PENN is an independent, 100% employee-owned, SEC registered investment management firm. We manage multiple investment styles that flow from our coverage of publicly traded companies in the micro- to mid-capitalization range, as well as companies that issue debt rated split-BBB and below (non-investment grade).

There are a significant number of non-investment grade companies that fall in the micro-to-mid equity capitalization range, creating strong efficiencies in our research process. We conduct Complete Capital Structure Analysis^® to identify the best value within the capital structures of these companies.