PSI Advisors LLC Lowers Position in Icahn Enterprises L.P. (NASDAQ:IEP)

PSI Advisors LLC trimmed its stake in shares of Icahn Enterprises L.P. (NASDAQ:IEP) by 15.0% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 26,795 shares of the conglomerate’s stock after selling 4,715 shares during the period. PSI Advisors LLC’s holdings in Icahn Enterprises were worth $232,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Wilmington Savings Fund Society FSB bought a new position in shares of Icahn Enterprises during the 3rd quarter valued at approximately $30,000. Planning Capital Management Corp bought a new position in Icahn Enterprises during the third quarter valued at $34,000. Northwestern Mutual Wealth Management Co. lifted its position in Icahn Enterprises by 61.5% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,845 shares of the conglomerate’s stock valued at $47,000 after purchasing an additional 1,083 shares during the last quarter. Barclays PLC grew its stake in shares of Icahn Enterprises by 24.3% in the 3rd quarter. Barclays PLC now owns 7,307 shares of the conglomerate’s stock worth $100,000 after buying an additional 1,427 shares in the last quarter. Finally, KPP Advisory Services LLC bought a new stake in shares of Icahn Enterprises in the 2nd quarter worth about $187,000. 87.09% of the stock is currently owned by institutional investors.

Icahn Enterprises Stock Down 0.9 %

Shares of NASDAQ:IEP opened at $9.13 on Tuesday. The company has a market cap of $4.60 billion, a price-to-earnings ratio of -8.38 and a beta of 0.80. Icahn Enterprises L.P. has a 12 month low of $8.53 and a 12 month high of $22.59. The company has a current ratio of 4.61, a quick ratio of 4.61 and a debt-to-equity ratio of 1.34. The company has a 50-day moving average price of $10.55 and a 200 day moving average price of $13.36.

Icahn Enterprises Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, December 26th. Stockholders of record on Monday, November 18th were paid a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 21.91%. The ex-dividend date was Monday, November 18th. Icahn Enterprises’s payout ratio is -183.49%.

Icahn Enterprises Company Profile

Icahn Enterprises L.P., through its subsidiaries, engages in the investment, energy, automotive, food packaging, real estate, home fashion, and pharma businesses in the United States and Internationally. The Investment segment invests its proprietary capital through various private investment funds. This segment provides investment advisory and other related services.