Brookfield Business Partners LP (TSE:BBU.UN) Insider Acquires C$65,948.72 in Stock

Brookfield Business Partners LP (TSE:BBU.UNGet Free Report) insider Brookfield Corporation bought 3,591 shares of the company’s stock in a transaction that occurred on Friday, July 5th. The shares were acquired at an average cost of C$18.37 per share, with a total value of C$65,948.72.

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

  • On Friday, June 28th, Brookfield Corporation acquired 1,911 shares of Brookfield Business Partners stock. The shares were acquired at an average price of C$18.93 per share, with a total value of C$36,167.01.

Brookfield Business Partners Price Performance

BBU.UN stock opened at C$26.42 on Thursday. The firm has a market cap of C$1.96 billion, a P/E ratio of 3.20, a price-to-earnings-growth ratio of 2.61 and a beta of 1.45. The stock has a 50-day simple moving average of C$25.72 and a 200-day simple moving average of C$27.46. Brookfield Business Partners LP has a 1 year low of C$16.86 and a 1 year high of C$31.82. The company has a debt-to-equity ratio of 237.54, a quick ratio of 0.65 and a current ratio of 1.10.

Brookfield Business Partners Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Friday, June 28th were issued a dividend of $0.0625 per share. This represents a $0.25 dividend on an annualized basis and a yield of 0.95%. The ex-dividend date of this dividend was Friday, May 31st. Brookfield Business Partners’s payout ratio is 4.12%.

Wall Street Analyst Weigh In

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

View Our Latest Analysis on BBU.UN

About Brookfield Business Partners

(Get Free Report)

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.

Further Reading

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