Brookfield Business Partners LP (TSE:BBU.UN) Director Acquires C$40,273.40 in Stock

Brookfield Business Partners LP (TSE:BBU.UN) Director Michael James Warren purchased 2,000 shares of the company’s stock in a transaction on Tuesday, June 4th. The shares were purchased at an average price of C$20.14 per share, with a total value of C$40,273.40.

Brookfield Business Partners Price Performance

Brookfield Business Partners stock opened at C$26.29 on Monday. The firm has a fifty day moving average of C$26.25 and a 200-day moving average of C$27.37. Brookfield Business Partners LP has a 52-week low of C$16.86 and a 52-week high of C$31.82. The company has a quick ratio of 0.65, a current ratio of 1.10 and a debt-to-equity ratio of 237.54. The firm has a market capitalization of C$1.95 billion, a P/E ratio of 3.18, a PEG ratio of 2.61 and a beta of 1.45.

Brookfield Business Partners Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 28th will be issued a $0.0625 dividend. The ex-dividend date of this dividend is Friday, May 31st. This represents a $0.25 annualized dividend and a yield of 0.95%. Brookfield Business Partners’s dividend payout ratio is currently 4.12%.

Wall Street Analyst Weigh In

Separately, Royal Bank of Canada decreased their target price on Brookfield Business Partners from C$33.00 to C$32.00 and set an “outperform” rating for the company in a report on Monday, April 29th.

About Brookfield Business Partners

Brookfield Business Partners L.P. is a private equity firm specializes in acquisition. The firm typically invests in business services, construction, energy, and industrials sector. It prefers to take majority stake in companies. The firm seeks returns of at least 15% on its investments. Brookfield Business Partners L.P.