Apax Global Alpha (LON:APAX) Stock Crosses Below 50-Day Moving Average - Here's What Happened

Shares of Apax Global Alpha (LON:APAX - Get Free Report) crossed below its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of GBX 142.39 ($1.85) and traded as low as GBX 139 ($1.81). Apax Global Alpha shares last traded at GBX 139 ($1.81), with a volume of 358,615 shares traded.

Apax Global Alpha Stock Performance

The business has a 50 day moving average price of GBX 142.15 and a 200-day moving average price of GBX 148.15. The company has a market capitalization of £686.56 million, a price-to-earnings ratio of 1,570.79 and a beta of 0.74.

Apax Global Alpha Cuts Dividend

The firm also recently declared a dividend, which was paid on Thursday, October 3rd. Shareholders of record on Thursday, September 12th were paid a GBX 5.50 ($0.07) dividend. This represents a yield of 3.82%. The ex-dividend date of this dividend was Thursday, September 12th. Apax Global Alpha's dividend payout ratio (DPR) is presently 12,222.22%.

Insider Transactions at Apax Global Alpha

In related news, insider Alexander Denny purchased 16,737 shares of Apax Global Alpha stock in a transaction on Thursday, October 17th. The stock was acquired at an average cost of GBX 140 ($1.82) per share, for a total transaction of £23,431.80 ($30,502.21). In other news, insider Alexander Denny purchased 16,737 shares of the business's stock in a transaction on Thursday, October 17th. The shares were acquired at an average price of GBX 140 ($1.82) per share, for a total transaction of £23,431.80 ($30,502.21). Also, insider Karl Sternberg acquired 27,800 shares of the firm's stock in a transaction dated Thursday, September 5th. The shares were purchased at an average price of GBX 144 ($1.87) per share, with a total value of £40,032 ($52,111.43). Insiders own 14.43% of the company's stock.

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.