Gyroscope Capital Management Group Upped Its Exxon Mobil (XOM) Position; Pennantpark Investment (PNNT) Shorts Up By 18.7%

September 17, 2017 - By Kurt Siggers

Pennantpark Investment Corporation (NASDAQ:PNNT) had an increase of 18.7% in short interest. PNNT’s SI was 251,400 shares in September as released by FINRA. Its up 18.7% from 211,800 shares previously. With 237,600 avg volume, 1 days are for Pennantpark Investment Corporation (NASDAQ:PNNT)’s short sellers to cover PNNT’s short positions. The stock decreased 0.92% or $0.07 on September 15, reaching $7.52. About 561,790 shares traded or 102.55% up from the average. PennantPark Investment Corp. (NASDAQ:PNNT) has risen 23.34% since September 17, 2016 and is uptrending. It has outperformed by 6.64% the S&P500.

Gyroscope Capital Management Group Llc increased Exxon Mobil Corp (XOM) stake by 49.07% reported in 2016Q4 SEC filing. Gyroscope Capital Management Group Llc acquired 8,829 shares as Exxon Mobil Corp (XOM)’s stock rose 0.21%. The Gyroscope Capital Management Group Llc holds 26,823 shares with $2.42 million value, up from 17,994 last quarter. Exxon Mobil Corp now has $339.27B valuation. The stock decreased 0.02% or $0.02 on September 15, reaching $80.07. About 16.04M shares traded or 58.03% up from the average. Exxon Mobil Corporation (NYSE:XOM) has declined 9.08% since September 17, 2016 and is downtrending. It has underperformed by 25.78% the S&P500.

Among 12 analysts covering Pennant Investment (NASDAQ:PNNT), 4 have Buy rating, 0 Sell and 8 Hold. Therefore 33% are positive. Pennant Investment had 27 analyst reports since August 6, 2015 according to SRatingsIntel. JP Morgan downgraded the stock to “Neutral” rating in Monday, July 18 report. The firm earned “Hold” rating on Thursday, August 24 by Keefe Bruyette & Woods. As per Wednesday, September 30, the company rating was initiated by DA Davidson. The stock of PennantPark Investment Corp. (NASDAQ:PNNT) has “Buy” rating given on Wednesday, August 9 by J.P. Morgan. The stock has “Hold” rating by Keefe Bruyette & Woods on Monday, July 24. The firm has “Buy” rating by Ladenburg Thalmann given on Tuesday, November 22. On Friday, June 23 the stock rating was maintained by Keefe Bruyette & Woods with “Hold”. As per Wednesday, August 10, the company rating was maintained by JMP Securities. The firm earned “Market Perform” rating on Thursday, May 11 by JMP Securities. JP Morgan upgraded the stock to “Overweight” rating in Wednesday, August 9 report.

Investors sentiment decreased to 1.41 in 2016 Q4. Its down 0.24, from 1.65 in 2016Q3. It turned negative, as 14 investors sold PennantPark Investment Corp. shares while 26 reduced holdings. 15 funds opened positions while 35 raised stakes. 24.08 million shares or 11.06% more from 21.68 million shares in 2016Q3 were reported. Royal State Bank Of Canada stated it has 0% of its portfolio in PennantPark Investment Corp. (NASDAQ:PNNT). Bbr Partners Ltd Company reported 34,268 shares. Comml Bank Of America De has invested 0% of its portfolio in PennantPark Investment Corp. (NASDAQ:PNNT). 18,200 are owned by Kempner Mgmt Incorporated. Hm Payson has invested 0% in PennantPark Investment Corp. (NASDAQ:PNNT). Global X Mgmt Communications Ltd Liability accumulated 0% or 11,101 shares. 148,497 were accumulated by Janney Montgomery Scott Limited Liability Com. The New York-based Morgan Stanley has invested 0% in PennantPark Investment Corp. (NASDAQ:PNNT). Advsr Cap Ltd Liability Co reported 0.35% of its portfolio in PennantPark Investment Corp. (NASDAQ:PNNT). Credit Suisse Ag accumulated 0% or 15,800 shares. Burgundy Asset has invested 0.21% in PennantPark Investment Corp. (NASDAQ:PNNT). Legal And General Grp Public Ltd Com has 159,060 shares. Confluence Limited Company holds 0.16% in PennantPark Investment Corp. (NASDAQ:PNNT) or 886,750 shares. Susquehanna Interest Group Limited Liability Partnership has 0% invested in PennantPark Investment Corp. (NASDAQ:PNNT) for 98,982 shares. Oxbow Limited Liability Corp accumulated 35,900 shares.

