Law Debenture (LON:LWDB) Reaches New 12-Month High – Here’s Why

Shares of Law Debenture Co. (LON:LWDB) reached a new 52-week high on Monday . The company traded as high as GBX 935.39 ($12.43) and last traded at GBX 935.39 ($12.43), with a volume of 13505 shares trading hands. The stock had previously closed at GBX 922 ($12.25).

Law Debenture Stock Performance

The company has a current ratio of 3.01, a quick ratio of 3.21 and a debt-to-equity ratio of 18.53. The stock has a 50 day moving average price of GBX 880.74 and a two-hundred day moving average price of GBX 889.18. The company has a market cap of £1.24 billion, a price-to-earnings ratio of 8.71 and a beta of 0.93.

Law Debenture (LON:LWDB) last released its quarterly earnings data on Wednesday, March 12th. The investment trust reported GBX 33.48 ($0.44) EPS for the quarter. Law Debenture had a net margin of 69.85% and a return on equity of 15.91%.

Law Debenture Increases Dividend

The company also recently disclosed a dividend, which was paid on Wednesday, April 16th. Investors of record on Thursday, March 20th were given a GBX 9.50 ($0.13) dividend. The ex-dividend date was Thursday, March 20th. This represents a dividend yield of 1.04%. This is a boost from Law Debenture’s previous dividend of $8.00. Law Debenture’s dividend payout ratio is currently 29.78%.

Insider Activity at Law Debenture

In other news, insider Pars Purewal acquired 343 shares of the stock in a transaction that occurred on Tuesday, April 22nd. The stock was acquired at an average price of GBX 870 ($11.56) per share, for a total transaction of £2,984.10 ($3,965.05). 6.32% of the stock is owned by corporate insiders.

Law Debenture Company Profile

LawDeb is a rare proposition; an investment trust with an independent professional services business. Our goal is to achieve long term capital growth in real terms and steadily increasing income.