Petershill Partners (LON:PHLL) Sets New 12-Month High – What’s Next?

Petershill Partners (LON:PHLL) shares reached a new 52-week high during trading on Tuesday . The stock traded as high as GBX 275.73 ($3.51) and last traded at GBX 252.50 ($3.21), with a volume of 227730 shares traded. The stock had previously closed at GBX 255.50 ($3.25).

Analyst Ratings Changes

Several research firms have weighed in on PHLL. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a GBX 245 ($3.11) price target on shares of Petershill Partners in a research note on Thursday, September 5th. Berenberg Bank restated a “buy” rating and issued a GBX 235 ($2.99) price target on shares of Petershill Partners in a research report on Wednesday, September 18th.

Petershill Partners Stock Performance

The firm has a fifty day simple moving average of GBX 232.54 and a 200-day simple moving average of GBX 220.40. The company has a market cap of £2.73 billion, a PE ratio of 1,097.83, a price-to-earnings-growth ratio of 1.24 and a beta of 0.59. The company has a quick ratio of 6.11, a current ratio of 1.40 and a debt-to-equity ratio of 10.41.

Petershill Partners Increases Dividend

The firm also recently disclosed a dividend, which will be paid on Friday, December 20th. Shareholders of record on Thursday, November 21st will be issued a $0.18 dividend. This represents a yield of 6.21%. The ex-dividend date is Thursday, November 21st. This is a positive change from Petershill Partners’s previous dividend of $0.14. Petershill Partners’s payout ratio is currently 5,217.39%.

Insider Activity

In related news, insider Naguib Kheraj acquired 28,000 shares of the stock in a transaction dated Wednesday, November 20th. The stock was bought at an average cost of GBX 255 ($3.24) per share, with a total value of £71,400 ($90,770.40). Insiders own 0.72% of the company’s stock.

Petershill Partners Company Profile

Petershill Partners PLC operates as a general partner solutions investment firm. It provides capital and strategic support to asset managers through minority stake acquisitions. The company was formerly known as Delta Epsilon plc and changed its name to Petershill Partners PLC in September 2, 2021. The company was founded in 2007 and is based in London, the United Kingdom.