Impax Asset Management Group (LON:IPX) Sets New 12-Month Low – Here’s What Happened

Impax Asset Management Group Plc (LON:IPX)’s share price hit a new 52-week low during trading on Thursday . The company traded as low as GBX 220.50 ($2.73) and last traded at GBX 224 ($2.77), with a volume of 578262 shares changing hands. The stock had previously closed at GBX 242.50 ($3.00).

Analyst Ratings Changes

Separately, Berenberg Bank lowered their price objective on shares of Impax Asset Management Group from GBX 560 ($6.92) to GBX 510 ($6.30) and set a “buy” rating for the company in a research note on Friday, December 13th.

Impax Asset Management Group Trading Down 7.6 %

The company’s 50 day simple moving average is GBX 300.94 and its 200 day simple moving average is GBX 355.30. The company has a debt-to-equity ratio of 6.93, a current ratio of 3.59 and a quick ratio of 2.26. The firm has a market cap of £286.63 million, a price-to-earnings ratio of 722.58, a P/E/G ratio of 5.05 and a beta of 1.64.

Impax Asset Management Group Increases Dividend

The company also recently announced a dividend, which will be paid on Friday, March 21st. Investors of record on Thursday, February 20th will be paid a dividend of GBX 22.90 ($0.28) per share. The ex-dividend date of this dividend is Thursday, February 20th. This represents a dividend yield of 7.12%. This is an increase from Impax Asset Management Group’s previous dividend of $4.70. Impax Asset Management Group’s payout ratio is presently 9,032.26%.

About Impax Asset Management Group

Impax Asset Management was founded in 1998 and has been a pioneer in the development of investing in the transition to a more sustainable global economy. We are one of the largest investment managers dedicated to investing in sustainable markets globally.

We believe that capital markets will be shaped profoundly by global sustainability challenges, including climate change, pollution and essential investments in human capital, infrastructure and resource efficiency.