Polar Capital (LON:POLR) Reaches New 12-Month 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 changing hands. The stock had previously closed at GBX 580 ($7.34).

Wall Street Analyst Weigh In

POLR has been the subject of several recent research reports. Numis Securities reissued an “add” rating and issued a GBX 515 ($6.51) price objective on shares of Polar Capital in a research report on Thursday, April 11th. Deutsche Bank Aktiengesellschaft increased their price target on Polar Capital from GBX 500 ($6.32) to GBX 535 ($6.77) and gave the company a “hold” rating in a report on Tuesday, June 4th.

Polar Capital Trading Up 2.3 %

The firm has a market capitalization of £602.70 million, a price-to-earnings ratio of 1,657.14, a PEG ratio of 0.79 and a beta of 1.17. The business’s 50-day moving average price is GBX 550.44 and its 200 day moving average price is GBX 487.97. The company has a debt-to-equity ratio of 6.96, a current ratio of 2.60 and a quick ratio of 2.45.

Polar Capital Increases Dividend

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

Insider Buying and Selling at Polar Capital

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

About Polar Capital