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

Polar Capital Global Financials (LON:PCFT) issued 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 return on equity of 22.02% and a net margin of 91.44%.

Polar Capital Global Financials Price Performance

Shares of LON PCFT opened at GBX 206 ($2.60) on Friday. 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 has a twelve month low of GBX 153.44 ($1.94) and a twelve month high of GBX 209 ($2.64). The stock has a 50 day moving average of GBX 198.73 and a two-hundred day moving average of GBX 187.41. The stock has a market cap of £628.10 million, a P/E ratio of 5.48 and a beta of 0.98.

Polar Capital Global Financials Cuts Dividend

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

Polar Capital Global Financials Company Profile

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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