250,096 Shares in The Pennant Group, Inc. $PNTG Bought by Rice Hall James & Associates LLC

Rice Hall James & Associates LLC bought a new stake in The Pennant Group, Inc. (NASDAQ:PNTG) during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 250,096 shares of the company’s stock, valued at approximately $9,241,000. Rice Hall James & Associates LLC owned 0.72% of The Pennant Group as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also made changes to their positions in the company. Caitong International Asset Management Co. Ltd boosted its position in shares of The Pennant Group by 154.2% during the 4th 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 last quarter. Parallel Advisors LLC increased its position in 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 purchasing an additional 1,258 shares during the last quarter. Quarry LP bought a new stake in The Pennant Group in the third quarter worth $37,000. GAMMA Investing LLC raised its stake in The Pennant Group by 34.6% during the second quarter. GAMMA Investing LLC now owns 1,568 shares of the company’s stock valued at $58,000 after purchasing an additional 403 shares in the last quarter. Finally, Quadrant Capital Group LLC raised its stake in The Pennant Group by 608.7% during the fourth quarter. Quadrant Capital Group LLC now owns 3,182 shares of the company’s stock valued at $90,000 after purchasing an additional 2,733 shares in the last quarter. 85.88% of the stock is currently owned by institutional investors.

The Pennant Group Price Performance

Shares of PNTG opened at $39.18 on Tuesday. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.20 and a current ratio of 1.20. The company has a 50 day moving average price of $38.06 and a 200-day moving average price of $34.08. The Pennant Group, Inc. has a fifty-two week low of $22.25 and a fifty-two week high of $42.69. The stock has a market capitalization of $1.37 billion, a PE ratio of 43.53, a PEG ratio of 2.56 and a beta of 1.26.

The Pennant Group (NASDAQ:PNTG) last issued 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 company had revenue of $297.98 million during the quarter, compared to the consensus estimate of $288.71 million. The Pennant Group had a net margin of 2.93% and a return on equity of 10.33%. The Pennant Group has set its FY 2026 guidance at 1.340-1.410 EPS. Equities analysts predict that The Pennant Group, Inc. will post 1.18 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

PNTG has been the subject of several research reports. Weiss Ratings upgraded shares of The Pennant Group from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday, August 5th. Wells Fargo & Company upped 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. Truist Financial increased their price target on shares of The Pennant Group from $42.00 to $48.00 and gave the company a “buy” rating in a report on Tuesday, July 14th. Wall Street Zen raised The Pennant Group from a “hold” rating to a “buy” rating in a research report on Saturday, June 20th. Finally, Royal Bank Of Canada increased their price target on The Pennant Group from $41.00 to $42.00 and gave the company an “outperform” rating in a report on Friday, May 8th. Seven research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $41.20.

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.