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

Pershing Square Holdings (LON:PSH) shares dropped 1.5% during trading on Friday . The company traded as low as GBX 4,164 ($51.99) and last traded at GBX 4,174 ($52.12). Approximately 150,823 shares traded hands during trading, a decline of 42% from the average daily volume of 261,194 shares. The stock had previously closed at GBX 4,236 ($52.89).

Pershing Square Stock Down 1.5 %

The stock has a fifty day moving average of GBX 3,909.97 and a 200 day moving average of GBX 3,764.06. 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 firm has a market capitalization of £7.68 billion, a P/E ratio of 396.02 and a beta of 0.97.

Pershing Square Increases Dividend

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

Insider Activity at Pershing Square

In other Pershing Square news, insider Bronwyn Curtis sold 554 shares of the stock in a transaction on Wednesday, November 13th. The stock was sold at an average price of GBX 3,613 ($45.11), for a total transaction of £20,016.02 ($24,991.91). 1.00% of the stock is owned by company insiders.

Pershing Square Company Profile

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.