Apax Global Alpha (LON:APAX) to Issue Dividend of GBX 5.50

Apax Global Alpha (LON:APAX) declared a dividend on Thursday, September 5th, Upcoming.Co.Uk reports. Stockholders of record on Thursday, September 12th will be paid a dividend of GBX 5.50 ($0.07) per share on Thursday, October 3rd. This represents a dividend yield of 3.82%. The ex-dividend date of this dividend is Thursday, September 12th. The official announcement can be viewed at this link.

Apax Global Alpha Stock Down 0.8 %

APAX stock opened at GBX 145 ($1.91) on Friday. The company has a 50-day simple moving average of GBX 149.87 and a 200 day simple moving average of GBX 150.22. The company has a market capitalization of £712.10 million, a P/E ratio of 1,611.11 and a beta of 0.74. Apax Global Alpha has a fifty-two week low of GBX 132.93 ($1.75) and a fifty-two week high of GBX 172.60 ($2.27).

Insiders Place Their Bets

In other news, insider Karl Sternberg purchased 27,800 shares of the stock in a transaction dated Thursday, September 5th. The shares were bought at an average cost of GBX 144 ($1.89) per share, for a total transaction of £40,032 ($52,639.05). 14.43% of the stock is owned by 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.