Law Debenture (LON:LWDB) Shares Cross Above Fifty Day Moving Average of $808.59

Shares of The Law Debenture Co. p.l.c. (LON:LWDB – Get Rating) passed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of GBX 808.59 ($10.06) and traded as high as GBX 821.48 ($10.22). Law Debenture shares last traded at GBX 817 ($10.16), with a volume of 92,289 shares traded.

Law Debenture Stock Down 1.2 %

The company has a quick ratio of 3.21, a current ratio of 2.53 and a debt-to-equity ratio of 21.34. The company has a fifty day moving average price of GBX 808.59 and a 200-day moving average price of GBX 803.85. The stock has a market capitalization of £1.05 billion, a P/E ratio of -1,184.06 and a beta of 0.94.

Law Debenture Increases Dividend

The company also recently announced a dividend, which was paid on Thursday, April 13th. Stockholders of record on Thursday, March 9th were issued a GBX 8.75 ($0.11) dividend. This represents a dividend yield of 1.04%. This is a boost from Law Debenture’s previous dividend of $7.25. The ex-dividend date of this dividend was Thursday, March 9th. Law Debenture’s payout ratio is -4,347.83%.

Insider Transactions at Law Debenture

In other news, insider Denis Jackson sold 8,495 shares of Law Debenture stock in a transaction dated Monday, March 13th. The stock was sold at an average price of GBX 822 ($10.22), for a total value of £69,828.90 ($86,851.87). Insiders own 9.38% of the company’s stock.

Law Debenture Company Profile

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The Law Debenture Corporation p.l.c., an investment trust, provides independent professional services to companies, agencies, organizations, and individuals worldwide. The company operates through two segments, Investment portfolio and Independent Professional Services. It provides corporate secretarial services; corporate trust services, including bond/security trustee, escrow agent, facility agent, and bespoke trust solutions; pension trustee services comprising independent trustees, trustee chair, and sole corporate trustee; independent outsourced pensions executive services, including pensions management, scheme secretarial, and specialist support services to pension scheme trustees and corporates; and whistleblowing services.