Boone Capital Management LLC Invests $19.06 Million in The Pennant Group, Inc. $PNTG

Posted by Francis Steltz on Aug 27th, 2026

Boone Capital Management LLC purchased a new stake in The Pennant Group, Inc. (NASDAQ:PNTG – Free Report) during the 2nd quarter, HoldingsChannel reports. The fund purchased 515,818 shares of the company’s stock, valued at approximately $19,059,000. The Pennant Group accounts for 4.5% of Boone Capital Management LLC’s holdings, making the stock its 10th biggest position.

A number of other institutional investors also recently modified their holdings of the business. Vanguard Group Inc. boosted its holdings in The Pennant Group by 4.2% in the 4th quarter. Vanguard Group Inc. now owns 2,049,968 shares of the company’s stock worth $57,707,000 after buying an additional 82,071 shares during the period. Rice Hall James & Associates LLC purchased a new position in The Pennant Group in the 2nd quarter valued at approximately $9,241,000. Turtle Creek Asset Management Inc. raised its holdings in The Pennant Group by 12,075.6% during the 1st quarter. Turtle Creek Asset Management Inc. now owns 1,582,823 shares of the company’s stock valued at $48,244,000 after acquiring an additional 1,569,823 shares during the period. Sei Investments Co. raised its holdings in The Pennant Group by 33.7% during the 1st quarter. Sei Investments Co. now owns 153,546 shares of the company’s stock valued at $4,680,000 after acquiring an additional 38,735 shares during the period. Finally, Deutsche Bank AG bought a new stake in The Pennant Group during the 2nd quarter valued at $5,132,000. 85.88% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms have recently commented on PNTG. Wall Street Zen raised The Pennant Group from a “hold” rating to a “buy” rating in a report on Saturday, June 20th. Royal Bank Of Canada lifted their price target on The Pennant Group from $42.00 to $44.00 and gave the company an “outperform” rating in a research report on Thursday, August 20th. Truist Financial boosted their price objective on The Pennant Group from $42.00 to $48.00 and gave the company a “buy” rating in a research note on Tuesday, July 14th. Weiss Ratings raised The Pennant Group from a “buy (b-)” rating to a “buy (b)” rating in a report on Wednesday, August 19th. Finally, Wells Fargo & Company raised their target price on The Pennant Group from $45.00 to $46.00 and gave the stock an “overweight” rating in a research note on Tuesday, August 11th. Seven investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $41.60.

Read Our Latest Research Report on The Pennant Group

The Pennant Group Stock Performance

The Pennant Group stock opened at $38.28 on Thursday. The firm’s 50 day simple moving average is $38.85 and its 200 day simple moving average is $34.59. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 0.48. The firm has a market capitalization of $1.34 billion, a PE ratio of 42.53, a price-to-earnings-growth ratio of 2.49 and a beta of 1.26. The Pennant Group, Inc. has a 1-year low of $22.25 and a 1-year high of $42.69.

The Pennant Group (NASDAQ:PNTG – Get Free Report) last posted its earnings results on Wednesday, August 5th. The company reported $0.36 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.33 by $0.03. The Pennant Group had a net margin of 2.93% and a return on equity of 10.33%. The business had revenue of $297.98 million for the quarter, compared to analysts’ expectations of $288.71 million. The Pennant Group has set its FY 2026 guidance at 1.340-1.410 EPS. As a group, analysts expect that The Pennant Group, Inc. will post 1.18 earnings per share for the current fiscal year.

The Pennant Group Company Profile

(Free Report)

The Pennant Group (NASDAQ: PNTG) is a publicly traded holding company that provides specialized services to the asset management industry. Through its operating subsidiaries, the company delivers outsourced fund administration, securities lending, prime brokerage, and capital markets solutions designed to support hedge funds, private equity firms, mutual funds and other institutional investors. By leveraging a combination of technology platforms and industry expertise, The Pennant Group helps clients streamline middle- and back-office processes, enhance operational efficiency and manage regulatory requirements.

Key service offerings include fund accounting and reporting, trade settlement and reconciliation, risk monitoring, securities lending programs and execution support across a range of asset classes.