Pinetree Capital (TSE:PNP) has released an update.
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Pinetree Capital Ltd. has reported a significant increase in book value per share (BVPS), rising 22% from $4.83 to $5.91 in the first half of 2024. The company’s equity investments also grew in value, comprising 91% of the total book value. Additionally, the company has successfully reduced its annual expenses as a percentage of book value from 2.6% to 1.2% within the same period.
For further insights into TSE:PNP stock, check out TipRanks’ Stock Analysis page.