Grandeur Peak Global Advisors LLC Invests $6.64 Million in The Pennant Group, Inc. $PNTG

Key Points

• Grandeur Peak Global Advisors purchased 179,802 shares of The Pennant Group worth approximately $6.64 million, representing about 0.51% of the company and 1.3% of its portfolio.
• Other institutions also established positions, bringing hedge fund and institutional ownership to 85.88% of PNTG’s outstanding shares.
• The company beat quarterly expectations with EPS of $0.36 versus the $0.33 estimate and revenue of $297.98 million. Analysts maintain a “Moderate Buy” consensus, with an average price target of $41.60.

Grandeur Peak Global Advisors LLC purchased a new position in shares of The Pennant Group, Inc. (NASDAQ:PNTG - Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 179,802 shares of the company's stock, valued at approximately $6,644,000. The Pennant Group accounts for approximately 1.3% of Grandeur Peak Global Advisors LLC's investment portfolio, making the stock its 14th biggest holding. Grandeur Peak Global Advisors LLC owned approximately 0.51% of The Pennant Group as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Corient Private Wealth LP purchased a new stake in The Pennant Group in the 2nd quarter worth approximately $354,000. Bank of America Corp DE purchased a new position in shares of The Pennant Group during the 2nd quarter valued at $3,430,000. Boone Capital Management LLC acquired a new position in shares of The Pennant Group in the second quarter worth $19,059,000. Jupiter Topco LLC acquired a new position in shares of The Pennant Group in the second quarter worth $435,000. Finally, Ancora Advisors LLC purchased a new stake in shares of The Pennant Group during the second quarter worth $3,227,000. 85.88% of the stock is owned by hedge funds and other institutional investors.

The Pennant Group Stock Performance

NASDAQ:PNTG opened at $37.82 on Friday. The Pennant Group, Inc. has a 52-week low of $22.25 and a 52-week high of $42.69. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.20 and a current ratio of 1.20. The company has a market cap of $1.32 billion, a price-to-earnings ratio of 42.02, a PEG ratio of 2.50 and a beta of 1.26. The firm's 50-day moving average is $38.94 and its 200-day moving average is $34.64.

The Pennant Group (NASDAQ:PNTG - Get Free Report) last announced its quarterly earnings data on Wednesday, August 5th. The company reported $0.36 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.33 by $0.03. The Pennant Group had a net margin of 2.93% and a return on equity of 10.33%. The company had revenue of $297.98 million during the quarter, compared to analysts' expectations of $288.71 million. The Pennant Group has set its FY 2026 guidance at 1.340-1.410 EPS. Equities research analysts anticipate that The Pennant Group, Inc. will post 1.18 earnings per share for the current year.

Analyst Ratings Changes

A number of analysts recently issued reports on PNTG shares. Royal Bank Of Canada lifted their price objective on The Pennant Group from $42.00 to $44.00 and gave the company an "outperform" rating in a research report on Thursday, August 20th. Wells Fargo & Company raised their price target on The Pennant Group from $45.00 to $46.00 and gave the stock an "overweight" rating in a research note on Tuesday, August 11th. Truist Financial lifted their price target on The Pennant Group from $42.00 to $48.00 and gave the company a "buy" rating in a report on Tuesday, July 14th. Weiss Ratings raised The Pennant Group from a "buy (b-)" rating to a "buy (b)" rating in a research note on Wednesday, August 19th. Finally, Wall Street Zen upgraded The Pennant Group from a "hold" rating to a "buy" rating in a report on Saturday, June 20th. Seven equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $41.60.

The Pennant Group Company Profile

The Pennant Group NASDAQ: PNTG is a publicly traded holding company that provides specialized services to the asset management industry. Through its operating subsidiaries, the company delivers outsourced fund administration, securities lending, prime brokerage, and capital markets solutions designed to support hedge funds, private equity firms, mutual funds and other institutional investors. By leveraging a combination of technology platforms and industry expertise, The Pennant Group helps clients streamline middle- and back-office processes, enhance operational efficiency and manage regulatory requirements.

Key service offerings include fund accounting and reporting, trade settlement and reconciliation, risk monitoring, securities lending programs and execution support across a range of asset classes.

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