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

Pershing Square Holdings (LON:PSH) shot up 2.5% during 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 Price Performance

The firm has a 50 day moving average price of GBX 3,728.40 and a two-hundred day moving average price of GBX 3,769.06. The company has a market cap of £7.42 billion, a P/E ratio of 382.73 and a beta of 0.97. The company has a debt-to-equity ratio of 19.50, a quick ratio of 8.65 and a current ratio of 22.15.

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 $0.15 dividend. This is an increase from Pershing Square’s previous dividend of $0.13. The ex-dividend date was Thursday, November 14th. This represents a dividend yield of 0.32%. Pershing Square’s dividend payout ratio (DPR) is presently 436.43%.

Insider Activity

In related 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 value of £20,016.02 ($24,864.62). 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.