Brookfield Business Partners L.P. (NYSE:BBU) Short Interest Down 32.2% in November

Brookfield Business Partners L.P. (NYSE:BBU) was the recipient of a large drop in short interest during the month of November. As of November 30th, there was short interest totalling 51,500 shares, a drop of 32.2% from the November 15th total of 76,000 shares. Based on an average daily trading volume, of 14,600 shares, the days-to-cover ratio is presently 3.5 days. Currently, 0.1% of the company’s shares are sold short.

Brookfield Business Partners Stock Down 2.1 %

Shares of Brookfield Business Partners stock traded down $0.51 on Friday, reaching $23.78. The company’s stock had a trading volume of 18,492 shares, compared to its average volume of 14,627. The firm’s fifty day simple moving average is $24.09 and its two-hundred day simple moving average is $21.42. The company has a market capitalization of $1.77 billion, a price-to-earnings ratio of 3.00 and a beta of 1.48. Brookfield Business Partners has a 52 week low of $16.85 and a 52 week high of $26.75. The company has a quick ratio of 0.95, a current ratio of 1.17 and a debt-to-equity ratio of 2.12.

Brookfield Business Partners (NYSE:BBU) last posted its quarterly earnings data on Friday, November 8th. The business services provider reported $1.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.00 by $0.39. The company had revenue of $9.23 billion during the quarter. Brookfield Business Partners had a return on equity of 30.68% and a net margin of 11.77%. During the same quarter in the previous year, the firm earned $1.33 EPS. Equities analysts anticipate that Brookfield Business Partners will post 5.43 earnings per share for the current year.

Brookfield Business Partners Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, November 29th will be paid a $0.063 dividend. This is a boost from Brookfield Business Partners’s previous quarterly dividend of $0.06. The ex-dividend date of this dividend is Friday, November 29th. This represents a $0.25 annualized dividend and a dividend yield of 1.06%. Brookfield Business Partners’s dividend payout ratio is 3.09%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the business. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp grew its holdings in shares of Brookfield Business Partners by 13.6% during the third quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 773,975 shares of the business services provider’s stock worth $18,145,000 after buying an additional 92,413 shares during the last quarter. Bank of Montreal Can lifted its stake in Brookfield Business Partners by 3.1% in the 2nd quarter. Bank of Montreal Can now owns 767,726 shares of the business services provider’s stock valued at $15,036,000 after buying an additional 22,886 shares in the last quarter. Principal Financial Group Inc. boosted its stake in shares of Brookfield Business Partners by 29.9% during the 3rd quarter. Principal Financial Group Inc. now owns 117,189 shares of the business services provider’s stock worth $2,731,000 after purchasing an additional 26,947 shares during the last quarter. PCJ Investment Counsel Ltd. grew its holdings in shares of Brookfield Business Partners by 14.2% during the third quarter. PCJ Investment Counsel Ltd. now owns 1,518,892 shares of the business services provider’s stock worth $35,528,000 after buying an additional 188,743 shares in the last quarter. Finally, AYAL Capital Advisors Ltd raised its position in shares of Brookfield Business Partners by 97.4% in the second quarter. AYAL Capital Advisors Ltd now owns 45,000 shares of the business services provider’s stock valued at $848,000 after buying an additional 22,200 shares during the last quarter. 85.04% of the stock is owned by institutional investors and hedge funds.

Brookfield Business Partners Company Profile

Brookfield Business Partners L.P. is a private equity firm specializing in acquisition. The firm typically invests in business services, infrastructure services, construction, energy, and industrials sector. It prefers to take majority stake in companies. The firm seeks returns of at least 15% on its investments.