Petershill Partners (LON:PHLL) Trading Up 0.3%

Posted by Defense World Staff on May 20th, 2023

Petershill Partners PLC (LON:PHLL – Get Rating)’s share price was up 0.3% during trading on Friday . The company traded as high as GBX 151.74 ($1.90) and last traded at GBX 150 ($1.88). Approximately 532,994 shares traded hands during mid-day trading, a decline of 18% from the average daily volume of 651,353 shares. The stock had previously closed at GBX 149.60 ($1.87).

Analyst Ratings Changes

Separately, Jefferies Financial Group started coverage on Petershill Partners in a report on Tuesday, February 21st. They issued a “buy” rating and a GBX 290 ($3.63) price target on the stock.

Petershill Partners Stock Up 0.3 %

The firm has a market cap of £1.71 billion and a P/E ratio of -468.75. The company has a quick ratio of 6.11, a current ratio of 2.72 and a debt-to-equity ratio of 10.45. The firm has a fifty day moving average of GBX 161.19 and a 200-day moving average of GBX 169.54.

Petershill Partners Increases Dividend

The business also recently announced a dividend, which will be paid on Friday, June 16th. Investors of record on Thursday, May 11th will be issued a dividend of $0.11 per share. This represents a yield of 5.43%. The ex-dividend date is Thursday, May 11th. This is a positive change from Petershill Partners’s previous dividend of $0.04. Petershill Partners’s dividend payout ratio is presently -4,375.00%.

Insider Buying and Selling

In related news, insider Naguib Kheraj bought 300,000 shares of the company’s stock in a transaction that occurred on Tuesday, March 28th. The shares were acquired at an average price of GBX 150 ($1.88) per share, for a total transaction of £450,000 ($563,697.86). 0.16% of the stock is currently owned by corporate insiders.

About Petershill Partners

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Petershill Partners PLC operates as a general partner solutions investment firm. It provides capital and strategic support to asset managers through minority stake acquisitions. The company was formerly known as Delta Epsilon plc and changed its name to Petershill Partners PLC in September 2, 2021. The company was founded in 2007 and is based in London, the United Kingdom.