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

Law Debenture Co. (LON:LWDB) shares reached a new 52-week high during mid-day trading on Monday . The company traded as high as GBX 935.39 ($12.45) and last traded at GBX 935.39 ($12.45), with a volume of 13505 shares changing hands. The stock had previously closed at GBX 922 ($12.27).

Law Debenture Price Performance

The company has a debt-to-equity ratio of 18.53, a quick ratio of 3.21 and a current ratio of 3.01. The business’s fifty day simple moving average is GBX 881.94 and its 200 day simple moving average is GBX 889.99. The stock has a market cap of £1.23 billion, a price-to-earnings ratio of 8.68 and a beta of 0.93.

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

Insider Transactions at Law Debenture

In other Law Debenture 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 ($11.58) per share, with a total value of £2,984.10 ($3,971.39). 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.