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

Apax Global Alpha (LON:APAX)’s share price crossed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of GBX 142.91 ($1.86) and traded as high as GBX 143.45 ($1.86). Apax Global Alpha shares last traded at GBX 143 ($1.86), with a volume of 173,478 shares trading hands.

Apax Global Alpha Stock Performance

The firm’s 50-day simple moving average is GBX 142.91 and its 200 day simple moving average is GBX 148.26. The company has a market cap of £702.27 million, a P/E ratio of 1,588.89 and a beta of 0.74.

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 given a dividend of GBX 5.50 ($0.07) per share. This represents a dividend yield of 3.82%. The ex-dividend date was Thursday, September 12th. Apax Global Alpha’s payout ratio is 12,222.22%.

Insider Activity at Apax Global Alpha

In other news, insider Karl Sternberg acquired 27,800 shares of the stock in a transaction that occurred on Thursday, September 5th. The stock was acquired at an average price of GBX 144 ($1.87) per share, for a total transaction of £40,032 ($51,976.11). In related news, insider Alexander Denny bought 16,737 shares of Apax Global Alpha stock in a transaction that occurred on Thursday, October 17th. The stock was purchased at an average cost of GBX 140 ($1.82) per share, with a total value of £23,431.80 ($30,423.01). Also, insider Karl Sternberg bought 27,800 shares of Apax Global Alpha stock in a transaction that occurred on Thursday, September 5th. The stock was bought at an average cost of GBX 144 ($1.87) per share, with a total value of £40,032 ($51,976.11). 14.43% of the stock is owned by corporate insiders.

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.