12,177 Shares in Icahn Enterprises L.P. (NASDAQ:IEP) Bought by Mariner LLC

Mariner LLC purchased a new position in shares of Icahn Enterprises L.P. (NASDAQ:IEP) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm purchased 12,177 shares of the conglomerate’s stock, valued at approximately $106,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Barclays PLC increased its holdings in Icahn Enterprises by 148.0% during the 4th quarter. Barclays PLC now owns 18,121 shares of the conglomerate’s stock valued at $158,000 after purchasing an additional 10,814 shares during the period. Raymond James Financial Inc. bought a new stake in Icahn Enterprises in the fourth quarter valued at $969,000. National Bank of Canada FI increased its position in Icahn Enterprises by 11.1% during the 4th quarter. National Bank of Canada FI now owns 25,000 shares of the conglomerate’s stock valued at $217,000 after purchasing an additional 2,500 shares during the period. Caz Investments LP bought a new position in Icahn Enterprises in the 4th quarter worth $87,000. Finally, Virtu Financial LLC purchased a new stake in shares of Icahn Enterprises in the 4th quarter worth about $856,000. 87.09% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded shares of Icahn Enterprises from a “sell” rating to a “hold” rating in a report on Wednesday, March 26th.

Icahn Enterprises Trading Up 2.3 %

NASDAQ:IEP opened at $8.54 on Friday. The firm has a market capitalization of $4.46 billion, a P/E ratio of -7.83 and a beta of 0.79. The company has a debt-to-equity ratio of 1.34, a current ratio of 4.61 and a quick ratio of 4.61. Icahn Enterprises L.P. has a one year low of $7.27 and a one year high of $18.84. The company’s 50-day simple moving average is $8.89 and its 200 day simple moving average is $10.02.

Icahn Enterprises (NASDAQ:IEP) last posted its quarterly earnings results on Wednesday, May 7th. The conglomerate reported ($0.79) earnings per share for the quarter, missing the consensus estimate of $0.19 by ($0.98). Icahn Enterprises had a negative return on equity of 8.82% and a negative net margin of 4.79%. The company had revenue of $2 billion during the quarter, compared to analysts’ expectations of $2.63 billion. As a group, analysts forecast that Icahn Enterprises L.P. will post -0.55 EPS for the current fiscal year.

Icahn Enterprises Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 25th. Shareholders of record on Monday, May 19th will be paid a dividend of $0.50 per share. The ex-dividend date of this dividend is Monday, May 19th. This represents a $2.00 dividend on an annualized basis and a yield of 23.42%. Icahn Enterprises’s dividend payout ratio is currently -210.53%.

About Icahn Enterprises

Icahn Enterprises L.P., through its subsidiaries, engages in the investment, energy, automotive, food packaging, real estate, home fashion, and pharma businesses in the United States and Internationally. The Investment segment invests its proprietary capital through various private investment funds. This segment provides investment advisory and other related services.