Apax Global Alpha (LON:APAX) Share Price Passes Above 50-Day Moving Average of $146.80

Apax Global Alpha Limited (LON:APAX) shares crossed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of GBX 146.80 ($1.84) and traded as high as GBX 159.80 ($2.01). Apax Global Alpha shares last traded at GBX 156 ($1.96), with a volume of 655,665 shares trading hands.

Apax Global Alpha Price Performance

The firm has a 50-day moving average of GBX 146.80 and a 200 day moving average of GBX 152.68. The company has a market capitalization of £774.96 million, a PE ratio of -3,156.00 and a beta of 0.77.

Apax Global Alpha Cuts Dividend

The business also recently disclosed a dividend, which was paid on Thursday, April 4th. Investors of record on Thursday, March 14th were given a dividend of GBX 5.64 ($0.07) per share. The ex-dividend date was Thursday, March 14th. This represents a yield of 3.66%. Apax Global Alpha’s dividend payout ratio (DPR) is -24,000.00%.

Insider Transactions at Apax Global Alpha

In other news, insider Tim J. Breedon bought 8,000 shares of the company’s stock in a transaction on Thursday, April 4th. The shares were acquired at an average cost of GBX 146 ($1.83) per share, with a total value of £11,680 ($14,669.68). Company insiders own 14.14% of the company’s stock.

Apax Global Alpha Company Profile

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.