SCHEDULE: Van Berkom & Associates Reports Zero Pennant Group Stake

Van Berkom & Associates Inc. has filed an amended Schedule 13G, reporting zero beneficial ownership in Pennant Group, Inc. common shares as of September 30, 2025.

Summary

• Van Berkom & Associates Inc., a Canadian investment adviser, filed an Amendment No. 1 to Schedule 13G regarding its holdings in Pennant Group, Inc. (PNTG) common shares.
• As of September 30, 2025, Van Berkom & Associates Inc. beneficially owns 0 shares of Pennant Group, Inc., representing 0% of the class.
• The reporting person holds no sole or shared voting power, nor any sole or shared dispositive power over Pennant Group, Inc. common 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: 3

Explanation: The filing indicates a complete divestment by Van Berkom & Associates Inc. from Pennant Group, Inc., which can be interpreted negatively as an institutional investor no longer sees value in holding the shares.

Negatives

• Van Berkom & Associates Inc., an institutional investment adviser, has completely divested its position in Pennant Group, Inc., reducing its beneficial ownership to 0%.

Future Outlook

No forward-looking statements or guidance were provided in this filing.

Management Comments

• "By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under 240.14a-11."

Industry Context

This filing is a routine disclosure for institutional investors, indicating a change in their holdings. A complete divestment by an investment adviser could signal a shift in their investment strategy or a revised outlook on the company's prospects, potentially influencing other market participants.

Stakeholder Impact

• Shareholders may perceive the complete divestment by an institutional investor as a negative signal, potentially impacting investor confidence and the company's stock valuation.

Key Dates

Recommendation

Van Berkom & Associates Inc.'s complete divestment of its stake in Pennant Group, Inc. suggests a loss of confidence or a strategic shift away from the company by a professional investment adviser. This action could signal underlying concerns or a belief that better investment opportunities exist elsewhere, warranting a 'sell' recommendation for current holders to re-evaluate their positions.

Keywords

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