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Pengana Capital Group Ltd. ( (AU:PCG) ) has provided an announcement.
Pengana Capital Group Ltd., an ASX-listed investment manager, operates in the funds management industry, providing actively managed investment products to institutional and retail clients under its ordinary fully paid PCG securities.
The company has issued an updated notification to the ASX regarding its on-market share buy-back program, reporting that a total of 1,254,682 shares had been repurchased prior to the latest trading day and a further 6,852 shares were bought back on the previous day. The ongoing daily buy-back activity signals continued capital management efforts, which can support the company’s share price, adjust its capital structure, and potentially enhance value for existing shareholders by reducing the number of shares on issue.
More about Pengana Capital Group Ltd.
Pengana Capital Group Ltd. is an Australian-listed investment management company focused on managing diversified funds for institutional and retail investors. Its primary business involves offering actively managed investment strategies, with its ordinary fully paid shares trading on the ASX under the ticker PCG.
Average Trading Volume: 38,764
Technical Sentiment Signal: Sell
Current Market Cap: A$68.04M
See more data about PCG stock on TipRanks’ Stock Analysis page.