Liontrust Asset Management PLC (LON:LIO) has faced significant declines, with a 74% drop in share price over the past three years and a 51% decrease in the last year alone. While the company’s earnings per share (EPS) fell by 34% annually, the total shareholder return (TSR) was -65%, indicating that dividends somewhat mitigated losses. Despite recent insider buying, the company shows two warning signs, suggesting potential challenges ahead for investors.