Brookfield Business Partners (TSE:BBU.UN) Reaches New 52-Week High - Still a Buy?

Key Points

• Brookfield Business Partners' shares reached a new 52-week high of C$38.74 during trading, reflecting strong demand with at least 1132 shares traded.
• The company declared a quarterly dividend of $0.0625 per share, set to be paid to investors on September 29th, with a yield of 0.7% and a payout ratio of 3.79%.
• Insider activity included Director Anne Ruth Herkes purchasing 604 shares at an average of C$41.50, indicating confidence in the stock despite its recent performance.

Brookfield Business Partners LP (TSE:BBU.UN - )'s share price hit a new 52-week high during trading on Monday . The company traded as high as C$38.74 and last traded at C$37.97, with a volume of 1132 shares trading hands. The stock had previously closed at C$38.44.

Brookfield Business Partners Stock Performance

The business has a 50 day moving average of C$35.08 and a 200 day moving average of C$33.62. The company has a market capitalization of C$2.82 billion, a P/E ratio of 4.24, a price-to-earnings-growth ratio of 2.61 and a beta of 1.45. The company has a quick ratio of 0.65, a current ratio of 1.00 and a debt-to-equity ratio of 241.05.

Brookfield Business Partners Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, September 29th. Investors of record on Monday, September 29th will be paid a dividend of $0.0625 per share. The ex-dividend date of this dividend is Friday, August 29th. This represents a $0.25 dividend on an annualized basis and a yield of 0.7%. Brookfield Business Partners's dividend payout ratio is presently 3.79%.

Insider Buying and Selling

In other news, Director Anne Ruth Herkes purchased 604 shares of the company's stock in a transaction that occurred on Thursday, June 26th. The stock was bought at an average cost of C$41.50 per share, with a total value of C$25,064.20. Insiders own 3.96% of the company's stock.

Brookfield Business Partners Company Profile

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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