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

Pershing Square Holdings (LON:PSH)’s share price dropped 0.4% on Wednesday . The company traded as low as GBX 3,830 ($48.86) and last traded at GBX 3,836 ($48.93). Approximately 107,022 shares were traded during mid-day trading, a decline of 35% from the average daily volume of 165,268 shares. The stock had previously closed at GBX 3,850 ($49.11).

Pershing Square Stock Down 0.4 %

The firm’s 50-day simple moving average is GBX 3,632.36 and its 200-day simple moving average is GBX 3,803.64. The company has a debt-to-equity ratio of 19.50, a quick ratio of 8.65 and a current ratio of 22.15. The company has a market capitalization of £7.06 billion, a price-to-earnings ratio of 363.95 and a beta of 0.97.

Pershing Square Increases Dividend

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

Insider Activity at Pershing Square

In other Pershing Square news, insider Bronwyn Curtis sold 554 shares of Pershing Square stock in a transaction on Wednesday, November 13th. The shares were sold at an average price of GBX 3,613 ($46.09), for a total transaction of £20,016.02 ($25,533.89). Corporate insiders own 1.00% of the company’s stock.

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.