Penderfund Capital Management Ltd. Buys 4,400 Shares of Pender Growth Fund (CVE:PTF) 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. acquired 4,400 shares of the company's stock in a transaction that occurred on Wednesday, September 10th. The stock was purchased at an average price of C$14.85 per share, for a total transaction of C$65,340.00. Following the purchase, the insider owned 648,191 shares of the company's stock, valued at C$9,625,636.35. The trade was a 0.68% increase in their position.

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

• On Thursday, September 4th, Penderfund Capital Management Ltd. purchased 31,500 shares of Pender Growth Fund stock. The stock was bought at an average cost of C$14.50 per share, with a total value of C$456,646.05.
• On Wednesday, June 25th, PenderFund Capital Management Ltd. purchased 10,200 shares of Pender Growth Fund stock. The stock was bought at an average cost of C$13.19 per share, with a total value 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 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. bought 11,600 shares of Pender Growth Fund stock. The stock was purchased at an average cost of C$10.94 per share, for a total transaction of C$126,934.16.

Pender Growth Fund Trading Up 0.7%

Shares of CVE:PTF traded up C$0.10 on Thursday, reaching C$14.95. 1,700 shares of the company traded hands, compared to its average volume of 3,412. The business's 50-day simple moving average is C$14.42 and its 200 day simple moving average is C$11.80. Pender Growth Fund Inc. has a 52 week low of C$9.29 and a 52 week high of C$15.30. The stock has a market capitalization of C$106.62 million, a P/E ratio of 4.76 and a beta of 0.20.

Pender Growth Fund Company Profile

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.

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