Polar Capital (LON:POLR) Reaches New 1-Year High at $599.00

Shares of Polar Capital Holdings plc (LON:POLR) hit a new 52-week high on Wednesday . The company traded as high as GBX 599 ($7.58) and last traded at GBX 592 ($7.49), with a volume of 227514 shares trading hands. The stock had previously closed at GBX 580 ($7.34).

Analyst Upgrades and Downgrades

A number of equities analysts have commented on POLR shares. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Polar Capital from GBX 500 ($6.32) to GBX 535 ($6.77) and gave the stock a “hold” rating in a report on Tuesday, June 4th. Numis Securities reiterated an “add” rating and set a GBX 515 ($6.51) price objective on shares of Polar Capital in a research note on Thursday, April 11th.

Polar Capital Trading Up 2.3 %

The company has a 50 day moving average of GBX 550.44 and a two-hundred day moving average of GBX 487.97. The company has a debt-to-equity ratio of 6.96, a quick ratio of 2.45 and a current ratio of 2.60. The stock has a market capitalization of £602.70 million, a PE ratio of 1,657.14, a P/E/G ratio of 0.79 and a beta of 1.17.

Polar Capital Increases Dividend

The firm also recently declared a dividend, which will be paid on Friday, August 2nd. Stockholders of record on Thursday, July 4th will be paid a dividend of GBX 32 ($0.40) per share. This is a positive change from Polar Capital’s previous dividend of $14.00. The ex-dividend date is Thursday, July 4th. This represents a dividend yield of 5.91%. Polar Capital’s payout ratio is presently 13,142.86%.

Insider Buying and Selling

In related news, insider Gavin Rochussen bought 18,359 shares of the company’s stock in a transaction on Tuesday, May 14th. The shares were bought at an average price of GBX 550 ($6.96) per share, with a total value of £100,974.50 ($127,718.82). 16.20% of the stock is owned by company insiders.

Polar Capital Company Profile