Valeo Financial Advisors LLC Invests $203,000 in Icahn Enterprises L.P. (NASDAQ:IEP)

Valeo Financial Advisors LLC purchased a new stake in Icahn Enterprises L.P. (NASDAQ:IEP) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 15,000 shares of the conglomerate’s stock, valued at approximately $203,000.

Other large investors have also recently bought and sold shares of the company. Northwestern Mutual Wealth Management Co. grew its position 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 valued at $47,000 after purchasing an additional 1,083 shares during the last quarter. HighPoint Advisor Group LLC acquired a new position in Icahn Enterprises in the 4th quarter valued at $175,000. KPP Advisory Services LLC bought a new position in Icahn Enterprises during the 2nd quarter worth $187,000. Insigneo Advisory Services LLC acquired a new stake in shares of Icahn Enterprises during the second quarter worth $201,000. Finally, Vima LLC bought a new stake in shares of Icahn Enterprises in the second quarter valued at about $220,000. 87.09% of the stock is owned by institutional investors.

Icahn Enterprises Price Performance

NASDAQ:IEP opened at $14.49 on Wednesday. Icahn Enterprises L.P. has a 52 week low of $9.72 and a 52 week high of $22.59. The company has a debt-to-equity ratio of 1.23, a quick ratio of 4.85 and a current ratio of 4.85. The firm’s 50-day simple moving average is $13.82 and its 200 day simple moving average is $15.86. The firm has a market cap of $6.54 billion, a price-to-earnings ratio of -12.60 and a beta of 0.77.

Icahn Enterprises (NASDAQ:IEP) last announced its earnings results on Wednesday, August 7th. The conglomerate reported ($0.72) EPS for the quarter, missing the consensus estimate of $0.19 by ($0.91). Icahn Enterprises had a negative return on equity of 8.62% and a negative net margin of 4.97%. The business had revenue of $2.36 billion for the quarter, compared to the consensus estimate of $2.24 billion. During the same period in the prior year, the business posted ($0.72) earnings per share. As a group, sell-side analysts predict that Icahn Enterprises L.P. will post -0.42 earnings per share for the current year.

Icahn Enterprises Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 25th. Shareholders of record on Monday, August 19th were paid a dividend of $1.00 per share. This represents a $4.00 annualized dividend and a yield of 27.61%. The ex-dividend date of this dividend was Monday, August 19th. Icahn Enterprises’s payout ratio is presently -347.83%.

Icahn Enterprises Profile

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.