Law Debenture (LON:LWDB) Reaches New 1-Year High - What's Next?

Law Debenture Co. (LON:LWDB - Get Free Report) shares hit a new 52-week high on Tuesday . The company traded as high as GBX 957.92 ($12.90) and last traded at GBX 953.90 ($12.85), with a volume of 40384 shares trading hands. The stock had previously closed at GBX 945 ($12.73).

Law Debenture Price Performance

The company has a market capitalization of £1.26 billion, a PE ratio of 8.85 and a beta of 0.93. 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 company's 50 day moving average price is GBX 892.35 and its 200-day moving average price is GBX 895.08.

Law Debenture (LON:LWDB - Get Free Report) last posted its quarterly earnings results on Wednesday, March 12th. The investment trust reported GBX 33.48 ($0.45) earnings per share (EPS) for the quarter. Law Debenture had a return on equity of 15.91% and a net margin of 69.85%.

Law Debenture Increases Dividend

The firm also recently announced a dividend, which was paid on Wednesday, April 16th. Investors of record on Thursday, March 20th were given a dividend of GBX 9.50 ($0.13) per share. This represents a yield of 1.04%. The ex-dividend date was Thursday, March 20th. This is an increase from Law Debenture's previous dividend of $8.00. Law Debenture's dividend payout ratio is 29.78%.

Insider Activity at Law Debenture

In related news, insider Pars Purewal purchased 343 shares of the stock in a transaction that occurred on Tuesday, April 22nd. The stock was purchased at an average cost of GBX 870 ($11.72) per share, for a total transaction of £2,984.10 ($4,020.07). 6.32% of the stock is currently owned by insiders.

About Law Debenture

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.