Petershill Partners (LON:PHLL) Reaches New 1-Year High – Here’s What Happened

Shares of Petershill Partners (LON:PHLL) hit a new 52-week high on Thursday . The stock traded as high as GBX 273 ($3.34) and last traded at GBX 270.50 ($3.31), with a volume of 380535 shares changing hands. The stock had previously closed at GBX 259 ($3.17).

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank restated a “buy” rating and set a GBX 235 ($2.88) price objective on shares of Petershill Partners in a research report on Wednesday, September 18th.

Petershill Partners Stock Up 4.4 %

The firm has a 50-day moving average of GBX 246.74 and a two-hundred day moving average of GBX 226.70. The company has a quick ratio of 6.11, a current ratio of 1.40 and a debt-to-equity ratio of 10.41. The company has a market capitalization of £2.92 billion, a PE ratio of 1,176.09, a price-to-earnings-growth ratio of 1.24 and a beta of 0.59.

Petershill Partners Increases Dividend

The business also recently declared a dividend, which was paid on Friday, December 20th. Stockholders of record on Thursday, November 21st were paid a $0.18 dividend. This represents a dividend yield of 6.21%. This is an increase from Petershill Partners’s previous dividend of $0.14. The ex-dividend date of this dividend was Thursday, November 21st. Petershill Partners’s payout ratio is 5,217.39%.

Insider Transactions at Petershill Partners

In other Petershill Partners news, insider Naguib Kheraj acquired 28,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 20th. The stock was purchased at an average price of GBX 255 ($3.12) per share, for a total transaction of £71,400 ($87,392.90). Company insiders own 0.72% of the company’s stock.

Petershill Partners Company Profile

Petershill Partners PLC operates as a general partner solutions investment firm. It provides capital and strategic support to asset managers through minority stake acquisitions. The company was formerly known as Delta Epsilon plc and changed its name to Petershill Partners PLC in September 2, 2021. The company was founded in 2007 and is based in London, the United Kingdom.