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

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

Polar Capital Global Financials Stock Performance

Shares of PCFT stock opened at GBX 206 ($2.60) on Friday. The business’s fifty day moving average price is GBX 198.73 and its 200 day moving average price is GBX 187.41. Polar Capital Global Financials has a 1-year low of GBX 153.44 ($1.94) and a 1-year high of GBX 209 ($2.64). The firm has a market capitalization of £628.10 million, a PE ratio of 5.48 and a beta of 0.98. The company has a debt-to-equity ratio of 12.23, a current ratio of 17.44 and a quick ratio of 0.68.

Polar Capital Global Financials Cuts Dividend

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