Brookfield Business Partners LP (TSE:BBU.UN) Insider Brookfield Corporation Purchases 12,500 Shares

Brookfield Business Partners LP (TSE:BBU.UN) insider Brookfield Corporation acquired 12,500 shares of the stock in a transaction dated Friday, July 19th. The stock was purchased at an average cost of C$27.25 per share, with a total value of C$340,625.00.

Brookfield Corporation also recently made the following trade(s):

• On Friday, July 12th, Brookfield Corporation acquired 334 shares of Brookfield Business Partners stock. The stock was purchased at an average cost of C$19.99 per share, with a total value of C$6,675.52.
• On Friday, July 5th, Brookfield Corporation acquired 3,591 shares of Brookfield Business Partners stock. The stock was purchased at an average cost of C$18.37 per share, with a total value of C$65,948.72.
• On Friday, June 28th, Brookfield Corporation bought 1,911 shares of Brookfield Business Partners stock. The stock was bought at an average price of C$18.93 per share, for a total transaction of C$36,167.01.

Brookfield Business Partners Stock Performance

TSE:BBU.UN traded up C$0.06 during trading on Friday, reaching C$27.44. The company’s stock had a trading volume of 17,321 shares, compared to its average volume of 45,963. The firm has a market cap of C$2.04 billion, a price-to-earnings ratio of 3.31, a price-to-earnings-growth ratio of 2.61 and a beta of 1.45. The company has a debt-to-equity ratio of 237.54, a quick ratio of 0.65 and a current ratio of 1.10. The firm has a 50 day moving average of C$25.88 and a 200-day moving average of C$27.47. Brookfield Business Partners LP has a 12 month low of C$16.86 and a 12 month high of C$31.82.

Brookfield Business Partners Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Friday, June 28th were paid a $0.0625 dividend. The ex-dividend date of this dividend was Friday, May 31st. This represents a $0.25 dividend on an annualized basis and a yield of 0.91%. Brookfield Business Partners’s dividend payout ratio (DPR) is presently 4.12%.

Wall Street Analysts Forecast Growth

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

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.