COGENT COMMUNICATIONS HLDGS

Ticker: CCOI CUSIP: 19239V302 Class: Common Stock

Penn Capital Management Company, LLC's Holding History (CIK: 0001158202)

Note: Option positions (PUT/CALL) are excluded.

Q4 2013

Shares 335,084 Value ($000) $13,541 Avg Close $20.46 Range $17.72 - $23.32

Q3 2013

Shares 339,882 Value ($000) $10,961 Avg Close $17.12 Range $15.63 - $18.44

Q2 2013

Shares 277,640 Value ($000) $7,816 Avg Close $15.51 Range $14.03 - $16.52

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2013	335,084	$13,541	$20.46	$17.72 - $23.32
Q3 2013	339,882	$10,961	$17.12	$15.63 - $18.44
Q2 2013	277,640	$7,816	$15.51	$14.03 - $16.52