Impax Asset Management Group Plc (LON:IPX – Get Free Report)’s share price passed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 473.14 ($5.94) and traded as low as GBX 441.63 ($5.55). Impax Asset Management Group shares last traded at GBX 460 ($5.78), with a volume of 942,331 shares.
Wall Street Analyst Weigh In
Separately, Berenberg Bank restated a “buy” rating and issued a GBX 700 ($8.79) price target on shares of Impax Asset Management Group in a report on Tuesday, April 9th.
Impax Asset Management Group Trading Down 1.1 %
Impax Asset Management Group Increases Dividend
The company also recently declared a dividend, which was paid on Friday, March 22nd. Shareholders of record on Thursday, February 8th were given a dividend of GBX 22.90 ($0.29) per share. This represents a dividend yield of 5.08%. This is a positive change from Impax Asset Management Group’s previous dividend of $4.70. The ex-dividend date of this dividend was Thursday, February 8th. Impax Asset Management Group’s dividend payout ratio is presently 9,333.33%.
Insider Transactions at Impax Asset Management Group
In other news, insider William Simon O’Regan bought 13,000 shares of the firm’s stock in a transaction that occurred on Monday, March 25th. The stock was bought at an average price of GBX 451 ($5.67) per share, with a total value of £58,630 ($73,646.53). In other Impax Asset Management Group news, insider William Simon O’Regan acquired 13,000 shares of the firm’s stock in a transaction dated Monday, March 25th. The stock was purchased at an average price of GBX 451 ($5.67) per share, for a total transaction of £58,630 ($73,646.53). Also, insider Julia Bond bought 5,500 shares of the company’s stock in a transaction that occurred on Friday, April 5th. The shares were acquired at an average price of GBX 434 ($5.45) per share, for a total transaction of £23,870 ($29,983.67). Insiders own 19.47% of the company’s stock.
About Impax Asset Management Group
Impax Asset Management Group plc is a publicly owned investment manager. Through its subsidiaries, it provides investment services to funds specializing in the environmental markets sector, with a focus on alternative energy, water, and waste sectors, primarily in the United Kingdom. It manages a range of funds and segregated accounts on behalf of institutional and private investors.
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