Brookfield Business Partners (NYSE:BBU) Trading Down 3.3% - What's Next?

Shares of Brookfield Business Partners L.P. (NYSE:BBU - Get Free Report) fell 3.3% during trading on Monday . The company traded as low as $23.42 and last traded at $23.42. 2,017 shares were traded during mid-day trading, a decline of 80% from the average session volume of 9,922 shares. The stock had previously closed at $24.23.

Brookfield Business Partners Trading Down 6.8 %

The firm's fifty day moving average is $23.99 and its two-hundred day moving average is $21.93. The firm has a market cap of $1.68 billion, a P/E ratio of 2.79 and a beta of 1.50. The company has a quick ratio of 0.95, a current ratio of 1.17 and a debt-to-equity ratio of 2.12.

Brookfield Business Partners (NYSE:BBU - Get Free Report) last announced its earnings results on Friday, November 8th. The business services provider reported $1.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.00 by $0.39. The firm had revenue of $9.23 billion during the quarter. Brookfield Business Partners had a return on equity of 30.68% and a net margin of 11.77%. During the same period in the prior year, the company posted $1.33 EPS. Analysts predict that Brookfield Business Partners L.P. will post 5.43 earnings per share for the current fiscal year.

Brookfield Business Partners Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Friday, November 29th were issued a $0.063 dividend. This represents a $0.25 dividend on an annualized basis and a yield of 1.12%. The ex-dividend date of this dividend was Friday, November 29th. This is a boost from Brookfield Business Partners's previous quarterly dividend of $0.06. Brookfield Business Partners's dividend payout ratio is 3.09%.

Hedge Funds Weigh In On Brookfield Business Partners

Several large investors have recently made changes to their positions in the business. Intact Investment Management Inc. purchased a new position in Brookfield Business Partners during the third quarter valued at $45,000. Bank of New York Mellon Corp bought a new stake in shares of Brookfield Business Partners during the second quarter valued at approximately $307,000. Gold Investment Management Ltd. raised its holdings in Brookfield Business Partners by 7.4% in the 3rd quarter. Gold Investment Management Ltd. now owns 31,501 shares of the business services provider's stock worth $739,000 after acquiring an additional 2,169 shares during the last quarter. The Manufacturers Life Insurance Company raised its holdings in Brookfield Business Partners by 1.5% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 40,726 shares of the business services provider's stock worth $770,000 after acquiring an additional 608 shares during the last quarter. Finally, AYAL Capital Advisors Ltd lifted its position in Brookfield Business Partners by 97.4% in the 2nd quarter. AYAL Capital Advisors Ltd now owns 45,000 shares of the business services provider's stock valued at $848,000 after acquiring an additional 22,200 shares in the last quarter. 85.04% of the stock is currently owned by hedge funds and other institutional investors.

Brookfield Business Partners Company Profile

Brookfield Business Partners L.P. is a private equity firm specializing in acquisition. The firm typically invests in business services, infrastructure 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.