Apax Global Alpha (LON:APAX) Hits New 12-Month Low at $132.93

Apax Global Alpha (LON:APAX) shares hit a new 52-week low on Wednesday . The company traded as low as GBX 132.93 ($1.65) and last traded at GBX 137.20 ($1.71), with a volume of 611135 shares traded. The stock had previously closed at GBX 143.80 ($1.79).

Apax Global Alpha Price Performance

The stock has a market capitalization of £682.63 million, a P/E ratio of -2,900.00 and a beta of 0.77. The company’s 50-day simple moving average is GBX 149.74 and its 200-day simple moving average is GBX 155.10.

Apax Global Alpha Cuts Dividend

The company also recently announced a dividend, which was paid on Thursday, April 4th. Stockholders of record on Thursday, March 14th were issued a GBX 5.64 ($0.07) dividend. The ex-dividend date of this dividend was Thursday, March 14th. This represents a dividend yield of 3.66%. Apax Global Alpha’s payout ratio is -24,000.00%.

Insiders Place Their Bets

In other Apax Global Alpha news, insider Tim J. Breedon purchased 8,000 shares of the company’s stock in a transaction that occurred on Thursday, April 4th. The shares were acquired at an average price of GBX 146 ($1.82) per share, for a total transaction of £11,680 ($14,540.02). Company insiders own 14.14% of the company’s stock.

About Apax Global Alpha

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.