Pershing Square (LON:PSH) Shares Up 2.5% – Time to Buy?

Pershing Square Holdings (LON:PSH) shares were up 2.5% during mid-day trading on Thursday . The stock traded as high as GBX 4,012 ($49.66) and last traded at GBX 3,988 ($49.36). Approximately 189,458 shares were traded during mid-day trading, an increase of 16% from the average daily volume of 163,650 shares. The stock had previously closed at GBX 3,890 ($48.15).

Pershing Square Trading Up 2.5 %

The stock’s 50 day moving average is GBX 3,711.40 and its 200-day moving average is GBX 3,773.02. The company has a market cap of £7.34 billion, a P/E ratio of 378.37 and a beta of 0.97. The company has a current ratio of 22.15, a quick ratio of 8.65 and a debt-to-equity ratio of 19.50.

Pershing Square Increases Dividend

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

Insider Buying and Selling

In other news, insider Bronwyn Curtis sold 554 shares of the firm’s stock in a transaction dated Wednesday, November 13th. The shares were sold at an average price of GBX 3,613 ($44.72), for a total transaction of £20,016.02 ($24,775.37). 1.00% of the stock is owned by company insiders.

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.