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Pinnacle Investment Management Group Limited ( (AU:PNI) ) has shared an announcement.
Pinnacle Investment Management Group Limited has notified the ASX that it will conduct an employee share scheme buy-back of up to 250,000 ordinary fully paid shares out of a total of 227.7 million shares on issue. The targeted off-market buy-back is relatively small in scale and is aimed at managing shares issued under employee equity plans, which can help optimise Pinnacle’s capital structure, manage dilution from staff incentives, and support the orderly administration of its employee share schemes without materially affecting its overall share capital base.
The most recent analyst rating on (AU:PNI) stock is a Buy with a A$22.60 price target. To see the full list of analyst forecasts on Pinnacle Investment Management Group Limited stock, see the AU:PNI Stock Forecast page.
More about Pinnacle Investment Management Group Limited
Pinnacle Investment Management Group Limited is an ASX-listed investment management firm (ASX: PNI) that operates in the financial services industry, providing investment management, distribution and support services to a range of affiliated fund managers. Its primary business involves offering investors access to specialist investment strategies across multiple asset classes through its network of boutique investment affiliates, with a focus on institutional and retail markets in Australia and potentially offshore.
Average Trading Volume: 995,598
Technical Sentiment Signal: Sell
Current Market Cap: A$3.57B
See more insights into PNI stock on TipRanks’ Stock Analysis page.