Shares of Icahn Enterprises L.P. (NASDAQ:IEP - Get Free Report) hit a new 52-week low on Monday . The stock traded as low as $8.83 and last traded at $8.84, with a volume of 393516 shares traded. The stock had previously closed at $8.94.
Icahn Enterprises Stock Performance
The firm has a market cap of $4.47 billion, a price-to-earnings ratio of -8.14 and a beta of 0.75. The company has a debt-to-equity ratio of 1.34, a current ratio of 4.61 and a quick ratio of 4.61. The firm has a fifty day simple moving average of $11.48 and a two-hundred day simple moving average of $13.81.
Icahn Enterprises Cuts Dividend
The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 26th. Stockholders of record on Monday, November 18th were issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 22.55%. The ex-dividend date was Monday, November 18th. Icahn Enterprises's dividend payout ratio is presently -183.49%.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Wilmington Savings Fund Society FSB purchased a new position in shares of Icahn Enterprises during the 3rd quarter valued at approximately $30,000. Planning Capital Management Corp acquired a new position in Icahn Enterprises during the third quarter worth $34,000. Northwestern Mutual Wealth Management Co. lifted its holdings in Icahn Enterprises by 61.5% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,845 shares of the conglomerate's stock valued at $47,000 after purchasing an additional 1,083 shares in the last quarter. Barclays PLC grew its position in shares of Icahn Enterprises by 24.3% in the third quarter. Barclays PLC now owns 7,307 shares of the conglomerate's stock valued at $100,000 after purchasing an additional 1,427 shares during the period. Finally, KPP Advisory Services LLC purchased a new stake in shares of Icahn Enterprises during the second quarter worth about $187,000. 87.09% of the stock is currently owned by institutional investors and hedge funds.
Icahn Enterprises Company Profile
(
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Icahn Enterprises L.P., through its subsidiaries, engages in the investment, energy, automotive, food packaging, real estate, home fashion, and pharma businesses in the United States and Internationally. The Investment segment invests its proprietary capital through various private investment funds. This segment provides investment advisory and other related services.
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