Pershing Square (OTCMKTS:PSHZF) Sets New 12-Month High - Time to Buy?

Key Points

• Pershing Square Holdings shares reached a new 52-week high of $62.50, closing at $61.86 with a trading volume of 24,174 shares.
• The company announced a quarterly dividend of $0.1646 per share, to be paid on September 19th, reflecting an annualized yield of 1.1%.
• Pershing Square is a closed-ended balanced fund that invests in public equity and fixed income markets globally, focusing on value stocks.

Pershing Square Holdings, Ltd. (OTCMKTS:PSHZF - ) shares hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $62.50 and last traded at $61.86, with a volume of 24174 shares trading hands. The stock had previously closed at $60.86.

Pershing Square Stock Up 1.6%

The company has a 50-day simple moving average of $56.95 and a 200-day simple moving average of $52.37. The company has a debt-to-equity ratio of 0.18, a current ratio of 2.01 and a quick ratio of 2.01.

Pershing Square Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, September 19th. Stockholders of record on Friday, August 15th will be given a dividend of $0.1646 per share. This represents a $0.66 dividend on an annualized basis and a dividend yield of 1.1%.

Pershing Square Company Profile

Pershing Square Holdings, Ltd. is a closed-ended balanced fund launched and managed by Pershing Square Capital Management, L.P. It invests in public equity and fixed income markets across the globe. The fund seeks to invest in stocks of companies operating across diversified sectors. It primarily invests in value stocks of companies.

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