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

Polar Capital Global Financials (LON:PCFT) released its quarterly earnings data on Thursday. The company reported GBX 5.31 ($0.07) EPS 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

Shares of PCFT stock traded down GBX 2.08 ($0.03) during trading hours on Thursday, hitting GBX 205.92 ($2.59). 500,573 shares of the company’s stock were exchanged, compared to its average volume of 932,512. The company has a market capitalization of £627.86 million, a PE ratio of 5.48 and a beta of 0.98. Polar Capital Global Financials has a 12-month low of GBX 153.30 ($1.93) and a 12-month high of GBX 209 ($2.63). The business’s 50 day simple moving average is GBX 198.26 and its 200-day simple moving average is GBX 186.98. The company has a current ratio of 17.44, a quick ratio of 0.68 and a debt-to-equity ratio of 12.23.

Polar Capital Global Financials Cuts Dividend

The firm also recently declared a dividend, which will be paid on Friday, May 9th. Shareholders 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 of this dividend 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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