Penn Capital Management

Penn Capital Management Company LLC is an employee-owned investment management firm based in Philadelphia, Pennsylvania, with an additional office in Stuart, Florida. Founded in 1987, the firm primarily serves high-net-worth individuals, corporations, corporate pension plans, public funds, non-profit organizations, insurance companies, and government entities. Penn Capital manages separate equity and fixed-income portfolios tailored to client needs, as well as mutual funds and hedge funds. The firm invests across various market capitalizations, including micro-cap, small-cap, mid-cap, and large-cap companies, and focuses on public equity, fixed income, and alternative investments in the United States. Its fixed-income strategy emphasizes high-yield bonds, including B/B2 rated debt, and employs a fundamental analysis approach for equity investments. The firm conducts in-house research to support its investment decisions, aiming to provide risk-adjusted returns for its clients. In December 2020, Penn Capital became a subsidiary of Spouting Rock Asset Management, LLC.