Petershill Partners (LON:PHLL) Sets New 52-Week High – Here’s What Happened

Petershill Partners (LON:PHLL)’s stock price hit a new 52-week high on Tuesday . The company traded as high as GBX 247 ($3.13) and last traded at GBX 244.50 ($3.09), with a volume of 12223 shares traded. The stock had previously closed at GBX 241 ($3.05).

Wall Street Analyst Weigh In

Several brokerages have issued reports on PHLL. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a GBX 245 ($3.10) price objective on shares of Petershill Partners in a research report on Thursday, September 5th. Berenberg Bank reissued a “buy” rating and set a GBX 235 ($2.97) price target on shares of Petershill Partners in a report on Wednesday, September 18th.

Petershill Partners Trading Down 6.4 %

The company has a fifty day moving average of GBX 220.50 and a two-hundred day moving average of GBX 214.90. 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 stock has a market capitalization of £2.57 billion, a price-to-earnings ratio of 1,106.52, a P/E/G ratio of 1.24 and a beta of 0.59.

Petershill Partners Increases Dividend

The company also recently announced a dividend, which will be paid on Friday, December 20th. Stockholders of record on Thursday, November 21st will be paid a $0.18 dividend. This represents a dividend yield of 6.21%. The ex-dividend date is Thursday, November 21st. This is a boost from Petershill Partners’s previous dividend of $0.14. Petershill Partners’s dividend payout ratio (DPR) is 5,217.39%.

Insider Activity

In other Petershill Partners news, insider Naguib Kheraj purchased 28,000 shares of Petershill Partners stock in a transaction dated Wednesday, November 20th. The stock was acquired at an average cost of GBX 255 ($3.23) per share, with a total value of £71,400 ($90,345.44). Insiders own 0.72% of the company’s stock.

About Petershill Partners

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.