Rice Hall James & Associates LLC Makes New Investment in The Pennant Group, Inc. $PNTG

Rice Hall James & Associates LLC purchased a new position in shares of The Pennant Group, Inc. (NASDAQ:PNTG) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 250,096 shares of the company’s stock, valued at approximately $9,241,000.

A number of other institutional investors also recently bought and sold shares of PNTG. Bank of New York Mellon Corp acquired a new position in The Pennant Group during the second quarter valued at $4,225,000. State of Wyoming purchased a new position in shares of The Pennant Group during the 2nd quarter valued at about $396,000. Wasatch Advisors LP lifted its holdings in shares of The Pennant Group by 31.8% in the 2nd quarter. Wasatch Advisors LP now owns 1,870,178 shares of the company’s stock valued at $69,103,000 after buying an additional 451,491 shares during the period. GAMMA Investing LLC lifted its holdings in shares of The Pennant Group by 34.6% in the 2nd quarter. GAMMA Investing LLC now owns 1,568 shares of the company’s stock valued at $58,000 after buying an additional 403 shares during the period. Finally, Parallel Advisors LLC boosted its stake in shares of The Pennant Group by 1,186.8% in the first quarter. Parallel Advisors LLC now owns 1,364 shares of the company’s stock worth $42,000 after buying an additional 1,258 shares during the last quarter. 85.88% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts recently commented on the company. Weiss Ratings raised The Pennant Group from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday, August 5th. Truist Financial upped their price objective on The Pennant Group from $42.00 to $48.00 and gave the stock a “buy” rating in a research report on Tuesday, July 14th. Wells Fargo & Company raised their price objective on shares of The Pennant Group from $45.00 to $46.00 and gave the stock an “overweight” rating in a research note on Tuesday, August 11th. Royal Bank Of Canada lifted their target price on shares of The Pennant Group from $41.00 to $42.00 and gave the company an “outperform” rating in a report on Friday, May 8th. Finally, 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. Seven investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $41.20.

The Pennant Group Price Performance

Shares of The Pennant Group stock opened at $39.18 on Tuesday. The firm has a market cap of $1.37 billion, a PE ratio of 43.53, a P/E/G ratio of 2.56 and a beta of 1.26. The Pennant Group, Inc. has a twelve month low of $22.25 and a twelve month high of $42.69. 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 business has a 50-day moving average price of $38.06 and a 200 day moving average price of $34.08.

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

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.