Pinnacle Investment Management Group (ASX:PNI) Reaches New 1-Year Low at $2.37

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Shares of Pinnacle Investment Management Group Ltd (ASX:PNI) hit a new 52-week low during trading on Wednesday . The company traded as low as A$2.37 ($1.68) and last traded at A$2.51 ($1.78), with a volume of 1411867 shares traded. The stock had previously closed at A$2.84 ($2.01).

The firm has a market cap of $471.92 million and a P/E ratio of 13.35. The business’s 50-day moving average is A$4.86 and its two-hundred day moving average is A$4.71. The company has a debt-to-equity ratio of 19.63, a current ratio of 6.34 and a quick ratio of 5.98.

The business also recently announced a Interim dividend, which was paid on Friday, March 20th. Stockholders of record on Friday, March 20th were paid a dividend of $0.069 per share. This represents a dividend yield of 1.2%. The ex-dividend date was Thursday, March 5th. This is a boost from Pinnacle Investment Management Group’s previous Interim dividend of $0.06. Pinnacle Investment Management Group’s dividend payout ratio (DPR) is currently 73.30%.

In other news, insider Ian Macoun 194,558 shares of the company’s stock in a transaction that occurred on Friday, March 20th. Also, insider Lorraine Berends bought 5,000 shares of the business’s stock in a transaction dated Tuesday, February 11th. The shares were bought at an average price of A$6.00 ($4.26) per share, with a total value of A$30,000.00 ($21,276.60).

About Pinnacle Investment Management Group (ASX:PNI)

Pinnacle Investment Management Group Limited operates as an investment management company in Australia. The company offers third party distribution, and fund infrastructure and support services to its affiliates and various investment managers. It also operates as a corporate trustee and responsible entity for retail and wholesale investment trusts.

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