tiprankstipranks
Trending News
More News >
Advertisement
Advertisement

360 Capital Group’s Director Increases Stake with Significant Acquisition

Story Highlights
  • 360 Capital Group focuses on investment management in property and financial assets.
  • Director Tony Pitt acquired over 7 million securities, boosting his stake in the company.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
360 Capital Group’s Director Increases Stake with Significant Acquisition

Elevate Your Investing Strategy:

  • Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.

An update from 360 Capital Group Limited ( (AU:TGP) ) is now available.

360 Capital Group Limited announced a change in the director’s interest, specifically concerning Tony Robert Pitt. The change involved the acquisition of 7,148,641 fully paid ordinary stapled securities through both on-market trade and off-market acceptance of a takeover offer. This acquisition increases Pitt’s total holdings to 138,793,407 securities, indicating a significant investment in the company, which may reflect confidence in its future performance and could impact stakeholder perceptions.

The most recent analyst rating on (AU:TGP) stock is a Hold with a A$0.50 price target. To see the full list of analyst forecasts on 360 Capital Group Limited stock, see the AU:TGP Stock Forecast page.

More about 360 Capital Group Limited

360 Capital Group Limited operates in the investment management industry, focusing on property and other financial assets. The company provides investment opportunities through its stapled entity, 360 Capital Investment Trust, and engages in managing and acquiring assets to generate returns for its stakeholders.

Average Trading Volume: 686,068

Technical Sentiment Signal: Strong Buy

Current Market Cap: A$57.6M

For a thorough assessment of TGP stock, go to TipRanks’ Stock Analysis page.

Disclaimer & DisclosureReport an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App
1