GSA Capital Partners LLP Invests $1.64 Million in The Pennant Group, Inc. $PNTG

GSA Capital Partners LLP acquired a new stake in shares of The Pennant Group, Inc. (NASDAQ:PNTG) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 64,942 shares of the company’s stock, valued at approximately $1,638,000. GSA Capital Partners LLP owned approximately 0.19% of The Pennant Group at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. State of Alaska Department of Revenue purchased a new stake in shares of The Pennant Group during the third quarter valued at about $54,000. Tower Research Capital LLC TRC raised its stake in shares of The Pennant Group by 161.6% during the 2nd quarter. Tower Research Capital LLC TRC now owns 3,987 shares of the company’s stock worth $119,000 after acquiring an additional 2,463 shares in the last quarter. AlphaQuest LLC purchased a new stake in The Pennant Group during the third quarter valued at approximately $137,000. ProShare Advisors LLC purchased a new stake in The Pennant Group during the second quarter valued at approximately $207,000. Finally, Police & Firemen s Retirement System of New Jersey boosted its stake in 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 acquiring an additional 953 shares in the last quarter. Hedge funds and other institutional investors own 85.88% of the company’s stock.

The Pennant Group Stock Down 0.4%

Shares of PNTG opened at $31.85 on Wednesday. The company has a market capitalization of $1.10 billion, a price-to-earnings ratio of 42.47, a PEG ratio of 2.22 and a beta of 1.27. The Pennant Group, Inc. has a 52 week low of $21.18 and a 52 week high of $32.44. The stock’s 50-day moving average price is $29.41 and its 200-day moving average price is $26.75. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.08.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the company. Weiss Ratings reiterated a “hold (c)” rating on shares of The Pennant Group in a report on Monday, December 29th. Jefferies Financial Group initiated coverage on The Pennant Group in a research report on Friday, October 24th. They set a “buy” rating and a $30.00 target price on the stock. Wall Street Zen downgraded The Pennant Group from a “buy” rating to a “hold” rating in a report on Friday, January 23rd. Royal Bank Of Canada restated an “outperform” rating on shares of The Pennant Group in a research note on Friday, December 19th. Finally, William Blair began coverage on shares of The Pennant Group in a research report on Monday, December 8th. They issued an “outperform” rating for the company. Six analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $36.20.

The Pennant Group Company Profile

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.