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An announcement from Contango Asset Management Ltd. ( (AU:APL) ) is now available.
Associate Global Partners Limited has disclosed a change in director Martin Francis Switzer’s interests, reflecting his holdings in both company shares and units in listed funds managed by its subsidiary. Switzer holds a mix of direct and indirect interests through various entities and superannuation funds, underscoring his broad financial alignment with the group’s asset management platform.
The filing reports that Switzer acquired 20,000 additional ordinary shares in the company via an on-market trade at $0.25 per share, lifting his total direct and indirect shareholding to 7,116,656 shares. His performance rights remain unchanged at 491,000, and his positions in the company-managed ETFs are also unchanged, indicating a modest increase in equity exposure rather than a material shift in overall remuneration or fund holdings.
The most recent analyst rating on (AU:APL) stock is a Hold with a A$0.26 price target. To see the full list of analyst forecasts on Contango Asset Management Ltd. stock, see the AU:APL Stock Forecast page.
More about Contango Asset Management Ltd.
Associate Global Partners Limited is an Australian-listed asset management group that offers investment products including listed funds such as the WCM Quality Global Growth Fund-Active ETF and the Switzer Dividend Growth Fund. The company operates through subsidiaries that act as responsible entities for these funds, giving investors access to actively managed equity strategies across income and global growth mandates.
Average Trading Volume: 27,664
Technical Sentiment Signal: Buy
Current Market Cap: A$14.39M
Find detailed analytics on APL stock on TipRanks’ Stock Analysis page.