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Pinnacle Investment Management Group Limited ( (AU:PNI) ) has provided 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 227.7 million shares on issue. The move is aimed at managing shares issued under its employee share schemes and will have only a modest impact on the company’s overall capital base, while signalling continued active management of its equity structure and employee incentive arrangements.
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 Australian-listed investment management firm (ASX: PNI) that provides asset management and related investment services. The company operates through a network of affiliated investment managers, offering a range of investment strategies to institutional, wholesale and retail clients in Australia and potentially international markets.
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.