Penderfund Capital Management Ltd. Buys 31,500 Shares of Pender Growth Fund (CVE:PTF) Stock

Key Points

• Penderfund Capital Management Ltd. acquired 31,500 shares of Pender Growth Fund at C$14.50 per share, increasing its ownership by 5.16% and bringing total shares owned to 641,391.
• The average stock price of Pender Growth Fund has seen a downward trend, trading down 0.5% to C$14.93 with a market cap of C$105.79 million.
• Pender Growth Fund Inc. specializes in investments in later stage, special situations, and restructuring, focusing on sectors such as information technology and life sciences.

Pender Growth Fund Inc. (CVE:PTF - Get Free Report) insider Penderfund Capital Management Ltd. bought 31,500 shares of Pender Growth Fund stock in a transaction dated Thursday, September 4th. The stock was acquired at an average price of C$14.50 per share, with a total value of C$456,646.05. Following the completion of the transaction, the insider directly owned 641,391 shares of the company's stock, valued at approximately C$9,298,052.91. The trade was a 5.16% increase in their ownership of the stock.

Penderfund Capital Management Ltd. also recently made the following trade(s):

• On Wednesday, September 10th, Penderfund Capital Management Ltd. acquired 4,400 shares of Pender Growth Fund stock. The stock was acquired at an average price of C$14.85 per share, with a total value of C$65,340.00.
• On Wednesday, June 25th, PenderFund Capital Management Ltd. purchased 10,200 shares of Pender Growth Fund stock. The shares were bought at an average price of C$13.19 per share, for a total transaction of C$134,500.26.
• On Tuesday, June 24th, PenderFund Capital Management Ltd. purchased 20,600 shares of Pender Growth Fund stock. The shares were purchased at an average cost of C$12.68 per share, for a total transaction of C$261,208.00.
• On Wednesday, June 18th, PenderFund Capital Management Ltd. purchased 11,600 shares of Pender Growth Fund stock. The shares were purchased at an average price of C$10.94 per share, with a total value of C$126,934.16.

Pender Growth Fund Trading Up 0.8%

Pender Growth Fund stock traded up C$0.12 during mid-day trading on Friday, hitting C$14.99. The company's stock had a trading volume of 1,400 shares, compared to its average volume of 3,401. Pender Growth Fund Inc. has a 1 year low of C$9.29 and a 1 year high of C$15.30. The firm has a market capitalization of C$106.91 million, a PE ratio of 4.77 and a beta of 0.20. The stock's fifty day moving average is C$14.47 and its two-hundred day moving average is C$11.87.

About Pender Growth Fund

Pender Growth Fund Inc specializes in later stage, special situations, and restructuring investments. The fund also provides expansion capital and invests in small caps and Eligible Small Businesses ("ESBs"). It seeks to invest in illiquid public and private companies in information technology, communications, life sciences, and proprietary technologies sectors and undervalued technology companies.