Shares of Impax Asset Management Group Plc (LON:IPX – Get Free Report) crossed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of GBX 469.41 ($5.84) and traded as high as GBX 475.64 ($5.92). Impax Asset Management Group shares last traded at GBX 466.50 ($5.81), with a volume of 391,084 shares traded.
Analyst Upgrades and Downgrades
Separately, Berenberg Bank reaffirmed a “buy” rating and issued a GBX 700 ($8.71) price objective on shares of Impax Asset Management Group in a research note on Tuesday, April 9th.
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Impax Asset Management Group Price Performance
Impax Asset Management Group Increases Dividend
The business also recently announced a dividend, which was paid on Friday, March 22nd. Investors of record on Thursday, February 8th were paid a dividend of GBX 22.90 ($0.29) per share. This represents a yield of 5.08%. This is a boost from Impax Asset Management Group’s previous dividend of $4.70. The ex-dividend date of this dividend was Thursday, February 8th. Impax Asset Management Group’s payout ratio is presently 9,333.33%.
Insider Buying and Selling
In related news, insider Ian Simm sold 16,667 shares of the business’s stock in a transaction on Tuesday, February 6th. The stock was sold at an average price of GBX 522 ($6.50), for a total transaction of £87,001.74 ($108,305.42). In other Impax Asset Management Group news, insider Julia Bond purchased 5,500 shares of the firm’s stock in a transaction on Friday, April 5th. The stock was bought at an average cost of GBX 434 ($5.40) per share, with a total value of £23,870 ($29,714.93). Also, insider Ian Simm sold 16,667 shares of Impax Asset Management Group stock in a transaction dated Tuesday, February 6th. The stock was sold at an average price of GBX 522 ($6.50), for a total value of £87,001.74 ($108,305.42). 19.47% of the stock is currently owned by insiders.
Impax Asset Management Group Company Profile
Impax Asset Management Group plc is a publicly owned investment manager. Through its subsidiaries, it provides investment services to funds specializing in the environmental markets sector, with a focus on alternative energy, water, and waste sectors, primarily in the United Kingdom. It manages a range of funds and segregated accounts on behalf of institutional and private investors.
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