Apax Global Alpha (LON:APAX) Insider Buys £23,431.80 in Stock

Apax Global Alpha (LON:APAX) insider Alexander Denny purchased 16,737 shares of Apax Global Alpha stock in a transaction on Thursday, October 17th. The shares were acquired at an average cost of GBX 140 ($1.83) per share, for a total transaction of £23,431.80 ($30,597.81).

Apax Global Alpha Stock Up 2.5 %

Shares of APAX stock opened at GBX 145 ($1.89) on Monday. The stock has a market cap of £712.10 million, a price-to-earnings ratio of 1,611.11 and a beta of 0.74. Apax Global Alpha has a fifty-two week low of GBX 132.93 ($1.74) and a fifty-two week high of GBX 170.60 ($2.23). The firm’s 50 day moving average price is GBX 142.58 and its two-hundred day moving average price is GBX 148.31.

Apax Global Alpha Cuts Dividend

The company also recently announced a dividend, which was paid on Thursday, October 3rd. Stockholders of record on Thursday, September 12th were given a dividend of GBX 5.50 ($0.07) per share. The ex-dividend date was Thursday, September 12th. This represents a dividend yield of 3.82%. Apax Global Alpha’s payout ratio is currently 12,222.22%.

About Apax Global Alpha

Apax Global Alpha Limited specializes in fund of funds investments. It seeks to invest in public, private debt, and equity investments. Under fund of funds, the fund seeks to invest in private equity funds managed by Apax Partners. It also makes derived investments which are investments in equities and debt derived from the insights gained via Apax' Private Equity activities.