Polar Capital Global Financials (LON:PCFT) Sets New 1-Year High – Still a Buy?

Polar Capital Global Financials (LON:PCFT) shares reached a new 52-week high during trading on Wednesday . The company traded as high as GBX 208.55 ($2.64) and last traded at GBX 208.55 ($2.64), with a volume of 314158 shares changing hands. The stock had previously closed at GBX 207 ($2.62).

Polar Capital Global Financials Price Performance

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 business has a 50 day simple moving average of GBX 198.49 and a 200 day simple moving average of GBX 187.11. The company has a market capitalization of £628.10 million, a price-to-earnings ratio of 5.48 and a beta of 0.98.

Polar Capital Global Financials (LON:PCFT) last released its quarterly earnings results on Thursday, February 20th. The company reported GBX 5.31 ($0.07) EPS for the quarter. Polar Capital Global Financials had a return on equity of 22.02% and a net margin of 91.44%.

Polar Capital Global Financials Cuts Dividend

The company 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 yield of 1.09%. The ex-dividend date is Thursday, February 6th. Polar Capital Global Financials’s dividend payout ratio (DPR) is 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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