Apax Global Alpha (LON:APAX - Get Free Report)'s stock price crossed below its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of GBX 143.03 ($1.87) and traded as low as GBX 140.65 ($1.84). Apax Global Alpha shares last traded at GBX 142 ($1.86), with a volume of 349,977 shares.
Apax Global Alpha Stock Performance
The firm has a market cap of £690.73 million, a P/E ratio of 1,562.78 and a beta of 0.74. The stock's 50 day simple moving average is GBX 143.03 and its 200 day simple moving average is GBX 148.51.
Apax Global Alpha Cuts Dividend
The business also recently declared a dividend, which was paid on Thursday, October 3rd. Stockholders of record on Thursday, September 12th were issued a GBX 5.50 ($0.07) dividend. This represents a dividend yield of 3.82%. The ex-dividend date was Thursday, September 12th. Apax Global Alpha's payout ratio is 12,222.22%.
Insiders Place Their Bets
In related news, insider Karl Sternberg bought 27,800 shares of the business's stock in a transaction dated Thursday, September 5th. The shares were purchased at an average price of GBX 144 ($1.88) per share, with a total value of £40,032 ($52,391.05). Insiders own 14.43% of the company's stock.
About Apax Global Alpha
(
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Apax Global Alpha Limited specializes in fund of funds investments. It seeks to invest in public, private debt, and equity investments. Under fund of funds, the fund seeks to invest in private equity funds managed by Apax Partners. It also makes derived investments which are investments in equities and debt derived from the insights gained via Apax' Private Equity activities.
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