Brookfield Business Partners LP (TSE:BBU.UN) Insider Brookfield Corporation Purchases 1,911 Shares

Brookfield Business Partners LP (TSE:BBU.UN) insider Brookfield Corporation acquired 1,911 shares of the company’s stock in a transaction that occurred on Friday, June 28th. The stock was acquired at an average price of C$18.93 per share, with a total value of C$36,167.01.

Brookfield Business Partners Trading Down 3.6 %

Shares of Brookfield Business Partners stock traded down C$0.93 during midday trading on Wednesday, reaching C$24.81. The company had a trading volume of 19,402 shares, compared to its average volume of 47,304. The firm has a market cap of C$1.84 billion, a PE ratio of 3.12, a P/E/G ratio of 2.61 and a beta of 1.45. The stock has a fifty day moving average price of C$25.82 and a 200 day moving average price of C$27.52. The company has a debt-to-equity ratio of 237.54, a current ratio of 1.10 and a quick ratio of 0.65. Brookfield Business Partners LP has a fifty-two week low of C$16.86 and a fifty-two week high of C$31.82.

Brookfield Business Partners Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Friday, June 28th were paid a $0.0625 dividend. This represents a $0.25 dividend on an annualized basis and a dividend yield of 1.01%. The ex-dividend date of this dividend was Friday, May 31st. Brookfield Business Partners’s dividend payout ratio is currently 4.12%.

Analysts Set New Price Targets

Separately, Royal Bank of Canada decreased their price target on shares of Brookfield Business Partners from C$33.00 to C$32.00 and set an “outperform” rating for the company in a research report on Monday, April 29th.

Brookfield Business Partners Company Profile

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.