Overbrook Management Corp purchased a new stake in Brookfield Business Partners LP (NYSE:BBU) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 135,333 shares of the business services provider’s stock, valued at approximately $4,881,000. Brookfield Business Partners makes up approximately 1.0% of Overbrook Management Corp’s investment portfolio, making the stock its 24th largest holding. Overbrook Management Corp owned about 0.20% of Brookfield Business Partners as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently bought and sold shares of BBU. Ladenburg Thalmann Financial Services Inc. boosted its stake in shares of Brookfield Business Partners by 374.3% in the 4th quarter. Ladenburg Thalmann Financial Services Inc. now owns 3,619 shares of the business services provider’s stock valued at $125,000 after purchasing an additional 2,856 shares in the last quarter. Tower Research Capital LLC TRC boosted its stake in shares of Brookfield Business Partners by 1,921.6% in the 4th quarter. Tower Research Capital LLC TRC now owns 5,155 shares of the business services provider’s stock valued at $223,000 after purchasing an additional 4,900 shares in the last quarter. Portland Investment Counsel Inc. acquired a new stake in shares of Brookfield Business Partners in the 4th quarter valued at approximately $361,000. Goldman Sachs Group Inc. acquired a new stake in shares of Brookfield Business Partners in the 4th quarter valued at approximately $649,000. Finally, Russell Investments Group Ltd. acquired a new stake in shares of Brookfield Business Partners in the 1st quarter valued at approximately $658,000. Institutional investors own 76.45% of the company’s stock.

A number of equities research analysts have recently weighed in on the stock. Royal Bank of Canada raised their price target on shares of Brookfield Business Partners from $41.00 to $42.00 and gave the company a “hold” rating in a research note on Tuesday, February 13th. Citigroup raised their price objective on shares of Brookfield Business Partners to $46.00 and gave the company a “buy” rating in a report on Thursday, May 24th. Finally, ValuEngine upgraded shares of Brookfield Business Partners from a “hold” rating to a “buy” rating in a report on Friday, June 1st. Six equities research analysts have rated the stock with a buy rating, The company has a consensus rating of “Buy” and a consensus target price of $42.40.

Shares of NYSE BBU opened at $40.45 on Thursday. Brookfield Business Partners LP has a 1 year low of $25.95 and a 1 year high of $41.42. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.24 and a quick ratio of 1.04.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 29th. Investors of record on Thursday, May 31st will be issued a $0.063 dividend. This represents a $0.25 dividend on an annualized basis and a yield of 0.62%. The ex-dividend date of this dividend is Wednesday, May 30th. This is a positive change from Brookfield Business Partners’s previous quarterly dividend of $0.06.

Brookfield Business Partners Profile

Institutional Ownership by Quarter for Brookfield Business Partners (NYSE:BBU)

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