Major shareholder purchases 1,000,000 shares of $PMNT

Reeve Benaron, a 10% owner of $PMNT, made a significant purchase of the company’s shares on June 30, 2025. The transaction involved acquiring 1,000,000 shares valued at an estimated $300,000. This purchase was disclosed through a recent SEC filing and reported by Quiver Quantitative. As a result of this transaction, Reeve Benaron’s ownership of this specific class of $PMNT stock has surged by roughly 20.6%, bringing their total holdings to 5,851,995 shares.

In the last six months, $PMNT insiders have been actively involved in trading the company’s stock. Over this period, insiders have carried out 15 transactions, all of which have been purchases with no sales reported. Among these insider trades, Max Gottschalk stands out with 14 purchases amounting to 2,146,411 shares acquired for an estimated total of $2,616,474. Reeve Benaron’s recent purchase of 1,000,000 shares for $300,000 further underscores the insider activity within $PMNT.

Turning to hedge fund activity, 5 institutional investors have opted to increase their stake in $PMNT, while only 1 has decided to decrease their position in the most recent quarter. Notable additions to $PMNT’s portfolio include US Bancorp DE acquiring 250,000 shares, representing a 100.0% increase, with an estimated value of $275,000. Similarly, Magnus Financial Group LLC added 74,550 shares, a growth of 271.8%, valued at around $82,005. In contrast, Chapin Davis, Inc. opted to reduce their holdings by 11,000 shares, equivalent to a 27.5% decrease, with an estimated value of $12,100.

Other institutional investors such as JPMorgan Chase & Co, UBS Group AG, and XTX Topco Ltd also showcased varying levels of activity in adjusting their $PMNT stock portfolios during the first quarter of 2025. Despite the fluctuations in positions by some investors, the overall sentiment appears to lean towards an increase in holdings by institutional investors.

It is essential to note that this article serves to report on the recent insider and hedge fund activity within $PMNT and is not intended as financial advice. Interested parties can access Quiver Quantitative’s platforms to monitor insider trading and institutional holdings for further insights. It is advisable to review Quiver Quantitative’s disclaimers for additional information before making any investment decisions.