Icahn Enterprises L.P. (NASDAQ:IEP - Get Free Report) saw unusually-strong trading volume on Thursday . Approximately 281,407 shares traded hands during mid-day trading, a decline of 68% from the previous session's volume of 867,172 shares.The stock last traded at $9.42 and had previously closed at $9.11.
Icahn Enterprises Stock Down 0.7 %
The company has a market cap of $4.73 billion, a price-to-earnings ratio of -8.61 and a beta of 0.80. The business has a fifty day moving average of $10.22 and a two-hundred day moving average of $13.15. The company has a current ratio of 4.61, a quick ratio of 4.61 and a debt-to-equity ratio of 1.34.
Icahn Enterprises Cuts Dividend
The firm also recently announced a quarterly dividend, which was paid on Thursday, December 26th. Stockholders of record on Monday, November 18th were given a dividend of $0.50 per share. The ex-dividend date was Monday, November 18th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 21.32%. Icahn Enterprises's dividend payout ratio (DPR) is -183.48%.
Institutional Investors Weigh In On Icahn Enterprises
Several institutional investors and hedge funds have recently added to or reduced their stakes in IEP. Insigneo Advisory Services LLC purchased a new position in Icahn Enterprises during the second quarter valued at $201,000. Creative Planning increased its stake in shares of Icahn Enterprises by 15.8% during the second quarter. Creative Planning now owns 108,372 shares of the conglomerate's stock worth $1,786,000 after purchasing an additional 14,805 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its position in shares of Icahn Enterprises by 61.5% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,845 shares of the conglomerate's stock worth $47,000 after purchasing an additional 1,083 shares during the last quarter. KPP Advisory Services LLC purchased a new position in Icahn Enterprises in the 2nd quarter valued at about $187,000. Finally, Valeo Financial Advisors LLC acquired a new stake in Icahn Enterprises in the 3rd quarter worth about $203,000. Hedge funds and other institutional investors own 87.09% of the company's stock.
About Icahn Enterprises
(
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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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