Brookfield Business Partners (TSE:BBU.UN) Hits New 52-Week High – Should You Buy?

Brookfield Business Partners LP (TSE:BBU.UN)’s stock price hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as C$37.13 and last traded at C$33.37, with a volume of 47888 shares changing hands. The stock had previously closed at C$31.93.

Brookfield Business Partners Stock Up 5.2 %

The business’s fifty day simple moving average is C$30.33 and its two-hundred day simple moving average is C$27.75. The company has a market cap of C$2.50 billion, a PE ratio of 3.75, a PEG ratio of 2.61 and a beta of 1.45. The company has a debt-to-equity ratio of 241.05, a current ratio of 1.00 and a quick ratio of 0.65.

Brookfield Business Partners Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Friday, September 27th were paid a $0.0625 dividend. The ex-dividend date of this dividend was Friday, August 30th. This represents a $0.25 dividend on an annualized basis and a yield of 0.74%. Brookfield Business Partners’s dividend payout ratio is currently 3.79%.

Insiders Place Their Bets

In other news, insider Brookfield Corporation acquired 3,493 shares of the stock in a transaction that occurred on Friday, August 16th. The shares were bought at an average cost of C$19.75 per share, for a total transaction of C$68,986.75. Over the last ninety days, insiders purchased 13,703 shares of company stock worth $336,843. Company insiders own 3.96% of the company’s stock.

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.