Apax Global Alpha (LON:APAX) Stock Crosses Below 50 Day Moving Average – Here’s Why

Apax Global Alpha (LON:APAX) shares passed below its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of GBX 142.39 ($1.85) and traded as low as GBX 139 ($1.81). Apax Global Alpha shares last traded at GBX 139 ($1.81), with a volume of 358,615 shares traded.

Apax Global Alpha Price Performance

The company has a market capitalization of £692.91 million, a P/E ratio of 1,544.44 and a beta of 0.74. The business’s 50-day moving average price is GBX 142.39 and its two-hundred day moving average price is GBX 148.15.

Apax Global Alpha Cuts Dividend

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

Insider Buying and Selling at Apax Global Alpha

In other Apax Global Alpha news, insider Karl Sternberg acquired 27,800 shares of the firm’s stock in a transaction that occurred on Thursday, September 5th. The stock was acquired at an average cost of GBX 144 ($1.87) per share, for a total transaction of £40,032 ($52,111.43). In other news, insider Alexander Denny bought 16,737 shares of the stock in a transaction on Thursday, October 17th. The stock was purchased at an average price of GBX 140 ($1.82) per share, for a total transaction of £23,431.80 ($30,502.21). Also, insider Karl Sternberg purchased 27,800 shares of the business’s stock in a transaction dated Thursday, September 5th. The stock was purchased at an average price of GBX 144 ($1.87) per share, for a total transaction of £40,032 ($52,111.43). 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.