Wells Fargo & Company MN Acquires 18 Shares of Pacific American Income Shares Inc. (PAI)

Wells Fargo & Company MN grew its holdings in Pacific American Income Shares Inc. (NYSE:PAI) by 0.0% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 97,347 shares of the financial services provider’s stock after buying an additional 18 shares during the period. Wells Fargo & Company MN’s holdings in Pacific American Income Shares were worth $1,451,000 as of its most recent filing with the Securities & Exchange Commission.

Separately, Granite Investment Partners LLC raised its position in shares of Pacific American Income Shares by 0.5% in the second quarter. Granite Investment Partners LLC now owns 45,457 shares of the financial services provider’s stock valued at $678,000 after buying an additional 235 shares during the last quarter. Institutional investors own 6.49% of the company’s stock.

Separately, Stifel Nicolaus cut shares of Pacific American Income Shares from a “hold” rating to a “sell” rating in a research report on Monday, September 25th.

Shares of Pacific American Income Shares Inc. (NYSE PAI) opened at 15.71 on Monday. The stock has a 50 day moving average of $16.30 and a 200-day moving average of $15.42. Pacific American Income Shares Inc. has a 12 month low of $13.59 and a 12 month high of $17.37.

The firm also recently disclosed a monthly dividend, which will be paid on Friday, December 1st. Investors of record on Friday, November 24th will be given a $0.0575 dividend. The ex-dividend date of this dividend is Wednesday, November 22nd. This represents a $0.69 annualized dividend and a dividend yield of 4.39%.

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Pacific American Income Shares Profile

Western Asset Income Fund (the Fund) is a closed-end diversified investment company. The Fund seeks a high level of current income, consistent with prudent investment risk, through investment in a diversified portfolio of debt securities. The Fund’s secondary investment objective is capital appreciation.

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