Insider Buying Stands Out as Partners Group Shares Languish Near 52-Week Low
Published on 06/21/2026 at 13:45 | Redaktion boerse-global.de
The sell-off in Partners Group has been punishing, yet executives are putting their own money on the line. Shares closed at €735.00 on Friday, barely a whisker above the 52-week low of €731.40, after shedding roughly a third of their market value since the start of the year. The RSI indicator has sunk to 26.4, deep into oversold territory. Against that backdrop, company insiders have purchased shares worth more than CHF 20 million over the past few months — a vote of confidence that stands in stark contrast to the broader market’s gloom.
Investors have been fleeing the group’s semi-liquid vehicles with unusual force. In the second quarter, redemption requests in the Global Value SICAV fund reached nearly 10% of net asset value, forcing management to cap payouts at 5%. Across the Atlantic, a US vehicle faced similar pressure: after the May liquidity window, around 6% of capital was pulled. The ongoing dispute with Grizzly Research, the short-seller that likened Partners Group’s valuation practices to Wirecard, has only deepened the trust deficit. The company has hit back legally, and co-founder Fredy Gantner has pledged to pursue criminal charges — though he acknowledged communication missteps.
Amid the chaos, the dividend story remains a study in contrasts. At the annual general meeting in May, shareholders approved a payout of CHF 46.00 per share, a 9.5% increase from the prior year. Analysts at FactSet expect a further rise to CHF 48.66 for 2026. The high implied yield, however, is more a reflection of the collapsing share price than any newfound generosity. With the payout ratio already exceeding 90%, there is almost no cushion if earnings take a hit.
Should investors sell immediately? Or is it worth buying Partners Group?
The next hard data point arrives on July 15, when Partners Group releases its assets under management as of June 30. The company has stuck to its full-year guidance of CHF 26 billion to CHF 32 billion in gross new client inflows. For the first half, it expects positive net inflows from the Evergreen platform, though a 1-2% drag on net AuM growth is anticipated in the second half — and a similar effect is projected for 2027. The market will scrutinise whether the growth trajectory is intact despite the redemption pressure.
Analyst opinion is sharply divided. The 12-month average price target among the 16 analysts covering the stock stands at roughly CHF 1,040, but individual estimates range from CHF 760 to CHF 1,400 — a dispersion that underscores the uncertainty. Sadif Investment Analytics recently downgraded the shares to sell, while others see a potential rebound.
Meanwhile, the company is trying to reposition its offering. A new private-equity strategy launched in May uses less leverage and targets regular distributions. A separate real estate programme aims to raise US$1.5 billion; an initial closing has already brought in US$650 million. The first-half report due on September 1 will show whether these initiatives — and a new employee share purchase programme opened on June 5 — can help restore confidence.
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