Icahn Enterprises L.P. (NASDAQ:IEP - Get Free Report) shares gapped down before the market opened on Monday . The stock had previously closed at $9.53, but opened at $9.31. Icahn Enterprises shares last traded at $9.31, with a volume of 218,604 shares changing hands.
Icahn Enterprises Price Performance
The firm has a market cap of $4.63 billion, a PE ratio of -8.43 and a beta of 0.76. 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's fifty day moving average is $12.16 and its 200-day moving average is $14.12.
Icahn Enterprises Cuts Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 26th. Investors of record on Monday, November 18th will be paid a $0.50 dividend. The ex-dividend date is Monday, November 18th. This represents a $2.00 annualized dividend and a yield of 21.76%. Icahn Enterprises's payout ratio is -183.49%.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently made changes to their positions in the company. Wilmington Savings Fund Society FSB bought a new position in Icahn Enterprises in the 3rd quarter worth approximately $30,000. Planning Capital Management Corp purchased a new stake in shares of Icahn Enterprises during the third quarter worth $34,000. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of Icahn Enterprises by 61.5% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,845 shares of the conglomerate's stock worth $47,000 after acquiring an additional 1,083 shares during the period. 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 in the last quarter. Finally, Wealth Enhancement Advisory Services LLC bought a new stake in shares of Icahn Enterprises during the 3rd quarter valued at $164,000. 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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