Pengana Capital Steps Up On-Market Share Buy-Back Activity

Pengana Capital Group Ltd. ( (AU:PCG) ) has provided an update.

Pengana Capital Group Limited, an ASX-listed investment manager under ticker PCG, operates in the financial services sector providing funds management and related investment products to its clients. The company focuses on delivering investment solutions through listed ordinary fully paid shares that represent its equity on the Australian market.

Pengana has issued an update on its on-market share buy-back program, reporting that a total of 756,725 ordinary fully paid shares had been repurchased before the previous day and a further 98,547 shares were bought back on the prior trading day. The ongoing daily notifications signal that the company is actively executing its capital management strategy, which can support the share price, adjust capital structure and may be viewed by investors as a sign of confidence in the company’s valuation.

The most recent analyst rating on (AU:PCG) stock is a Hold with a A$1.00 price target. To see the full list of analyst forecasts on Pengana Capital Group Ltd. stock, see the AU:PCG Stock Forecast page.

More about Pengana Capital Group Ltd.

Pengana Capital Group Limited is an Australia-listed investment management company trading on the ASX under the code PCG. The group is involved in managing funds and investment products for clients, positioning itself within the financial services and asset management sector.

Average Trading Volume: 21,303

Technical Sentiment Signal: Sell

Current Market Cap: A$63.13M

See more data about PCG stock on TipRanks’ Stock Analysis page.