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Lorne Park Capital ( (TSE:LPC) ) has shared an update.
Lorne Park Capital Partners Inc. has acquired 100% of the outstanding securities of 1001273791 Ontario Ltd., a wealth management practice holding approximately $40 million in assets under management, through its subsidiary Bellwether Investment Management Inc. This acquisition, valued at $1.3 million, is expected to enhance Bellwether’s service offerings and strengthen its position in the wealth management industry, with Gordon Archer, the former owner, joining as an employee to continue serving clients.
The most recent analyst rating on (TSE:LPC) stock is a Buy with a C$2.50 price target. To see the full list of analyst forecasts on Lorne Park Capital stock, see the TSE:LPC Stock Forecast page.
Spark’s Take on TSE:LPC Stock
According to Spark, TipRanks’ AI Analyst, TSE:LPC is a Outperform.
Lorne Park Capital’s strong financial performance is the most significant factor, with robust revenue growth and efficient cost management. Technical analysis shows a positive trend, though the stock may be overbought. Valuation is a concern with a high P/E ratio, suggesting potential overvaluation. The absence of earnings call and corporate events data limits additional insights.
To see Spark’s full report on TSE:LPC stock, click here.
More about Lorne Park Capital
Lorne Park Capital Partners Inc. (LPCP) is a company that consolidates boutique investment management and wealth advisory firms to provide cost-effective investment solutions to affluent investors, foundations, estates, and trusts. Its subsidiary, Bellwether Investment Management Inc., offers tailored investment solutions with a focus on North American Dividend Growth investing, serving affluent families with Canadian, US, and global equity and fixed income strategies.
Average Trading Volume: 7,409
Technical Sentiment Signal: Buy
Current Market Cap: C$120.8M
Learn more about LPC stock on TipRanks’ Stock Analysis page.