Polar Capital Global Financials (LON:PCFT) Releases Quarterly Earnings Results

Polar Capital Global Financials (LON:PCFT) released its quarterly earnings data on Thursday. The company reported GBX 5.31 ($0.07) earnings per share for the quarter, Digital Look Earnings reports. Polar Capital Global Financials had a net margin of 91.44% and a return on equity of 22.02%.

Polar Capital Global Financials Price Performance

PCFT stock traded down GBX 2.11 ($0.03) during midday trading on Thursday, reaching GBX 205.89 ($2.59). 500,304 shares of the stock were exchanged, compared to its average volume of 931,194. The stock has a market capitalization of £627.78 million, a PE ratio of 5.48 and a beta of 0.98. Polar Capital Global Financials has a 52 week low of GBX 153.30 ($1.93) and a 52 week high of GBX 209 ($2.63). The company has a debt-to-equity ratio of 12.23, a current ratio of 17.44 and a quick ratio of 0.68. The company has a fifty day moving average price of GBX 198.26 and a 200 day moving average price of GBX 186.98.

Polar Capital Global Financials Cuts Dividend

The business also recently disclosed a dividend, which will be paid on Friday, May 9th. Shareholders of record on Thursday, February 6th will be issued a GBX 2.20 ($0.03) dividend. The ex-dividend date is Thursday, February 6th. This represents a yield of 1.09%. Polar Capital Global Financials’s dividend payout ratio is presently 13.31%.

About Polar Capital Global Financials

Polar Capital Global Financials Trust plc is a UK investment trust launched in July 2013, co-managed by Polar Capital’s John Yakas, Nick Brind and George Barrow. The Trust was initially launched with a fixed term life but in April 2020 moved to 5-yearly tender offers with no fixed end of life. The first of the regular tender offers will be on or before 30 June 2025.

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