Brookfield Business Partners (TSE:BBU.UN) Trading 0.6% Higher

Brookfield Business Partners LP (TSE:BBU.UN)’s stock price shot up 0.6% during mid-day trading on Wednesday . The company traded as high as C$30.00 and last traded at C$29.85. 49,518 shares were traded during mid-day trading, an increase of 18% from the average session volume of 41,964 shares. The stock had previously closed at C$29.68.

Brookfield Business Partners Stock Up 0.6 %

The firm has a market cap of C$2.22 billion, a P/E ratio of 3.38, a price-to-earnings-growth ratio of 2.61 and a beta of 1.45. The company’s 50-day simple moving average is C$27.40 and its 200 day simple moving average is C$27.14. The company has a debt-to-equity ratio of 241.05, a current ratio of 1.00 and a quick ratio of 0.65.

Brookfield Business Partners Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, September 27th. Stockholders of record on Friday, September 27th will be issued a $0.0625 dividend. This represents a $0.25 dividend on an annualized basis and a dividend yield of 0.84%. The ex-dividend date is Friday, August 30th. Brookfield Business Partners’s dividend payout ratio (DPR) is 3.85%.

Insider Buying and Selling

In other news, insider Brookfield Corporation purchased 3,591 shares of the company’s stock in a transaction that occurred on Friday, July 5th. The stock was purchased at an average cost of C$18.37 per share, with a total value of C$65,948.72. Insiders purchased a total of 33,910 shares of company stock worth $823,511 over the last three months. 3.96% of the stock is owned by 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.