Pershing Square (LON:PSH) Trading Up 2.5% – Time to Buy?

Pershing Square Holdings (LON:PSH) traded up 2.5% during mid-day trading on Thursday . The company traded as high as GBX 4,012 ($49.84) and last traded at GBX 3,988 ($49.54). 189,458 shares were traded during trading, an increase of 16% from the average session volume of 163,650 shares. The stock had previously closed at GBX 3,890 ($48.32).

Pershing Square Trading Up 1.2 %

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 company has a market capitalization of £7.42 billion, a P/E ratio of 382.73 and a beta of 0.97. The firm’s 50-day moving average price is GBX 3,728.40 and its 200 day moving average price is GBX 3,769.06.

Pershing Square Increases Dividend

The business also recently disclosed a dividend, which was paid on Friday, December 13th. Shareholders of record on Thursday, November 14th were paid a dividend of $0.15 per share. The ex-dividend date of this dividend was Thursday, November 14th. This is a boost 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 Transactions at Pershing Square

In other Pershing Square news, insider Bronwyn Curtis sold 554 shares of Pershing Square stock in a transaction that occurred on Wednesday, November 13th. The shares were sold at an average price of GBX 3,613 ($44.88), for a total transaction of £20,016.02 ($24,864.62). Company insiders own 1.00% of the company’s stock.

About Pershing Square

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.