Impax Asset Management Group (LON:IPX) Share Price Crosses Above 50-Day Moving Average of $469.41

Impax Asset Management Group Plc (LON:IPX) passed 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.

Analyst Ratings Changes

Separately, Berenberg Bank reissued a “buy” rating and set a GBX 700 ($8.71) price objective on shares of Impax Asset Management Group in a research report on Tuesday, April 9th.

Impax Asset Management Group Stock Performance

The company has a debt-to-equity ratio of 6.53, a quick ratio of 2.26 and a current ratio of 3.15. The stock’s 50-day simple moving average is GBX 466.68 and its 200-day simple moving average is GBX 471.51. The firm has a market capitalization of £594.12 million, a PE ratio of 1,543.33, a P/E/G ratio of 5.05 and a beta of 1.51.

Impax Asset Management Group Increases Dividend

The business also recently disclosed a dividend, which was paid on Friday, March 22nd. Shareholders of record on Thursday, February 8th were given a dividend of GBX 22.90 ($0.29) per share. This is an increase from Impax Asset Management Group’s previous dividend of $4.70. This represents a yield of 5.08%. The ex-dividend date of this dividend was Thursday, February 8th. Impax Asset Management Group’s payout ratio is presently 9,333.33%.

Insider Buying and Selling at Impax Asset Management Group

In related news, insider William Simon O’Regan acquired 13,000 shares of Impax Asset Management Group stock in a transaction on Monday, March 25th. The shares were acquired at an average cost of GBX 451 ($5.61) per share, with a total value of £58,630 ($72,986.43). In other Impax Asset Management Group news, insider Julia Bond bought 5,500 shares of Impax Asset Management Group stock in a transaction dated Friday, April 5th. The shares were purchased at an average cost of GBX 434 ($5.40) per share, with a total value of £23,870 ($29,714.93). Also, insider William Simon O’Regan bought 13,000 shares of Impax Asset Management Group stock in a transaction dated Monday, March 25th. The stock was acquired at an average cost of GBX 451 ($5.61) per share, for a total transaction of £58,630 ($72,986.43). Insiders own 19.47% of the company’s stock.

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.