Apax Global Alpha (LON:APAX) Stock Price Crosses Below Fifty Day Moving Average of $146.73

Shares of Apax Global Alpha (LON:APAX) crossed below its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of GBX 146.73 ($1.96) and traded as low as GBX 141.76 ($1.90). Apax Global Alpha shares last traded at GBX 142 ($1.90), with a volume of 191,082 shares.

Apax Global Alpha Stock Up 0.1 %

The business has a fifty day moving average price of GBX 146.73 and a 200-day moving average price of GBX 149.35. The stock has a market capitalization of £698.01 million, a P/E ratio of 1,577.78 and a beta of 0.74.

Apax Global Alpha Cuts Dividend

The business also recently declared a dividend, which will be paid on Thursday, October 3rd. Stockholders of record on Thursday, September 12th will be issued a dividend of GBX 5.50 ($0.07) per share. This represents a dividend yield of 3.82%. The ex-dividend date of this dividend is Thursday, September 12th. Apax Global Alpha’s payout ratio is presently 12,222.22%.

Insider Activity

In related news, insider Karl Sternberg bought 27,800 shares of the company’s stock in a transaction that occurred on Thursday, September 5th. The shares were bought at an average price of GBX 144 ($1.93) per share, for a total transaction of £40,032 ($53,604.71). 14.43% of the stock is owned by corporate insiders.

Apax Global Alpha Company Profile

Apax Global Alpha Limited specializes in fund of funds investments. It seeks to invest in public, private debt, and equity investments. Under fund of funds, the fund seeks to invest in private equity funds managed by Apax Partners. It also makes derived investments which are investments in equities and debt derived from the insights gained via Apax' Private Equity activities.