Impax Asset Management Group Plc (LON:IPX – Get Free Report) shares crossed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of GBX 469.41 ($5.84) and traded as high as GBX 475.64 ($5.92). Impax Asset Management Group shares last traded at GBX 466.50 ($5.81), with a volume of 391,084 shares changing hands.
Wall Street Analyst Weigh In
Separately, Berenberg Bank reissued a “buy” rating and set a GBX 700 ($8.71) price target on shares of Impax Asset Management Group in a research report on Tuesday, April 9th.
Get Our Latest Analysis on IPX
Impax Asset Management Group Price Performance
Impax Asset Management Group Increases Dividend
The company also recently declared a dividend, which was paid on Friday, March 22nd. Investors of record on Thursday, February 8th were given a dividend of GBX 22.90 ($0.29) per share. This is a positive change from Impax Asset Management Group’s previous dividend of $4.70. This represents a dividend yield of 5.08%. The ex-dividend date of this dividend was Thursday, February 8th. Impax Asset Management Group’s dividend payout ratio (DPR) is presently 9,333.33%.
Insider Buying and Selling
In related news, insider Ian Simm sold 16,667 shares of the firm’s stock in a transaction dated Tuesday, February 6th. The shares were sold at an average price of GBX 522 ($6.50), for a total transaction of £87,001.74 ($108,305.42). In related news, insider Julia Bond acquired 5,500 shares of the firm’s stock in a transaction that occurred on Friday, April 5th. The stock was acquired at an average price of GBX 434 ($5.40) per share, for a total transaction of £23,870 ($29,714.93). Also, insider Ian Simm sold 16,667 shares of the firm’s stock in a transaction dated Tuesday, February 6th. The stock was sold at an average price of GBX 522 ($6.50), for a total transaction of £87,001.74 ($108,305.42). 19.47% of the stock is currently owned by corporate insiders.
Impax Asset Management Group Company Profile
Impax Asset Management Group plc is a publicly owned investment manager. Through its subsidiaries, it provides investment services to funds specializing in the environmental markets sector, with a focus on alternative energy, water, and waste sectors, primarily in the United Kingdom. It manages a range of funds and segregated accounts on behalf of institutional and private investors.
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