Brookfield Business Partners (TSE:BBU.UN) Hits New 1-Year High – What’s Next?

Brookfield Business Partners LP (TSE:BBU.UNGet Free Report) shares reached a new 52-week high on Tuesday . The company traded as high as C$32.99 and last traded at C$32.70, with a volume of 10379 shares traded. The stock had previously closed at C$32.10.

Brookfield Business Partners Stock Performance

The stock’s 50 day moving average price is C$28.92 and its 200 day moving average price is C$27.50. The company has a debt-to-equity ratio of 241.05, a quick ratio of 0.65 and a current ratio of 1.00. The company has a market capitalization of C$2.50 billion, a P/E ratio of 3.67, a price-to-earnings-growth ratio of 2.61 and a beta of 1.45.

Brookfield Business Partners Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Friday, September 27th were paid a $0.0625 dividend. This represents a $0.25 dividend on an annualized basis and a dividend yield of 0.74%. The ex-dividend date was Friday, August 30th. Brookfield Business Partners’s dividend payout ratio is currently 3.87%.

Insider Activity

In other news, insider Brookfield Corporation acquired 12,500 shares of Brookfield Business Partners stock in a transaction dated Friday, July 19th. The shares were bought at an average cost of C$27.25 per share, with a total value of C$340,625.00. In the last three months, insiders have bought 28,074 shares of company stock valued at $714,720. 3.96% of the stock is currently owned by insiders.

About Brookfield Business Partners

(Get Free Report)

Brookfield Business Partners L.P. is a private equity firm specializes in acquisition. The firm typically invests in business services, construction, energy, and industrials sector. It prefers to take majority stake in companies. The firm seeks returns of at least 15% on its investments. Brookfield Business Partners L.P.

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