Pershing Square (LON:PSH) Stock Price Down 1.5% – Here’s What Happened

Pershing Square Holdings (LON:PSH)’s share price fell 1.5% during mid-day trading on Friday . The stock traded as low as GBX 4,164 ($51.98) and last traded at GBX 4,174 ($52.10). 150,823 shares traded hands during trading, a decline of 42% from the average session volume of 261,194 shares. The stock had previously closed at GBX 4,236 ($52.88).

Pershing Square Stock Performance

The company has a debt-to-equity ratio of 19.50, a current ratio of 22.15 and a quick ratio of 8.65. The company’s fifty day moving average price is GBX 3,909.97 and its 200 day moving average price is GBX 3,761.43. The company has a market cap of £7.68 billion, a PE ratio of 396.02 and a beta of 0.97.

Pershing Square Increases Dividend

The business also recently declared a dividend, which was paid on Friday, December 13th. Investors of record on Thursday, November 14th were given a dividend of $0.15 per share. The ex-dividend date was Thursday, November 14th. This represents a yield of 0.32%. This is a positive change from Pershing Square’s previous dividend of $0.13. Pershing Square’s dividend payout ratio is presently 436.43%.

Insider Activity

In other news, insider Bronwyn Curtis sold 554 shares of the firm’s stock in a transaction on Wednesday, November 13th. The stock was sold at an average price of GBX 3,613 ($45.10), for a total value of £20,016.02 ($24,985.67). Insiders own 1.00% of the company’s stock.

About Pershing Square

Pershing Square Holdings (LN:PSHD) (NA:PSH) is an investment holding company structured as a closed-ended fund that makes concentrated investments in publicly traded, principally North American-domiciled, companies. The investment objective is to maximize long-term compound annual rate of growth in intrinsic value per share.