Litigation Capital Management (LON:LIT) Stock Price Down 2.8% – Time to Sell?

Litigation Capital Management Limited (LON:LIT)’s share price fell 2.8% during mid-day trading on Wednesday . The company traded as low as GBX 104 ($1.31) and last traded at GBX 105.50 ($1.33). 371,465 shares were traded during trading, an increase of 144% from the average session volume of 152,442 shares. The stock had previously closed at GBX 108.50 ($1.37).

Litigation Capital Management Stock Down 2.9 %

The firm’s 50 day moving average price is GBX 112.39 and its two-hundred day moving average price is GBX 107.73. The company has a market cap of £104.34 million, a P/E ratio of 1,683.33 and a beta of 0.31. The company has a debt-to-equity ratio of 32.77, a quick ratio of 3.01 and a current ratio of 17.54.

Litigation Capital Management Cuts Dividend

The business also recently disclosed a dividend, which was paid on Friday, October 25th. Shareholders of record on Thursday, October 3rd were issued a dividend of GBX 1.25 ($0.02) per share. This represents a yield of 1.26%. The ex-dividend date of this dividend was Thursday, October 3rd. Litigation Capital Management’s dividend payout ratio is currently 1,666.67%.

Insider Activity at Litigation Capital Management

In other news, insider Patrick Moloney sold 75,991 shares of the firm’s stock in a transaction on Monday, October 28th. The stock was sold at an average price of GBX 112 ($1.41), for a total transaction of £85,109.92 ($107,421.33). 19.51% of the stock is owned by insiders.

About Litigation Capital Management

Litigation Capital Management Limited provides dispute finance and risk management services in Australia and the United Kingdom. The company operates in two business models, including direct investments made from LCM's permanent balance sheet capital; and fund and/or asset management. Its products and services include dispute finance for companies, international arbitration, and law firms; disbursement funding; enforcement funding/purchase of award; and adverse cost and security for costs.