Pershing Square (LON:PSH) Shares Down 0.4% – Here’s What Happened

Pershing Square Holdings (LON:PSH)’s share price fell 0.4% during trading on Wednesday . The company traded as low as GBX 3,830 ($48.34) and last traded at GBX 3,836 ($48.42). 107,022 shares traded hands during mid-day trading, a decline of 35% from the average session volume of 165,268 shares. The stock had previously closed at GBX 3,850 ($48.59).

Pershing Square Trading Up 1.8 %

The stock has a market cap of £7.29 billion, a PE ratio of 376.09 and a beta of 0.97. The company has a quick ratio of 8.65, a current ratio of 22.15 and a debt-to-equity ratio of 19.50. The business’s fifty day moving average is GBX 3,648.12 and its 200 day moving average is GBX 3,801.50.

Pershing Square Increases Dividend

The company also recently declared a dividend, which will be paid on Friday, December 13th. Stockholders of record on Thursday, November 14th will be given a $0.15 dividend. The ex-dividend date is Thursday, November 14th. This represents a dividend yield of 0.32%. This is a boost from Pershing Square’s previous dividend of $0.13. Pershing Square’s dividend payout ratio (DPR) is currently 436.43%.

Insider Buying and Selling at Pershing Square

In other news, insider Bronwyn Curtis sold 554 shares of the firm’s stock in a transaction on Wednesday, November 13th. The stock was sold at an average price of GBX 3,613 ($45.60), for a total transaction of £20,016.02 ($25,263.18). 1.00% of the stock is currently owned by insiders.

Pershing Square Company Profile

Pershing Square Holdings, Ltd. is a closed-ended balanced fund launched and managed by Pershing Square Capital Management, L.P. It invests in public equity and fixed income markets across the globe. The fund seeks to invest in stocks of companies operating across diversified sectors. It primarily invests in value stocks of companies.