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Insider Buying: Law Debenture Co. (LON:LWDB) Insider Acquires 343 Shares of Stock

Law Debenture logo with Financial Services background

Law Debenture Co. (LON:LWDB - Get Free Report) insider Pars Purewal purchased 343 shares of Law Debenture stock in a transaction on Tuesday, April 22nd. The stock was acquired at an average cost of GBX 870 ($11.60) per share, for a total transaction of £2,984.10 ($3,980.39).

Law Debenture Price Performance

Law Debenture stock traded down GBX 1.78 ($0.02) during mid-day trading on Friday, hitting GBX 886.22 ($11.82). 122,801 shares of the company were exchanged, compared to its average volume of 243,439. Law Debenture Co. has a 12-month low of GBX 737.17 ($9.83) and a 12-month high of GBX 929 ($12.39). The company has a market capitalization of £1.17 billion, a P/E ratio of 8.25 and a beta of 0.93. The business's 50 day simple moving average is GBX 880.90 and its two-hundred day simple moving average is GBX 887.51. 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 announced 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 net margin of 69.85% and a return on equity of 15.91%.

Law Debenture Increases Dividend

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

Law Debenture Company Profile

(Get Free Report)

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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