111,813 Shares in The Pennant Group, Inc. $PNTG Purchased by Globeflex Capital L P

Globeflex Capital L P acquired a new position in shares of The Pennant Group, Inc. (NASDAQ:PNTG) during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 111,813 shares of the company’s stock, valued at approximately $4,131,000. Globeflex Capital L P owned approximately 0.32% of The Pennant Group as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. GAMMA Investing LLC increased its stake in The Pennant Group by 34.6% in the second quarter. GAMMA Investing LLC now owns 1,568 shares of the company’s stock valued at $58,000 after acquiring an additional 403 shares during the last quarter. Caitong International Asset Management Co. Ltd raised its position in The Pennant Group by 154.2% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 1,182 shares of the company’s stock valued at $33,000 after purchasing an additional 717 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in The Pennant Group by 4.6% during the first 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. Parallel Advisors LLC lifted its stake in The Pennant Group by 1,186.8% during the first quarter. Parallel Advisors LLC now owns 1,364 shares of the company’s stock worth $42,000 after purchasing an additional 1,258 shares during the last quarter. Finally, The Manufacturers Life Insurance Company boosted its holdings in shares of The Pennant Group by 11.3% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 12,400 shares of the company’s stock valued at $370,000 after purchasing an additional 1,263 shares in the last quarter. 85.88% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

PNTG has been the topic of several research analyst reports. Weiss Ratings raised The Pennant Group from a “buy (b-)” rating to a “buy (b)” rating in a research note on Wednesday. Wall Street Zen upgraded shares of The Pennant Group from a “hold” rating to a “buy” rating in a research note on Saturday, June 20th. Royal Bank Of Canada upped their price objective on shares of The Pennant Group from $42.00 to $44.00 and gave the stock an “outperform” rating in a research report on Thursday. Truist Financial increased their price objective on shares of The Pennant Group from $42.00 to $48.00 and gave the company a “buy” rating in a research note on Tuesday, July 14th. Finally, Wells Fargo & Company raised their target price on shares of The Pennant Group from $45.00 to $46.00 and gave the company an “overweight” rating in a research report on Tuesday, August 11th. Seven investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $41.60.

The Pennant Group Price Performance

The Pennant Group stock opened at $38.88 on Monday. The stock has a 50-day moving average price of $38.57 and a two-hundred day moving average price of $34.40. The Pennant Group, Inc. has a 12 month low of $22.25 and a 12 month high of $42.69. The company has a market capitalization of $1.36 billion, a PE ratio of 43.20, a P/E/G ratio of 2.53 and a beta of 1.26. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 0.48.

The Pennant Group (NASDAQ:PNTG) last released its quarterly earnings results on Wednesday, August 5th. The company reported $0.36 earnings per share for the quarter, topping the consensus estimate of $0.33 by $0.03. The company had revenue of $297.98 million for the quarter, compared to analysts’ expectations of $288.71 million. The Pennant Group had a return on equity of 10.33% and a net margin of 2.93%.The Pennant Group has set its FY 2026 guidance at 1.340-1.410 EPS. Analysts expect that The Pennant Group, Inc. will post 1.18 EPS for the current year.

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.