Insider Buying: Brookfield Business Partners LP (TSE:BBU.UN) Director Buys 2,850 Shares of Stock

Brookfield Business Partners LP (TSE:BBU.UN) Director Michael James Warren bought 2,850 shares of the business’s stock in a transaction dated Thursday, May 4th. The shares were acquired at an average cost of C$17.72 per share, for a total transaction of C$50,490.60.

Michael James Warren also recently made the following trade(s):

• On Tuesday, June 4th, Michael James Warren acquired 2,000 shares of Brookfield Business Partners stock. The shares were bought at an average price of C$20.14 per share, with a total value of C$40,273.40.

Brookfield Business Partners Trading Up 0.7 %

TSE:BBU.UN opened at C$26.29 on Friday. The company has a quick ratio of 0.65, a current ratio of 1.10 and a debt-to-equity ratio of 237.54. Brookfield Business Partners LP has a 52-week low of C$16.86 and a 52-week high of C$31.82. The stock’s 50 day moving average price is C$26.25 and its 200 day moving average price is C$27.34. The company has a market capitalization of C$1.95 billion, a PE ratio of 3.18, a P/E/G ratio of 2.61 and a beta of 1.45.

Brookfield Business Partners Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 28th will be given a $0.0625 dividend. The ex-dividend date is Friday, May 31st. This represents a $0.25 annualized dividend and a yield of 0.95%. Brookfield Business Partners’s dividend payout ratio (DPR) is 4.12%.

Analyst Upgrades and Downgrades

Separately, Royal Bank of Canada reduced their price target on shares of Brookfield Business Partners from C$33.00 to C$32.00 and set an “outperform” rating for the company in a research report on Monday, April 29th.

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.