Putnam Mast Int (NYSE:PIM) Stock Price Up 0.2% – What’s Next?

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

Putnam Mast Int Stock Performance

The stock has a 50 day moving average of $3.18 and a 200 day moving average of $3.24.

Putnam Mast Int Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Monday, August 31st. Stockholders of record on Monday, August 24th will be issued a dividend of $0.022 per share. The ex-dividend date of this dividend is Monday, August 24th. This represents a c) annualized dividend and a dividend yield of 8.4%.

Hedge Funds Weigh In On Putnam Mast Int

Institutional investors have recently modified their holdings of the company. Raymond James Financial Inc. bought a new stake in Putnam Mast Int in the 2nd quarter valued at about $25,000. Landscape Capital Management L.L.C. bought a new position in Putnam Mast Int in the 4th quarter worth about $45,000. Northstar Financial Companies Inc. bought a new position in Putnam Mast Int in the 1st quarter worth about $49,000. M3 Wealth Management LLC acquired a new stake in shares of Putnam Mast Int in the fourth quarter valued at approximately $68,000. Finally, Integrity Advisory Solutions LLC acquired a new stake in shares of Putnam Mast Int in the fourth quarter valued at approximately $73,000. Institutional investors own 55.06% of the company’s stock.

About Putnam Mast Int

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.