Pacific Current updates daily figures on ongoing on-market share buy-back

Pacific Current Group Ltd ( (AU:PAC) ) has shared an update.

Pacific Current Group Limited, listed on the ASX under the code PAC, operates in the investment management sector through ownership interests in specialist asset managers. The company’s business model centres on leveraging its capital and expertise to support and expand boutique investment firms serving institutional and professional investors.

Pacific Current has issued an updated notification on its on-market share buy-back program, reporting a total of 599,459 shares repurchased before the previous trading day and a further 36,033 ordinary fully paid shares bought back on that day. The continued daily buy-back activity signals ongoing capital management efforts, which can support earnings per share and indicate management’s confidence in the company’s valuation, with potential implications for shareholder returns and market perception of the stock.

The most recent analyst rating on (AU:PAC) stock is a Buy with a A$11.00 price target. To see the full list of analyst forecasts on Pacific Current Group Ltd stock, see the AU:PAC Stock Forecast page.

More about Pacific Current Group Ltd

Pacific Current Group Limited is an Australia-listed company trading under the ASX code PAC, with ordinary fully paid shares on issue. The group operates as an investment management and funds platform business, focusing on acquiring and growing stakes in boutique asset managers and related financial services firms for institutional and wholesale clients.

Average Trading Volume: 18,248

Technical Sentiment Signal: Hold

Current Market Cap: A$289.8M

For an in-depth examination of PAC stock, go to TipRanks’ Overview page.