BlackRock Inc. reduced its stake in PennantPark Investment Corp. (NASDAQ:PNNT) by 13.6% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 391,564 shares of the asset manager’s stock after selling 61,872 shares during the quarter. BlackRock Inc. owned approximately 0.55% of PennantPark Investment worth $2,616,000 as of its most recent SEC filing. A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in PNNT.
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