Brookfield Asset Management (BAM.A) Hits New 1-Year High at $63.09
Brookfield Asset Management Inc (TSE:BAM.A) (NYSE:BAM) hit a new 52-week high during trading on Wednesday . The stock traded as high as C$63.09 and last traded at C$62.82, with a volume of 82989 shares trading hands. The stock had previously closed at C$63.10.
The firm has a market cap of $60.48 billion and a P/E ratio of 24.66. The company has a debt-to-equity ratio of 121.21, a current ratio of 1.11 and a quick ratio of 0.79.
In related news, Director Sam Jb Pollock sold 180,591 shares of the company’s stock in a transaction on Thursday, May 16th. The stock was sold at an average price of C$63.15, for a total transaction of C$11,403,675.86. Following the transaction, the director now directly owns 2,254,022 shares of the company’s stock, valued at C$142,333,428.92. Also, Director Timothy Robert Price sold 200,000 shares of the company’s stock in a transaction on Wednesday, March 20th. The shares were sold at an average price of C$62.00, for a total value of C$12,400,000.00. Following the transaction, the director now directly owns 3,971,794 shares in the company, valued at C$246,251,228. Over the last ninety days, insiders have sold 680,591 shares of company stock valued at $42,631,516.
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Brookfield Asset Management Inc is a publicly owned asset management holding company. The firm specializes in early stage, acquisition, distressed investments, short-term financing to mid-market companies, corporate carve-outs, recapitalizations, convertible, senior and mezzanine financings, operational and capital structure restructuring, strategic re-direction, turnaround, and under-performing midmarket companies.
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