Pender Growth Fund (CVE:PTF) Insider Buys C$65,340.00 in Stock

Key Points

• Penderfund Capital Management Ltd. acquired 4,400 shares of Pender Growth Fund Inc. at an average price of C$14.85, increasing their total holdings to 648,191 shares valued at C$9.63 million.
• The shares of Pender Growth Fund traded up 0.7% to C$14.95, with a 52-week range between C$9.29 and C$15.30.
• Pender Growth Fund specializes in investments in late-stage, restructuring situations, and small-cap companies in sectors like information technology and life sciences.

Pender Growth Fund Inc. (CVE:PTF - Get Free Report) insider Penderfund Capital Management Ltd. purchased 4,400 shares of the company's stock in a transaction dated Wednesday, September 10th. The stock was bought at an average price of C$14.85 per share, with a total value of C$65,340.00. Following the completion of the transaction, the insider directly owned 648,191 shares of the company's stock, valued at approximately C$9,625,636.35. This represents a 0.68% increase in their ownership of the stock.

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

• On Thursday, September 4th, Penderfund Capital Management Ltd. acquired 31,500 shares of Pender Growth Fund stock. The stock was acquired at an average price of C$14.50 per share, with a total value of C$456,646.05.
• On Wednesday, June 25th, PenderFund Capital Management Ltd. bought 10,200 shares of Pender Growth Fund stock. The stock was acquired 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 stock was acquired 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. acquired 11,600 shares of Pender Growth Fund stock. The shares were acquired at an average cost of C$10.94 per share, with a total value of C$126,934.16.

Pender Growth Fund Trading Up 1.0%

PTF traded up C$0.15 on Tuesday, hitting C$15.00. The company had a trading volume of 3,000 shares, compared to its average volume of 3,404. The firm has a market cap of C$106.98 million, a P/E ratio of 4.78 and a beta of 0.20. The company's fifty day moving average price is C$14.49 and its 200 day moving average price is C$11.92. Pender Growth Fund Inc. has a 1 year low of C$9.29 and a 1 year high of C$15.30.

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.