Wasatch Micro Cap: “Pennant (PNTG) Will Show Improvement in the Coming Quarters”
Wasatch Global Investors, an investment management firm, published its “Wasatch Micro Cap Fund” first quarter 2021 investor letter – a copy of which can be downloaded here. A return of 10.95% was recorded by the fund for the Q1 of 2021, trailing the benchmark, Russell Microcap Index, which rose 23.89% for the same period. You can view the fund’s top 5 holdings to have a peek at their top bets for 2021.
Wasatch Micro Cap, in its Q1 2021 investor letter, mentioned The Pennant Group, Inc. (NASDAQ: PNTG), and shared their insights on the company. The Pennant Group, Inc. is an Idaho, United States-based home health care services company that currently has a $1.09 billion market capitalization. Since the beginning of the year, PNTG delivered a -35.11% return, while its 12-month gains are up by 115.78%. As of May 07, 2021, the stock closed at $38.38 per share.