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Contango Asset Management Ltd. ( (AU:APL) ) has shared an announcement.
Associate Global Partners Limited has disclosed a change in director Brett Peter Cairns’ indirect interests, stemming from his roles as director, shareholder and beneficiary in various Euclid Pty Limited–related entities that hold securities and units in funds managed by the group’s subsidiary. Cairns’ indirect holding in the WCM Quality Global Growth Fund Active ETF increased modestly from 9,983 to 10,100 units through the fund’s dividend reinvestment plan, with no change to his substantial ordinary shareholding in the company; the notice signals ongoing alignment between the director’s personal investments and the firm’s managed products but does not indicate any broader strategic or operational shift for the business.
The most recent analyst rating on (AU:APL) stock is a Hold with a A$0.20 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 investment management company whose subsidiaries act as responsible entities for listed funds. The group offers actively managed investment products, including the WCM Quality Global Growth Fund Active ETF, providing investors with access to global equity strategies via ASX-listed vehicles.
Average Trading Volume: 49,270
Technical Sentiment Signal: Hold
Current Market Cap: A$11.51M
Learn more about APL stock on TipRanks’ Stock Analysis page.