Pershing Square (LON:PSH) Trading Up 2.5% – What’s Next?

Shares of Pershing Square Holdings (LON:PSH) traded up 2.5% during trading on Thursday . The company traded as high as GBX 4,012 ($49.66) and last traded at GBX 3,988 ($49.36). 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 ($48.15).

Pershing Square Stock Up 2.5 %

The company’s 50-day simple moving average is GBX 3,711.40 and its two-hundred day simple moving average is GBX 3,773.02. 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 £7.34 billion, a P/E ratio of 378.37 and a beta of 0.97.

Pershing Square Increases Dividend

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

Insider Buying and Selling at Pershing Square

In other news, insider Bronwyn Curtis sold 554 shares of the business’s stock in a transaction dated Wednesday, November 13th. The stock was sold at an average price of GBX 3,613 ($44.72), for a total value of £20,016.02 ($24,775.37). 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.