Putnam Mast Int (NYSE:PIM) Shares Down 0.6% – Should You Sell?

Shares of Putnam Mast Int (NYSE:PIM) were down 0.6% during mid-day trading on Tuesday . The company traded as low as $3.30 and last traded at $3.31. Approximately 87,021 shares traded hands during mid-day trading, a decline of 15% from the average daily volume of 102,643 shares. The stock had previously closed at $3.33.

Putnam Mast Int Price Performance

The company has a 50-day moving average price of $3.32 and a 200 day moving average price of $3.35.

Putnam Mast Int Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Friday, February 27th. Investors of record on Friday, February 20th will be issued a $0.022 dividend. The ex-dividend date of this dividend is Friday, February 20th. This represents a c) dividend on an annualized basis and a yield of 8.0%.

Institutional Investors Weigh In On Putnam Mast Int

Institutional investors have recently added to or reduced their stakes in the stock. Sheets Smith Investment Management bought a new position in shares of Putnam Mast Int during the third quarter worth $3,792,000. Allworth Financial LP bought a new stake in Putnam Mast Int in the 2nd quarter valued at $222,000. Sheets Smith Wealth Management bought a new stake in Putnam Mast Int in the 3rd quarter valued at $830,000. WealthTrust Axiom LLC lifted its stake in Putnam Mast Int by 88.9% in the 2nd quarter. WealthTrust Axiom LLC now owns 51,000 shares of the company’s stock worth $171,000 after purchasing an additional 24,000 shares in the last quarter. Finally, Weaver Consulting Group bought a new position in shares of Putnam Mast Int during the 2nd quarter valued at about $109,000. 55.06% of the stock is owned by hedge funds and other institutional investors.

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.