Law Debenture (LON:LWDB) Hits New 12-Month High – Still a Buy?

Law Debenture Co. (LON:LWDB)’s stock price hit a new 52-week high on Monday . The company traded as high as GBX 947 ($12.59) and last traded at GBX 947 ($12.59), with a volume of 138459 shares changing hands. The stock had previously closed at GBX 942 ($12.53).

Law Debenture Stock Performance

The stock has a market capitalization of £1.25 billion, a P/E ratio of 8.81 and a beta of 0.93. The company’s 50-day moving average is GBX 884.52 and its two-hundred day moving average is GBX 891.24. The company has a current ratio of 3.01, a quick ratio of 3.21 and a debt-to-equity ratio of 18.53.

Law Debenture (LON:LWDB) last announced its quarterly earnings data on Wednesday, March 12th. The investment trust reported GBX 33.48 ($0.45) 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 declared a dividend, which was paid on Wednesday, April 16th. Investors of record on Thursday, March 20th were paid a dividend of GBX 9.50 ($0.13) per share. This represents a yield of 1.04%. This is a positive change from Law Debenture’s previous dividend of $8.00. The ex-dividend date was Thursday, March 20th. Law Debenture’s payout ratio is currently 29.78%.

Insider Buying and Selling at Law Debenture

In other news, insider Pars Purewal purchased 343 shares of the business’s stock in a transaction dated Tuesday, April 22nd. The shares were bought at an average cost of GBX 870 ($11.57) per share, for a total transaction of £2,984.10 ($3,968.22). Corporate insiders own 6.32% of the company’s stock.

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.