Brookfield Business Partners (TSE:BBU.UN) Stock Price Up 4.8% – Still a Buy?

Shares of Brookfield Business Partners LP (TSE:BBU.UN) were up 4.8% during trading on Friday . The stock traded as high as C$33.25 and last traded at C$32.37. Approximately 59,446 shares were traded during mid-day trading, an increase of 17% from the average daily volume of 50,770 shares. The stock had previously closed at C$30.88.

Brookfield Business Partners Trading Up 4.8 %

The company has a current ratio of 1.00, a quick ratio of 0.65 and a debt-to-equity ratio of 241.05. The company has a 50 day moving average of C$31.18 and a 200 day moving average of C$32.63. The firm has a market cap of C$2.40 billion, a price-to-earnings ratio of 3.61, a price-to-earnings-growth ratio of 2.61 and a beta of 1.45.

Brookfield Business Partners Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Monday, June 30th will be issued a $0.0625 dividend. This represents a $0.25 annualized dividend and a dividend yield of 0.77%. The ex-dividend date is Friday, May 30th. Brookfield Business Partners’s payout ratio is 3.79%.

Insider Buying and Selling

In other Brookfield Business Partners news, Director Anne Ruth Herkes bought 646 shares of the stock in a transaction dated Wednesday, March 26th. The stock was bought at an average cost of C$40.01 per share, for a total transaction of C$25,849.30. 3.96% of the stock is currently owned by corporate insiders.

Brookfield Business Partners Company Profile

Brookfield Business Partners L.P. is a private equity firm specializes in acquisition. The firm typically invests in business services, construction, energy, and industrials sector. It prefers to take majority stake in companies. The firm seeks returns of at least 15% on its investments. Brookfield Business Partners L.P.