Brookfield Business Partners (TSE:BBU.UN) Hits New 1-Year High – Here’s Why

Shares of Brookfield Business Partners LP (TSE:BBU.UN) hit a new 52-week high on Wednesday . The stock traded as high as C$37.13 and last traded at C$33.37, with a volume of 47888 shares changing hands. The stock had previously closed at C$31.93.

Brookfield Business Partners Price Performance

The stock has a market cap of C$2.50 billion, a PE ratio of 3.75, a price-to-earnings-growth ratio of 2.61 and a beta of 1.45. The stock’s fifty day moving average is C$30.33 and its 200-day moving average is C$27.75. 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 Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Friday, September 27th were issued a dividend of $0.0625 per share. The ex-dividend date was Friday, August 30th. This represents a $0.25 dividend on an annualized basis and a dividend yield of 0.74%. Brookfield Business Partners’s dividend payout ratio is currently 3.79%.

Insider Activity at Brookfield Business Partners

In other Brookfield Business Partners news, insider Brookfield Corporation bought 3,493 shares of the business’s stock in a transaction on Friday, August 16th. The stock was bought at an average price of C$19.75 per share, with a total value of C$68,986.75. Over the last three months, insiders have acquired 13,703 shares of company stock worth $336,843. Insiders own 3.96% of the company’s stock.

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.