Brookfield Business Partners (TSE:BBU.UN) Trading 0.1% Higher - What's Next?

Brookfield Business Partners LP (TSE:BBU.UN - Get Free Report) shot up 0.1% on Wednesday . The stock traded as high as C$35.52 and last traded at C$35.35. 11,139 shares changed hands during mid-day trading, a decline of 78% from the average session volume of 49,738 shares. The stock had previously closed at C$35.33.

Brookfield Business Partners Price Performance

The stock has a fifty day moving average of C$34.37 and a 200 day moving average of C$32.97. The company has a debt-to-equity ratio of 241.05, a current ratio of 1.00 and a quick ratio of 0.65. The stock has a market cap of C$2.61 billion, a price-to-earnings ratio of 3.92, a P/E/G ratio of 2.61 and a beta of 1.45.

Brookfield Business Partners Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Monday, June 30th were given a $0.0625 dividend. This represents a $0.25 dividend on an annualized basis and a dividend yield of 0.71%. The ex-dividend date was Friday, May 30th. Brookfield Business Partners's dividend payout ratio (DPR) is presently 3.79%.

Insider Activity at Brookfield Business Partners

In other Brookfield Business Partners news, Director Anne Ruth Herkes acquired 604 shares of the business's stock in a transaction dated Thursday, June 26th. The stock was acquired at an average cost of C$41.50 per share, for a total transaction of C$25,064.20. 3.96% of the stock is owned by company insiders.

About Brookfield Business Partners

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.