Putnam Mast Int (NYSE:PIM) Shares Up 0.2% – Still a Buy?

Putnam Mast Int (NYSE:PIM)’s stock price traded up 0.2% during trading on Monday . The stock traded as high as $3.16 and last traded at $3.1550. Approximately 68,989 shares traded hands during trading, an increase of 73% from the average session volume of 39,861 shares. The stock had previously closed at $3.15.

Putnam Mast Int Trading Down 0.7%

The stock’s 50 day simple moving average is $3.18 and its two-hundred day simple moving average is $3.24.

Putnam Mast Int Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Monday, August 31st. Shareholders of record on Monday, August 24th will be issued a $0.022 dividend. This represents a c) annualized dividend and a yield of 8.3%. The ex-dividend date of this dividend is Monday, August 24th.

Institutional Trading of Putnam Mast Int

Several institutional investors have recently bought and sold shares of PIM. PVG Asset Management Corp grew its holdings in shares of Putnam Mast Int by 155.2% during the first quarter. PVG Asset Management Corp now owns 1,231,891 shares of the company’s stock valued at $3,967,000 after buying an additional 749,132 shares during the last quarter. Summit Financial LLC increased its holdings in Putnam Mast Int by 206.4% in the 4th quarter. Summit Financial LLC now owns 592,051 shares of the company’s stock worth $1,977,000 after buying an additional 398,831 shares in the last quarter. WealthTrust Axiom LLC boosted its holdings in shares of Putnam Mast Int by 11.3% during the 4th quarter. WealthTrust Axiom LLC now owns 108,000 shares of the company’s stock valued at $361,000 after acquiring an additional 11,000 shares during the last quarter. Eclectic Associates Inc. ADV purchased a new position in shares of Putnam Mast Int during the fourth quarter valued at approximately $179,000. Finally, Weaver Consulting Group grew its position in Putnam Mast Int by 20.0% in the 4th quarter. Weaver Consulting Group now owns 42,000 shares of the company’s stock worth $140,000 after purchasing an additional 7,000 shares during the period. 55.06% of the stock is owned by hedge funds and other institutional investors.

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.