SCHEDULE: Van Berkom & Associates Amends Pennant Group Stake Disclosure

Van Berkom & Associates Inc. filed an amended Schedule 13G for Pennant Group, Inc., correcting a prior disclosure regarding its 9.01% beneficial ownership.

Summary

• Van Berkom & Associates Inc., a Canadian investment adviser, filed an Amendment No. 2 to its Schedule 13G for Pennant Group, Inc. (PNTG).
• The amendment corrects a previous filing from November 05, 2025, which incorrectly indicated that Van Berkom no longer beneficially owned securities of Pennant Group.
• As of September 30, 2025, Van Berkom & Associates Inc. beneficially owned 3,112,812 common shares of Pennant Group, Inc.
• This ownership represents 9.01% of the outstanding class of Pennant Group's securities.
• Van Berkom & Associates Inc. holds sole voting power and sole dispositive power over all 3,112,812 shares.
• The securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control of the issuer.

Sentiment

Score: 6

Explanation: The sentiment is neutral to slightly positive. The correction of a prior error is a minor negative, but the confirmation of a significant, stable institutional holding (9.01%) by Van Berkom & Associates Inc. is a positive for Pennant Group, Inc. as it indicates continued investor confidence.

Positives

• The filing clarifies and confirms a significant institutional holding by Van Berkom & Associates Inc. in Pennant Group, Inc.
• Van Berkom & Associates Inc. maintains a substantial 9.01% stake, indicating continued confidence in the company.
• The reporting person certified that the securities are held in the ordinary course of business and not for control-influencing purposes, which can be a positive signal for stability.

Negatives

• The necessity for an amendment indicates a prior error in reporting by the investment adviser, which, while corrected, could raise minor questions about internal reporting accuracy.

Future Outlook

No forward-looking statements or guidance from Pennant Group, Inc. are provided in this beneficial ownership filing.

Management Comments

• This Amendment No 2 to Schedule 13G is being filed to replace the Schedule 13G filed on November 05, 2025. The original filing was made based on our belief that we no longer beneficially owned securities of the issuer (Pennant Group Inc), but upon further review, we constantly held ownership and as of September 30, 2025, the beneficial ownership continued to represent more than 5% but less than 10% of the outstanding class of the issuer's securities and therefore no filing was required in this case. This amendment is being filed to correct the prior disclosure.

Industry Context

This filing is specific to an institutional investor's stake in Pennant Group, Inc., a company operating in the healthcare services industry. It confirms a significant institutional holding, which can be viewed as a vote of confidence in the company within its sector.

Stakeholder Impact

• Shareholders: Provides clarity on a significant institutional holding, potentially reinforcing confidence in the stock.
• Management: Awareness of a large, stable institutional investor.

Key Dates

Recommendation

This Schedule 13G amendment primarily corrects a prior disclosure regarding Van Berkom & Associates Inc.'s beneficial ownership in Pennant Group, Inc. It confirms a stable 9.01% stake, which is a positive signal of continued institutional confidence. However, the filing does not contain new operational or financial information about Pennant Group, Inc. that would warrant a change in investment thesis. Therefore, a 'hold' recommendation is appropriate, maintaining current positions based on existing fundamental analysis of Pennant Group, Inc., while acknowledging the confirmed institutional support.

Keywords

Pennant Group, PNTG, Van Berkom & Associates, Schedule 13G, beneficial ownership, institutional investor, common shares, investment adviser, SEC filing