Law Debenture Co. (LON:LWDB - Get Free Report)'s share price passed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of GBX 903.82 ($12.25) and traded as high as GBX 968 ($13.12). Law Debenture shares last traded at GBX 968 ($13.12), with a volume of 120,595 shares changing hands.
Law Debenture Stock Up 0.6%
The stock has a market cap of £1.29 billion, a price-to-earnings ratio of 9.06 and a beta of 0.93. The firm's 50-day moving average is GBX 903.82 and its 200 day moving average is GBX 899.77. The company has a debt-to-equity ratio of 18.53, a current ratio of 3.01 and a quick ratio of 3.21.
Law Debenture (LON:LWDB - Get Free Report) last issued its earnings results on Wednesday, March 12th. The investment trust reported GBX 33.48 ($0.45) earnings per share 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 company also recently announced a dividend, which was paid on Wednesday, April 16th. Stockholders of record on Thursday, March 20th were issued a dividend of GBX 9.50 ($0.13) per share. 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 payout ratio is presently 29.78%.
Insider Activity at Law Debenture
In related news, insider Pars Purewal acquired 343 shares of Law Debenture stock in a transaction on Tuesday, April 22nd. The shares were bought at an average price of GBX 870 ($11.79) per share, for a total transaction of £2,984.10 ($4,044.04). 6.32% of the stock is currently owned by insiders.
About Law Debenture
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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.
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