International Public Partnerships Ltd (LON:INPP) insider Claire Whittet purchased 6,666 shares of the business’s stock in a transaction dated Monday, May 8th. The shares were purchased at an average cost of GBX 150 ($1.94) per share, for a total transaction of £9,999 ($12,931.97).
International Public Partnerships Ltd (LON:INPP) opened at 159.70 on Friday. International Public Partnerships Ltd has a 1-year low of GBX 142.40 and a 1-year high of GBX 160.00. The firm’s market capitalization is GBX 1.80 billion. The company has a 50 day moving average price of GBX 1.43 and a 200-day moving average price of GBX 1.40.
The firm also recently announced a dividend, which will be paid on Wednesday, June 7th. Shareholders of record on Thursday, April 20th will be paid a GBX 3.33 ($0.04) dividend. This represents a yield of 2.13%. The ex-dividend date of this dividend is Thursday, April 20th.
Separately, Royal Bank of Canada initiated coverage on International Public Partnerships in a research note on Friday, March 24th. They set an “outperform” rating and a GBX 165 ($2.13) price target on the stock.
International Public Partnerships Company Profile
International Public Partnerships Limited (INPP) is a closed-ended investment company. The Company invests in equity, subordinated and mezzanine debt, and senior loans made to entities owning or operating infrastructure concessions, assets or related businesses. The Company’s investment objective is to provide shareholders with a predictable, attractive and sustainable investment yield in addition to the potential for capital appreciation of the investment portfolio.