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Pinnacle Investment Management Group Limited ( (AU:PNI) ) has shared an announcement.
Pinnacle Investment Management Group Limited has announced the cessation of 250,000 ordinary fully paid shares following a buy-back conducted under its employee share scheme. The cancellation marginally reduces the company’s issued capital and reflects ongoing capital management and equity incentive administration, with limited direct operational impact but incremental implications for existing shareholders’ relative ownership.
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 Australia-based investment management firm listed on the ASX under the code PNI. The company operates in the financial services industry, focusing on asset and funds management through a multi-affiliate model, providing investment strategies and products to institutional, wholesale, and retail investors.
Average Trading Volume: 995,598
Technical Sentiment Signal: Sell
Current Market Cap: A$3.57B
Learn more about PNI stock on TipRanks’ Stock Analysis page.