Chad Bolen and Suhail Chandy joined PENN Capital Management as research analysts, confirmed spokeswoman Reina S. Berlein.
Both are based in Philadelphia. They replaced Jason Argyris and David Neiderer, who left the firm in May to pursue other opportunities, Mr. Berlein said.
Mr. Bolen previously was a senior equity research associate at Raymond James Financial. Mr. Chandy was a vice president at Adelante Capital Management. Michael Torres, Adelante Capital CEO, was not available to provide further information by press time.