Icahn Enterprises L.P. (NASDAQ:IEP - Get Free Report) saw strong trading volume on Tuesday . 2,062,329 shares traded hands during mid-day trading, an increase of 121% from the previous session's volume of 931,621 shares.The stock last traded at $8.64 and had previously closed at $8.87.
Icahn Enterprises Stock Down 2.3 %
The stock has a market capitalization of $4.37 billion, a price-to-earnings ratio of -7.95 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 business has a fifty day moving average of $11.34 and a 200 day moving average of $13.75.
Icahn Enterprises Cuts Dividend
The business also recently declared a quarterly dividend, which was paid on Thursday, December 26th. Shareholders of record on Monday, November 18th were given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 23.07%. The ex-dividend date was Monday, November 18th. Icahn Enterprises's dividend payout ratio is presently -183.49%.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently modified their holdings of IEP. Wilmington Savings Fund Society FSB purchased a new position in shares of Icahn Enterprises in the third quarter valued at approximately $30,000. Planning Capital Management Corp acquired a new stake in Icahn Enterprises during the 3rd quarter worth approximately $34,000. Northwestern Mutual Wealth Management Co. boosted its position in Icahn Enterprises by 61.5% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,845 shares of the conglomerate's stock valued at $47,000 after buying an additional 1,083 shares during the period. Barclays PLC grew its stake in shares of Icahn Enterprises by 24.3% in the third quarter. Barclays PLC now owns 7,307 shares of the conglomerate's stock worth $100,000 after acquiring an additional 1,427 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC purchased a new stake in shares of Icahn Enterprises during the third quarter worth $164,000. 87.09% of the stock is currently owned by hedge funds and other institutional investors.
About Icahn Enterprises
(
Get Free Report)
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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