Insigneo Advisory Services LLC Takes $201,000 Position in Icahn Enterprises L.P. (NASDAQ:IEP)

Insigneo Advisory Services LLC purchased a new position in shares of Icahn Enterprises L.P. (NASDAQ:IEP) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 12,302 shares of the conglomerate’s stock, valued at approximately $201,000.

Other large investors have also recently bought and sold shares of the company. BNP Paribas Financial Markets grew its stake in shares of Icahn Enterprises by 76.4% in the 1st quarter. BNP Paribas Financial Markets now owns 314,888 shares of the conglomerate’s stock valued at $5,356,000 after purchasing an additional 136,418 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. increased its stake in Icahn Enterprises by 621.0% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 270,995 shares of the conglomerate’s stock valued at $4,610,000 after buying an additional 233,410 shares during the period. Commonwealth Equity Services LLC raised its position in Icahn Enterprises by 6.1% during the 2nd quarter. Commonwealth Equity Services LLC now owns 109,724 shares of the conglomerate’s stock worth $1,808,000 after buying an additional 6,276 shares during the last quarter. Western Wealth Management LLC lifted its stake in shares of Icahn Enterprises by 10.5% in the 2nd quarter. Western Wealth Management LLC now owns 38,514 shares of the conglomerate’s stock worth $635,000 after acquiring an additional 3,650 shares during the period. Finally, Crew Capital Management Ltd. purchased a new stake in shares of Icahn Enterprises in the second quarter valued at about $628,000. Institutional investors and hedge funds own 87.09% of the company’s stock.

Icahn Enterprises Trading Down 0.3 %

Shares of Icahn Enterprises stock opened at $13.11 on Friday. The company has a quick ratio of 4.85, a current ratio of 4.85 and a debt-to-equity ratio of 1.23. The firm has a market cap of $5.92 billion, a price-to-earnings ratio of -11.40 and a beta of 0.77. Icahn Enterprises L.P. has a 52-week low of $9.72 and a 52-week high of $22.59. The company’s 50-day simple moving average is $14.58 and its 200-day simple moving average is $16.13.

Icahn Enterprises (NASDAQ:IEP) last issued its earnings results on Wednesday, August 7th. The conglomerate reported ($0.72) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.91). Icahn Enterprises had a negative return on equity of 8.62% and a negative net margin of 4.97%. The business had revenue of $2.36 billion for the quarter, compared to analysts’ expectations of $2.24 billion. During the same period last year, the company posted ($0.72) earnings per share. As a group, equities research analysts anticipate that Icahn Enterprises L.P. will post -0.42 earnings per share for the current year.

Icahn Enterprises Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 25th. Shareholders of record on Monday, August 19th were given a dividend of $1.00 per share. The ex-dividend date was Monday, August 19th. This represents a $4.00 annualized dividend and a dividend yield of 30.51%. Icahn Enterprises’s payout ratio is currently -347.83%.

About Icahn Enterprises

Icahn Enterprises L.P., through its subsidiaries, engages in the investment, energy, automotive, food packaging, real estate, home fashion, and pharma businesses in the United States and Internationally. The Investment segment invests its proprietary capital through various private investment funds. This segment provides investment advisory and other related services.