Pinnacle Investment Management Group (ASX:PNI) Stock Price Down 1.5%

Pinnacle Investment Management Group Ltd (ASX:PNI)’s stock price traded down 1.5% on Friday . The company traded as low as A$4.46 ($3.16) and last traded at A$4.50 ($3.19), 513,067 shares changed hands during trading. The stock had previously closed at A$4.57 ($3.24).

The business has a 50-day moving average price of A$4.44 and a two-hundred day moving average price of A$5.08. The company has a market capitalization of $822.91 million and a price-to-earnings ratio of 26.32.

The firm also recently disclosed a Final dividend, which will be paid on Friday, October 4th. Shareholders of record on Friday, October 4th will be paid a $0.093 dividend. The ex-dividend date of this dividend is Thursday, September 19th. This represents a yield of 2.01%. Pinnacle Investment Management Group’s dividend payout ratio (DPR) is presently 87.72%.

In other news, insider Adrian Whittingham sold 400,000 shares of the company’s stock in a transaction on Wednesday, August 28th. The stock was sold at an average price of A$4.45 ($3.16), for a total transaction of A$1,780,000.00 ($1,262,411.35).

About Pinnacle Investment Management Group (ASX:PNI)

Pinnacle Investment Management Group Limited operates as an investment management company in Australia. The company offers third party distribution, and fund infrastructure and support services to its affiliates and various investment managers. It also operates as a corporate trustee and responsible entity for retail and wholesale investment trusts.

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