Brookfield Business Partners (TSE:BBU.UN) Shares Up 0.6% - Should You Buy?

Key Points

• Brookfield Business Partners LP shares increased by 0.6% to C$37.41, though trading volume was down 20% compared to the average.
• The firm recently announced a quarterly dividend of $0.0625 per share, yielding 0.7%, set to be paid on September 29th.
• Insider trading activity was noted, with Director Anne Ruth Herkes purchasing 604 shares at an average price of C$41.50, indicating insider confidence in the company.

Shares of Brookfield Business Partners LP (TSE:BBU.UN - Get Free Report) shot up 0.6% on Wednesday . The company traded as high as C$37.84 and last traded at C$37.41. 34,685 shares traded hands during trading, a decline of 20% from the average session volume of 43,433 shares. The stock had previously closed at C$37.18.

Brookfield Business Partners Stock Performance

The firm has a fifty day simple moving average of C$36.14 and a 200 day simple moving average of C$34.02. The company has a current ratio of 1.00, a quick ratio of 0.65 and a debt-to-equity ratio of 241.05. The stock has a market cap of C$3.43 billion, a price-to-earnings ratio of -275.71, a PEG ratio of 2.61 and a beta of 1.69.

Brookfield Business Partners Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 29th. Shareholders of record on Monday, September 29th will be paid a dividend of $0.0625 per share. The ex-dividend date is Friday, August 29th. This represents a $0.25 dividend on an annualized basis and a yield of 0.6%. Brookfield Business Partners's payout ratio is currently -178.57%.

Insider Activity

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

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.