Apax Global Alpha (LON:APAX) Stock Passes Above 50-Day Moving Average – Here’s What Happened

Shares of Apax Global Alpha (LON:APAX) passed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of GBX 142.91 ($1.86) and traded as high as GBX 143.45 ($1.86). Apax Global Alpha shares last traded at GBX 143 ($1.86), with a volume of 173,478 shares trading hands.

Apax Global Alpha Trading Down 0.1 %

The stock has a market cap of £702.27 million, a PE ratio of 1,588.89 and a beta of 0.74. The company has a fifty day moving average of GBX 142.91 and a 200-day moving average of GBX 148.26.

Apax Global Alpha Cuts Dividend

The company also recently disclosed a dividend, which was paid on Thursday, October 3rd. Investors of record on Thursday, September 12th were issued a GBX 5.50 ($0.07) dividend. The ex-dividend date was Thursday, September 12th. This represents a dividend yield of 3.82%. Apax Global Alpha’s dividend payout ratio is presently 12,222.22%.

Insider Activity at Apax Global Alpha

In other news, insider Karl Sternberg acquired 27,800 shares of the business’s stock in a transaction that occurred on Thursday, September 5th. The shares were purchased at an average price of GBX 144 ($1.87) per share, for a total transaction of £40,032 ($51,976.11). In related news, insider Karl Sternberg purchased 27,800 shares of the business’s stock in a transaction on Thursday, September 5th. The shares were bought at an average price of GBX 144 ($1.87) per share, for a total transaction of £40,032 ($51,976.11). Also, insider Alexander Denny purchased 16,737 shares of the business’s stock in a transaction on Thursday, October 17th. The shares were bought at an average price of GBX 140 ($1.82) per share, for a total transaction of £23,431.80 ($30,423.01). Company insiders own 14.43% of the company’s stock.

About Apax Global Alpha

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.