock declined 10.68% while stock markets rallied. The institutional investor held 859,457 shares of the company at the end of 2017Q3, valued at $6.46M, up from 810,056 at the end of the previous reported quarter. West Family Investments Inc who had been investing in Pennantpark Invt Corp for a number of months, seems to be bullish on the $505.95 million market cap company. The stock increased 1.42% or $0.1 during the last trading session, reaching $7.12. About 270,665 shares traded. PennantPark Investment Corporation (NASDAQ:PNNT) has risen 23.34% since February 18, 2017 and is uptrending. It has outperformed by 6.64% the S&P500.

Cortland Advisers Llc decreased its stake in Kinder Morgan Inc/De (KMI) by 2.73% based on its latest 2017Q3 regulatory filing with the SEC. Cortland Advisers Llc sold 248,260 shares as the company’s stock declined 10.34% while stock markets rallied. The institutional investor held 8.86 million shares of the public utilities company at the end of 2017Q3, valued at $169.97M, down from 9.11 million at the end of the previous reported quarter. Cortland Advisers Llc who had been investing in Kinder Morgan Inc/De for a number of months, seems to be less bullish one the $37.64 billion market cap company. The stock decreased 1.44% or $0.25 during the last trading session, reaching $17.06. About 15.04 million shares traded. Kinder Morgan, Inc. (NYSE:KMI) has risen 13.09% since February 18, 2017 and is uptrending. It has underperformed by 3.61% the S&P500.

Among 12 analysts covering Pennant Investment (NASDAQ:PNNT), 5 have Buy rating, 0 Sell and 7 Hold. Therefore 42% are positive. Pennant Investment had 34 analyst reports since August 6, 2015 according to SRatingsIntel. Ladenburg Thalmann upgraded the stock to “Buy” rating in Tuesday, November 22 report. The firm earned “Buy” rating on Thursday, August 6 by MLV. The rating was maintained by Jefferies with “Hold” on Tuesday, August 15. The firm earned “Buy” rating on Friday, February 9 by Ladenburg Thalmann. The company was maintained on Friday, September 22 by Jefferies. The stock of PennantPark Investment Corporation (NASDAQ:PNNT) has “Hold” rating given on Thursday, February 8 by Keefe Bruyette & Woods. Keefe Bruyette & Woods maintained PennantPark Investment Corporation (NASDAQ:PNNT) on Monday, September 25 with “Hold” rating. The stock of PennantPark Investment Corporation (NASDAQ:PNNT) has “Hold” rating given on Friday, November 3 by Jefferies. As per Monday, July 18, the company rating was downgraded by JP Morgan. As per Friday, January 19, the company rating was maintained by Jefferies.

Investors sentiment decreased to 0.98 in Q3 2017. Its down 0.43, from 1.41 in 2017Q2. It worsened, as 15 investors sold PNNT shares while 34 reduced holdings. 15 funds opened positions while 33 raised stakes. 27.05 million shares or 0.28% more from 26.97 million shares in 2017Q2 were reported. Ares Llc has 810,394 shares. Barclays Public Ltd stated it has 0% of its portfolio in PennantPark Investment Corporation (NASDAQ:PNNT). Bessemer Grp Incorporated has invested 0% in PennantPark Investment Corporation (NASDAQ:PNNT). Glenmede Trust Co Na has invested 0% of its portfolio in PennantPark Investment Corporation (NASDAQ:PNNT). Nj State Employees Deferred Compensation Plan invested in 46,710 shares or 0.06% of the stock. Hm Payson & owns 10,142 shares or 0% of their US portfolio. 438,549 were reported by Signia Mngmt Ltd Liability Com. Parametric Portfolio Limited Com has 153,587 shares for 0% of their portfolio. Stevens Capital Ltd Partnership reported 26,561 shares. Citigroup Inc holds 96,249 shares. Essex Fin Services Incorporated accumulated 10,000 shares or 0.02% of the stock. Exane Derivatives has invested 0.01% in PennantPark Investment Corporation (NASDAQ:PNNT). Millennium Management Lc has 503,811 shares for 0.01% of their portfolio. Northwestern Mutual Wealth Company, a Wisconsin-based fund reported 682 shares. North Star Investment Corp has 0% invested in PennantPark Investment Corporation (NASDAQ:PNNT).

West Family Investments Inc, which manages about $826.91M US Long portfolio, decreased its stake in Tcp Cap Corp (NASDAQ:TCPC) by 50,664 shares to 49,093 shares, valued at $810,000 in 2017Q3, according to the filing. It also reduced its holding in Cf Inds Hldgs Inc (NYSE:CF) by 10,000 shares in the quarter, leaving it with 20,000 shares, and cut its stake in Sutherland Asset Mgmt Corp M.

Investors sentiment decreased to 0.77 in 2017 Q3. Its down 0.13, from 0.9 in 2017Q2. It turned negative, as 70 investors sold KMI shares while 353 reduced holdings. 69 funds opened positions while 257 raised stakes. 1.31 billion shares or 2.89% more from 1.27 billion shares in 2017Q2 were reported. Curbstone Financial Mgmt, a New Hampshire-based fund reported 22,410 shares. Hilltop Holdings holds 14,690 shares. North Star Investment Management Corp accumulated 47,193 shares. Smith Asset Gp Lp invested in 1,170 shares. Moreover, Catalyst Capital Advsr Lc has 0.65% invested in Kinder Morgan, Inc. (NYSE:KMI) for 772,371 shares. Bradley Foster And Sargent Incorporated Ct has 0.21% invested in Kinder Morgan, Inc. (NYSE:KMI). Blb&B Advsr Lc reported 128,684 shares stake. Supplemental Annuity Collective Of Nj, a New Jersey-based fund reported 36,000 shares. Capital Counsel Incorporated holds 0.1% of its portfolio in Kinder Morgan, Inc. (NYSE:KMI) for 12,151 shares. Ronna Sue Cohen invested 0.61% in Kinder Morgan, Inc. (NYSE:KMI). New Jersey Better Educational Savings holds 0.52% or 32,000 shares. Fdx accumulated 0.07% or 127,735 shares. Tiedemann Wealth Ltd accumulated 479,401 shares or 0.82% of the stock. Federated Pa owns 0% invested in Kinder Morgan, Inc. (NYSE:KMI) for 62,285 shares. Manufacturers Life Insurance The holds 13.75M shares or 0.31% of its portfolio.

Among 23 analysts covering Kinder Morgan (NYSE:KMI), 14 have Buy rating, 0 Sell and 9 Hold. Therefore 61% are positive. Kinder Morgan had 75 analyst reports since July 30, 2015 according to SRatingsIntel. The stock has “Buy” rating by Goldman Sachs on Sunday, August 16. The stock has “Buy” rating by BMO Capital Markets on Thursday, July 27. The firm earned “Overweight” rating on Thursday, October 22 by Barclays Capital. As per Thursday, January 28, the company rating was upgraded by Credit Suisse. Wells Fargo downgraded Kinder Morgan, Inc. (NYSE:KMI) on Thursday, January 11 to “Hold” rating. Stifel Nicolaus maintained Kinder Morgan, Inc. (NYSE:KMI) on Thursday, July 13 with “Buy” rating. The rating was maintained by Stifel Nicolaus on Thursday, September 21 with “Buy”. Goldman Sachs downgraded the shares of KMI in report on Tuesday, October 17 to “Hold” rating. The company was downgraded on Thursday, October 22 by Credit Suisse. The firm earned “Outperform” rating on Thursday, October 22 by RBC Capital Markets.

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