Icahn Enterprises L.P. (NASDAQ:IEP - Get Free Report)'s share price gapped down before the market opened on Monday . The stock had previously closed at $12.48, but opened at $11.81. Icahn Enterprises shares last traded at $11.80, with a volume of 225,000 shares changing hands.
Icahn Enterprises Trading Up 0.9 %
The stock has a fifty day moving average of $13.29 and a two-hundred day moving average of $15.23. The company has a market capitalization of $6.09 billion, a PE ratio of -11.09 and a beta of 0.78. The company has a current ratio of 4.61, a quick ratio of 4.85 and a debt-to-equity ratio of 1.34.
Icahn Enterprises Cuts Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 26th. Stockholders of record on Monday, November 18th will be issued a $0.50 dividend. The ex-dividend date is Monday, November 18th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 16.54%. Icahn Enterprises's payout ratio is -366.97%.
Institutional Trading of Icahn Enterprises
Institutional investors have recently added to or reduced their stakes in the business. B. Riley Wealth Advisors Inc. purchased a new stake in shares of Icahn Enterprises during the first quarter valued at approximately $296,000. Western Wealth Management LLC grew its holdings in Icahn Enterprises by 10.5% in the 2nd quarter. Western Wealth Management LLC now owns 38,514 shares of the conglomerate's stock worth $635,000 after acquiring an additional 3,650 shares during the last quarter. Griffin Asset Management Inc. increased its position in shares of Icahn Enterprises by 10.3% in the second quarter. Griffin Asset Management Inc. now owns 37,083 shares of the conglomerate's stock valued at $611,000 after acquiring an additional 3,473 shares during the period. PSI Advisors LLC raised its stake in shares of Icahn Enterprises by 3.4% during the second quarter. PSI Advisors LLC now owns 30,055 shares of the conglomerate's stock valued at $495,000 after acquiring an additional 990 shares during the last quarter. Finally, Crew Capital Management Ltd. purchased a new stake in shares of Icahn Enterprises during the second quarter worth about $628,000. 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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