Three ASX-listed credit funds run by Pinnacle affiliate Metrics Credit Partners were voluntarily suspended from trading before the market open on Sept. 28, after disclosing that audited net tangible assets will land about 5% below preliminary estimates once finalized on Sept. 30.
Pinnacle is known as a high-quality growth partner for well-performing boutique managers. There is potential for further earnings upside through increased distribution and new boutiques.
Pinnacle’s boutiques are typically smaller (that is, have less FUM) than stand-alone listed managers, meaning there is greater risk for them to be nonviable if there is a major fall in capital markets or large client redemption.
|
Metric
|
PNI
|
PPT
|
MFG
|
|---|---|---|---|
Price/Earnings (Normalized) | 17.03 | 10.11 | 10.11 |
Price/Book Value | 2.71 | 1.27 | 1.42 |
Price/Sales | 20.60 | 1.78 | 7.27 |
Price/Cash Flow | 8.72 | 7.24 | 11.12 |
|
Metric
|
PNI
|
PPT
|
MFG
|
|---|---|---|---|
Quick Ratio | — | 0.75 | — |
Current Ratio | — | 1.58 | — |
Interest Coverage | — | 1.31 | — |
|
Metric
|
PNI
|
PPT
|
MFG
|
|---|---|---|---|
Return on Assets (Normalized) | 14.69% | 5.56% | 13.37% |
Return on Equity (Normalized) | 17.63% | 11.64% | 14.42% |
Return on Invested Capital (Normalized) | — | 7.69% | — |
|
1-Day Chart
|
Name
|
Price
|
Morningstar Rating for Stocks
|
Capital Allocation
|
Economic Moat
|
Market Cap
|
|---|---|---|---|---|---|---|
| BlackRock Inc
BLK
| LOCK|?w$d#T^ | LOCK|j! | $165B | |||
| Blackstone Inc
BX
| LOCK|GG$<p!@ | LOCK|@# | $90B | |||
| KKR & Co Inc Ordinary Shares
KKR
| LOCK|PHPMm!> | LOCK|<%@l | $82B | |||
| Brookfield Asset Management Ltd Ordinary Shares - Class A
BAM
| LOCK|s>#%sJ | LOCK|vV#@L | $71B | |||
| Apollo Global Management Inc
APO
| LOCK|HzBm$g | LOCK|W#tB | $68B | |||
| State Street Corp
STT
| LOCK|twzl#r& | LOCK|&N | $48B | |||
| Ameriprise Financial Inc
AMP
| LOCK|R$KW^v | LOCK|yPj? | $44B | |||
| Northern Trust Corp
NTRS
| LOCK|?pQQ^?<X | LOCK|<K | $31B | |||
| Raymond James Financial Inc
RJF
| LOCK|Q??%w# | LOCK|Zr$t# | $31B | |||
| Ares Management Corp Ordinary Shares - Class A
ARES
| LOCK|>>fnCJ | LOCK|>zYQ | $27B |
United States