Petershill Partners (LON:PHLL) Hits New 52-Week High – Here’s Why

Petershill Partners (LON:PHLL)’s share price hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as GBX 275.73 ($3.45) and last traded at GBX 252.50 ($3.16), with a volume of 227730 shares traded. The stock had previously closed at GBX 255.50 ($3.19).

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on PHLL shares. Berenberg Bank reiterated a “buy” rating and issued a GBX 235 ($2.94) price objective on shares of Petershill Partners in a report on Wednesday, September 18th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a GBX 245 ($3.06) price objective on shares of Petershill Partners in a report on Thursday, September 5th.

Petershill Partners Price Performance

The company has a current ratio of 1.40, a quick ratio of 6.11 and a debt-to-equity ratio of 10.41. The company has a market capitalization of £2.72 billion, a P/E ratio of 1,093.48, a P/E/G ratio of 1.24 and a beta of 0.59. The firm has a fifty day moving average of GBX 235.12 and a 200 day moving average of GBX 221.38.

Petershill Partners Increases Dividend

The company also recently announced a dividend, which will be paid on Friday, December 20th. Shareholders of record on Thursday, November 21st will be issued a $0.18 dividend. This is an increase from Petershill Partners’s previous dividend of $0.14. The ex-dividend date of this dividend is Thursday, November 21st. This represents a yield of 6.21%. Petershill Partners’s dividend payout ratio is currently 5,217.39%.

Insider Activity

In other news, insider Naguib Kheraj bought 28,000 shares of the firm’s stock in a transaction on Wednesday, November 20th. The shares were bought at an average price of GBX 255 ($3.19) per share, for a total transaction of £71,400 ($89,238.85). Insiders own 0.72% of the company’s stock.

Petershill Partners Company Profile

Petershill Partners PLC operates as a general partner solutions investment firm. It provides capital and strategic support to asset managers through minority stake acquisitions. The company was formerly known as Delta Epsilon plc and changed its name to Petershill Partners PLC in September 2, 2021. The company was founded in 2007 and is based in London, the United Kingdom.