GSA Capital Partners LLP Makes New Investment in The Pennant Group, Inc. $PNTG

GSA Capital Partners LLP bought a new position in shares of The Pennant Group, Inc. (NASDAQ:PNTG) in the third quarter, Holdings Channel.com reports. The fund bought 64,942 shares of the company’s stock, valued at approximately $1,638,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of PNTG. Quantum Portfolio Management LLC boosted its position in The Pennant Group by 4.7% during the second quarter. Quantum Portfolio Management LLC now owns 16,049 shares of the company’s stock worth $479,000 after acquiring an additional 721 shares during the last quarter. Intech Investment Management LLC lifted its stake in The Pennant Group by 4.8% in the 2nd quarter. Intech Investment Management LLC now owns 17,800 shares of the company’s stock worth $531,000 after purchasing an additional 822 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of The Pennant Group by 4.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 19,394 shares of the company’s stock worth $488,000 after purchasing an additional 857 shares during the last quarter. Police & Firemen s Retirement System of New Jersey grew its position in shares of The Pennant Group by 13.7% in the second quarter. Police & Firemen s Retirement System of New Jersey now owns 7,922 shares of the company’s stock valued at $236,000 after purchasing an additional 953 shares in the last quarter. Finally, Bosun Asset Management LLC grew its position in shares of The Pennant Group by 10.7% in the second quarter. Bosun Asset Management LLC now owns 10,960 shares of the company’s stock valued at $327,000 after purchasing an additional 1,057 shares in the last quarter. 85.88% of the stock is owned by hedge funds and other institutional investors.

The Pennant Group Stock Performance

NASDAQ PNTG opened at $31.85 on Wednesday. The stock has a fifty day simple moving average of $29.41 and a 200-day simple moving average of $26.75. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.08. The stock has a market cap of $1.10 billion, a PE ratio of 42.47, a P/E/G ratio of 2.22 and a beta of 1.27. The Pennant Group, Inc. has a twelve month low of $21.18 and a twelve month high of $32.44.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. Weiss Ratings reiterated a “hold (c)” rating on shares of The Pennant Group in a research report on Monday, December 29th. Jefferies Financial Group began coverage on The Pennant Group in a report on Friday, October 24th. They set a “buy” rating and a $30.00 price target on the stock. Wall Street Zen lowered shares of The Pennant Group from a “buy” rating to a “hold” rating in a report on Friday, January 23rd. Zacks Research cut shares of The Pennant Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, January 12th. Finally, William Blair started coverage on shares of The Pennant Group in a research note on Monday, December 8th. They set an “outperform” rating on the stock. Six research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $36.20.

About The Pennant Group

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.