Brookfield Business Partners (TSE:BBU.UN) Shares Down 2.3% - Should You Sell?

Key Points

• Brookfield Business Partners' stock fell by 2.3%, trading at C$33.80 with a market capitalization of C$2.51 billion, highlighting a significant drop in share value.
• The company announced a quarterly dividend of $0.0625 per share, yielding 0.74%, with a low dividend payout ratio of 3.79%.
• Insider activity included the purchase of 604 shares by Director Anne Ruth Herkes at an average cost of C$41.50, indicating potential confidence in the company's future performance.

Brookfield Business Partners LP (TSE:BBU.UN - Get Free Report) shares were down 2.3% during mid-day trading on Wednesday . The stock traded as low as C$33.55 and last traded at C$33.80. Approximately 19,725 shares changed hands during mid-day trading, a decline of 58% from the average daily volume of 46,967 shares. The stock had previously closed at C$34.59.

Brookfield Business Partners Stock Down 0.6%

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 firm's 50-day moving average is C$34.76 and its 200 day moving average is C$33.18. The firm has a market capitalization of C$2.46 billion, a PE ratio of 3.70, a price-to-earnings-growth ratio of 2.61 and a beta of 1.45.

Brookfield Business Partners Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Monday, June 30th were paid a dividend of $0.0625 per share. The ex-dividend date was Friday, May 30th. This represents a $0.25 annualized dividend and a yield of 0.8%. Brookfield Business Partners's dividend payout ratio is currently 3.79%.

Insider Buying and Selling at Brookfield Business Partners

In related news, Director Anne Ruth Herkes acquired 604 shares of the business's stock in a transaction on Thursday, June 26th. The shares were bought at an average cost of C$41.50 per share, with a total value of C$25,064.20. 3.96% of the stock is owned by corporate 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.