Brookfield Business Partners L.P. (NYSE:BBU – Get Rating) was the target of a significant decline in short interest in October. As of October 31st, there was short interest totalling 18,600 shares, a decline of 25.0% from the October 15th total of 24,800 shares. Based on an average daily trading volume, of 13,700 shares, the days-to-cover ratio is currently 1.4 days. Currently, 0.0% of the shares of the stock are sold short.

Brookfield Business Partners Stock Performance

NYSE:BBU traded up $1.58 on Friday, hitting $22.89. The stock had a trading volume of 105,353 shares, compared to its average volume of 21,726. Brookfield Business Partners has a 52-week low of $18.48 and a 52-week high of $51.98. The stock has a market cap of $1.71 billion, a price-to-earnings ratio of 52.01 and a beta of 1.36. The company has a quick ratio of 0.80, a current ratio of 1.10 and a debt-to-equity ratio of 0.14. The business’s 50-day simple moving average is $20.89 and its two-hundred day simple moving average is $21.90.

Brookfield Business Partners (NYSE:BBU – Get Rating) last posted its quarterly earnings data on Monday, November 7th. The business services provider reported ($0.14) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.36 by ($1.50). Brookfield Business Partners had a return on equity of 2.77% and a net margin of 0.68%. The business had revenue of $14.74 billion during the quarter. As a group, research analysts predict that Brookfield Business Partners will post 5.97 earnings per share for the current year.

Brookfield Business Partners Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 30th. Shareholders of record on Wednesday, November 30th will be issued a dividend of $0.063 per share. This is a positive change from Brookfield Business Partners’s previous quarterly dividend of $0.06. This represents a $0.25 dividend on an annualized basis and a yield of 1.10%. The ex-dividend date of this dividend is Tuesday, November 29th. Brookfield Business Partners’s dividend payout ratio (DPR) is 56.82%.

Analysts Set New Price Targets

Several research firms have commented on BBU. Royal Bank of Canada lifted their price target on shares of Brookfield Business Partners from $31.00 to $34.00 and gave the stock an “outperform” rating in a research note on Monday, August 8th. National Bankshares dropped their target price on shares of Brookfield Business Partners from $36.00 to $28.00 and set an “outperform” rating for the company in a research report on Tuesday, November 8th.

Hedge Funds Weigh In On Brookfield Business Partners

Hedge funds and other institutional investors have recently modified their holdings of the stock. Russell Investments Group Ltd. boosted its stake in Brookfield Business Partners by 650.1% during the first quarter. Russell Investments Group Ltd. now owns 33,756 shares of the business services provider’s stock valued at $1,031,000 after buying an additional 29,256 shares during the last quarter. National Bank of Canada FI grew its holdings in Brookfield Business Partners by 52.9% during the 1st quarter. National Bank of Canada FI now owns 65,279 shares of the business services provider’s stock worth $1,988,000 after acquiring an additional 22,588 shares in the last quarter. CIBC Asset Management Inc raised its holdings in Brookfield Business Partners by 8.1% in the first quarter. CIBC Asset Management Inc now owns 2,871,820 shares of the business services provider’s stock worth $87,782,000 after purchasing an additional 215,739 shares in the last quarter. Montrusco Bolton Investments Inc. grew its position in Brookfield Business Partners by 6.4% during the 1st quarter. Montrusco Bolton Investments Inc. now owns 98,644 shares of the business services provider’s stock worth $3,014,000 after purchasing an additional 5,960 shares during the last quarter. Finally, DORCHESTER WEALTH MANAGEMENT Co increased its stake in shares of Brookfield Business Partners by 39.7% in the first quarter. DORCHESTER WEALTH MANAGEMENT Co now owns 154,930 shares of the business services provider’s stock worth $4,811,000 after acquiring an additional 44,000 shares during the period. Institutional investors own 75.10% of the company’s stock.

Brookfield Business Partners Company Profile

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Brookfield Business Partners L.P. is a private equity firm specializes in acquisition. The firm typically invests in business 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. Brookfield Business Partners L.P.

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