Impax Asset Management Group (LON:IPX) Stock Price Passes Above Fifty Day Moving Average of $469.41

Shares of 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 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.

Impax Asset Management Group Trading Down 0.1 %

The company has a market cap of £597.97 million, a PE ratio of 1,555.00, a price-to-earnings-growth ratio of 5.05 and a beta of 1.51. The business has a 50 day simple moving average of GBX 469.41 and a two-hundred day simple moving average of GBX 471.56. The company has a current ratio of 3.15, a quick ratio of 2.26 and a debt-to-equity ratio of 6.53.

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.