Insider Buying: Brookfield Business Partners LP (TSE:BBU.UN) Insider Buys 1,911 Shares of Stock

Brookfield Business Partners LP (TSE:BBU.UN) insider Brookfield Corporation purchased 1,911 shares of Brookfield Business Partners stock in a transaction dated Friday, June 28th. The shares were purchased at an average price of C$18.93 per share, with a total value of C$36,167.01.

Brookfield Business Partners Price Performance

BBU.UN opened at C$24.61 on Friday. The company has a current ratio of 1.10, a quick ratio of 0.65 and a debt-to-equity ratio of 237.54. The stock has a market capitalization of C$1.83 billion, a P/E ratio of 2.98, a PEG ratio of 2.61 and a beta of 1.45. The stock has a 50-day moving average price of C$25.75 and a 200-day moving average price of C$27.48. Brookfield Business Partners LP has a 12-month low of C$16.86 and a 12-month high of C$31.82.

Brookfield Business Partners Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Friday, June 28th were paid a $0.0625 dividend. This represents a $0.25 annualized dividend and a yield of 1.02%. The ex-dividend date of this dividend was Friday, May 31st. Brookfield Business Partners’s dividend payout ratio is currently 4.12%.

Analyst Ratings Changes

Separately, Royal Bank of Canada dropped their price objective on Brookfield Business Partners from C$33.00 to C$32.00 and set an “outperform” rating for the company in a research note on Monday, April 29th.

About Brookfield Business Partners

Brookfield Business Partners L.P. is a private equity firm specializes in acquisition. The firm typically invests in business services, construction, energy, and industrials sector. It prefers to take majority stake in companies. The firm seeks returns of at least 15% on its investments. Brookfield Business Partners L.P.