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

Petershill Partners (LON:PHLL)’s stock price hit a new 52-week high during mid-day trading on Thursday . The company 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 Analyst Weigh In

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

Petershill Partners Stock Up 4.4 %

The stock has a market cap 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. The business has a 50-day moving average price of GBX 246.74 and a 200-day moving average price of GBX 226.70. The company has a current ratio of 1.40, a quick ratio of 6.11 and a debt-to-equity ratio of 10.41.

Petershill Partners Increases Dividend

The company also recently disclosed a dividend, which was paid on Friday, December 20th. Shareholders of record on Thursday, November 21st were paid a dividend of $0.18 per share. This is a positive change from Petershill Partners’s previous dividend of $0.14. This represents a yield of 6.21%. The ex-dividend date was Thursday, November 21st. Petershill Partners’s payout ratio is 5,217.39%.

Insider Buying and Selling at Petershill Partners

In other Petershill Partners news, insider Naguib Kheraj purchased 28,000 shares of the firm’s stock in a transaction dated Wednesday, November 20th. The shares were purchased at an average cost of GBX 255 ($3.12) per share, with a total value of £71,400 ($87,392.90). 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.