Shares of Impax Asset Management Group Plc (LON:IPX – Get Free Report) 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 trading hands.
Wall Street Analyst Weigh In
Separately, Berenberg Bank reaffirmed a “buy” rating and issued a GBX 700 ($8.71) target price on shares of Impax Asset Management Group in a research note on Tuesday, April 9th.
Get Our Latest Analysis on IPX
Impax Asset Management Group Trading Down 0.1 %
Impax Asset Management Group Increases Dividend
The firm also recently declared a dividend, which was paid on Friday, March 22nd. Shareholders of record on Thursday, February 8th were paid a dividend of GBX 22.90 ($0.29) per share. This represents a dividend yield of 5.08%. The ex-dividend date was Thursday, February 8th. This is a positive change from Impax Asset Management Group’s previous dividend of $4.70. Impax Asset Management Group’s dividend payout ratio is currently 9,333.33%.
Insiders Place Their Bets
In other Impax Asset Management Group news, insider Ian Simm sold 16,667 shares of the stock in a transaction on Tuesday, February 6th. The stock was sold at an average price of GBX 522 ($6.50), for a total transaction of £87,001.74 ($108,305.42). In related news, insider Ian Simm sold 16,667 shares of the stock in a transaction on Tuesday, February 6th. The stock was sold at an average price of GBX 522 ($6.50), for a total value of £87,001.74 ($108,305.42). Also, insider William Simon O’Regan bought 13,000 shares of the business’s stock in a transaction that occurred on Monday, March 25th. The stock was purchased at an average cost of GBX 451 ($5.61) per share, for a total transaction of £58,630 ($72,986.43). Corporate insiders own 19.47% of the company’s stock.
About Impax Asset Management Group
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.
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