Litigation Capital Management (LON:LIT) Trading Down 1.3% – Time to Sell?

Litigation Capital Management Limited (LON:LIT) shares were down 1.3% on Tuesday . The company traded as low as GBX 110.50 ($1.43) and last traded at GBX 110.50 ($1.43). Approximately 189,891 shares were traded during trading, an increase of 38% from the average daily volume of 137,334 shares. The stock had previously closed at GBX 112 ($1.45).

Litigation Capital Management Stock Performance

The firm has a market capitalization of £115.37 million, a price-to-earnings ratio of 1,875.00 and a beta of 0.31. The stock’s fifty day moving average is GBX 103.70 and its two-hundred day moving average is GBX 107.87. The company has a quick ratio of 3.01, a current ratio of 17.54 and a debt-to-equity ratio of 32.77.

Litigation Capital Management Cuts Dividend

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

Insider Buying and Selling

In related news, insider Patrick Moloney sold 75,991 shares of the business’s stock in a transaction on Monday, October 28th. The shares were sold at an average price of GBX 112 ($1.45), for a total transaction of £85,109.92 ($110,374.69). 19.51% of the stock is owned by corporate 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.