PennantPark Investment Corporation is a closed-end, non-diversified investment company. The company has market cap of $534.38 million. The Firm is a business development company. It has a 6.52 P/E ratio. The Company’s objectives are to generate both current income and capital appreciation while seeking to preserve capital through debt and equity investments primarily made to the United States middle-market companies in the form of senior secured debt, mezzanine debt and equity investments.

Among 24 analysts covering Exxon Mobil (NYSE:XOM), 9 have Buy rating, 4 Sell and 11 Hold. Therefore 38% are positive. Exxon Mobil had 64 analyst reports since July 22, 2015 according to SRatingsIntel. Barclays Capital upgraded the stock to “Equal-Weight” rating in Monday, October 12 report. Piper Jaffray maintained the shares of XOM in report on Thursday, August 24 with “Hold” rating. The stock has “Buy” rating by Vetr on Thursday, August 20. Macquarie Research initiated Exxon Mobil Corporation (NYSE:XOM) rating on Wednesday, September 23. Macquarie Research has “Underperform” rating and $60 target. The firm has “Neutral” rating given on Friday, July 21 by Citigroup. The firm earned “Hold” rating on Friday, June 23 by Jefferies. The firm earned “Buy” rating on Tuesday, June 13 by RBC Capital Markets. As per Friday, April 7, the company rating was maintained by Jefferies. On Wednesday, July 22 the stock rating was upgraded by Goldman Sachs to “Conviction Buy”. The rating was downgraded by Wells Fargo on Wednesday, January 11 to “Market Perform”.

Investors sentiment decreased to 0.85 in Q4 2016. Its down 0.04, from 0.89 in 2016Q3. It fall, as 58 investors sold XOM shares while 851 reduced holdings. 104 funds opened positions while 652 raised stakes. 2.08 billion shares or 2.44% more from 2.03 billion shares in 2016Q3 were reported. Hartwell J M LP holds 1.79% of its portfolio in Exxon Mobil Corporation (NYSE:XOM) for 80,298 shares. Boyd Watterson Asset Management Limited Com Oh reported 1.34% stake. Hyman Charles D reported 157,635 shares. Rodgers Brothers stated it has 2.71% of its portfolio in Exxon Mobil Corporation (NYSE:XOM). Artemis Ltd Liability Partnership reported 15,792 shares. Excalibur Mgmt Corp has 3.07% invested in Exxon Mobil Corporation (NYSE:XOM). Lourd Cap Limited Liability Com reported 246,772 shares. Carlson Cap accumulated 11,401 shares or 0.35% of the stock. 15,303 are held by First Retail Bank Of Hutchinson. Fifth Third Bankshares has invested 1.64% in Exxon Mobil Corporation (NYSE:XOM). First Bancshares Sioux Falls accumulated 15,364 shares. Martin & Tn stated it has 55,071 shares or 1.61% of all its holdings. Smith And Howard Wealth Mgmt Ltd Limited Liability Company has 0.3% invested in Exxon Mobil Corporation (NYSE:XOM) for 6,402 shares. Vestor Capital Ltd Liability reported 0.81% of its portfolio in Exxon Mobil Corporation (NYSE:XOM). Lakeview Prtnrs Ltd Limited Liability Company reported 1.72% stake.

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