Pershing Square (LON:PSH) Shares Down 0.4% – Here’s Why

Pershing Square Holdings (LON:PSH) shares dropped 0.4% during mid-day trading on Wednesday . The stock traded as low as GBX 3,830 ($48.34) and last traded at GBX 3,836 ($48.42). Approximately 107,022 shares changed hands during mid-day trading, a decline of 35% from the average daily volume of 165,268 shares. The stock had previously closed at GBX 3,850 ($48.59).

Pershing Square Trading Up 1.8 %

The stock has a market cap of £7.29 billion, a PE ratio of 376.09 and a beta of 0.97. The company has a debt-to-equity ratio of 19.50, a quick ratio of 8.65 and a current ratio of 22.15. The company has a 50 day moving average of GBX 3,648.12 and a two-hundred day moving average of GBX 3,801.50.

Pershing Square Increases Dividend

The business also recently declared a dividend, which will be paid on Friday, December 13th. Investors of record on Thursday, November 14th will be issued a $0.15 dividend. This represents a dividend yield of 0.32%. The ex-dividend date of this dividend is Thursday, November 14th. This is a boost from Pershing Square’s previous dividend of $0.13. Pershing Square’s dividend payout ratio (DPR) is currently 436.43%.

Insider Buying and Selling

In other Pershing Square news, insider Bronwyn Curtis sold 554 shares of the firm’s stock in a transaction that occurred on Wednesday, November 13th. The shares were sold at an average price of GBX 3,613 ($45.60), for a total value of £20,016.02 ($25,263.18). 1.00% of the stock is owned by company insiders.

Pershing Square Company Profile

Pershing Square Holdings, Ltd. is a closed-ended balanced fund launched and managed by Pershing Square Capital Management, L.P. It invests in public equity and fixed income markets across the globe. The fund seeks to invest in stocks of companies operating across diversified sectors. It primarily invests in value stocks of companies.