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Pinnacle Investment Announces Share Buy-Back

Story Highlights
  • Pinnacle Investment focuses on investment management in the financial services industry.
  • The company plans to buy back 55,000 shares, impacting share value and shareholder returns.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Pinnacle Investment Announces Share Buy-Back

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Pinnacle Investment Management Group Limited ( (AU:PNI) ) has issued an update.

Pinnacle Investment Management Group Limited has announced a buy-back of its ordinary fully paid securities, with a total of 55,000 shares proposed to be repurchased. This move is part of the company’s strategic financial management efforts, potentially impacting its share value and providing benefits to its shareholders by returning capital.

The most recent analyst rating on (AU:PNI) stock is a Hold with a A$21.50 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 operates in the financial services industry, focusing on investment management. It provides a range of investment products and services, catering to various market segments and stakeholders.

Average Trading Volume: 847,429

Technical Sentiment Signal: Buy

Current Market Cap: A$4.13B

For detailed information about PNI stock, go to TipRanks’ Stock Analysis page.

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