Grandeur Peak Global Advisors LLC Purchases New Position in The Pennant Group, Inc. $PNTG

Grandeur Peak Global Advisors LLC purchased a new stake in The Pennant Group, Inc. (NASDAQ:PNTG) during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 179,802 shares of the company’s stock, valued at approximately $6,644,000. The Pennant Group accounts for 1.3% of Grandeur Peak Global Advisors LLC’s portfolio, making the stock its 14th largest holding.

Several other hedge funds have also recently bought and sold shares of PNTG. Caitong International Asset Management Co. Ltd lifted its holdings in shares of 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 acquiring an additional 717 shares during the period. Quarry LP bought a new stake in shares of The Pennant Group in the 3rd quarter worth about $37,000. Parallel Advisors LLC increased its position in shares of The Pennant Group by 1,186.8% during the 1st quarter. Parallel Advisors LLC now owns 1,364 shares of the company’s stock worth $42,000 after purchasing an additional 1,258 shares in the last quarter. GAMMA Investing LLC increased its position in shares of The Pennant Group by 34.6% during the 2nd quarter. GAMMA Investing LLC now owns 1,568 shares of the company’s stock worth $58,000 after purchasing an additional 403 shares in the last quarter. Finally, CIBC Private Wealth Group LLC lifted its holdings in The Pennant Group by 651.8% during the 3rd quarter. CIBC Private Wealth Group LLC now owns 3,398 shares of the company’s stock valued at $86,000 after purchasing an additional 2,946 shares during the last quarter. 85.88% of the stock is currently owned by institutional investors and hedge funds.

The Pennant Group Trading Down 1.2%

PNTG stock opened at $37.82 on Friday. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 0.48. The Pennant Group, Inc. has a twelve month low of $22.25 and a twelve month high of $42.69. The company has a market cap of $1.32 billion, a P/E ratio of 42.02, a PEG ratio of 2.50 and a beta of 1.26. The business has a fifty day moving average of $38.94 and a 200-day moving average of $34.64.

The Pennant Group (NASDAQ:PNTG) last announced its quarterly earnings data on Wednesday, August 5th. The company reported $0.36 EPS for the quarter, topping analysts’ consensus estimates of $0.33 by $0.03. The firm had revenue of $297.98 million during the quarter, compared to analyst estimates 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. As a group, equities research analysts expect that The Pennant Group, Inc. will post 1.18 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research firms have commented on PNTG. Wells Fargo & Company boosted their price target 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. Royal Bank Of Canada raised their price objective on shares of The Pennant Group from $42.00 to $44.00 and gave the stock an “outperform” rating in a report on Thursday, August 20th. Weiss Ratings upgraded shares of The Pennant Group from a “buy (b-)” rating to a “buy (b)” rating in a research note on Wednesday, August 19th. Truist Financial boosted their target price on The Pennant Group from $42.00 to $48.00 and gave the stock a “buy” rating in a report on Tuesday, July 14th. Finally, Wall Street Zen upgraded The Pennant Group from a “hold” rating to a “buy” rating in a research report on Saturday, June 20th. Seven research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $41.60.

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.