Polar Capital (LON:POLR) Receives “Buy” Rating from Peel Hunt

Peel Hunt reiterated their buy rating on shares of Polar Capital (LON:POLR) in a report released on Thursday, ThisIsMoney.Co.Uk reports.

POLR has been the topic of several other reports. Shore Capital reaffirmed a house stock rating on shares of in a research note on Monday, June 24th. Numis Securities reaffirmed an add rating and issued a GBX 1,050 ($13.72) price objective on shares of in a research note on Wednesday, June 5th.

LON:POLR opened at GBX 580 ($7.58) on Thursday. The company has a 50-day simple moving average of GBX 575.84. The firm has a market capitalization of $559.50 million and a price-to-earnings ratio of 10.82. Polar Capital has a twelve month low of GBX 447 ($5.84) and a twelve month high of GBX 718 ($9.38).

The firm also recently disclosed a dividend, which will be paid on Friday, July 26th. Investors of record on Thursday, July 4th will be paid a GBX 25 ($0.33) dividend. The ex-dividend date is Thursday, July 4th. This is a positive change from Polar Capital’s previous dividend of $8.00. This represents a yield of 4.17%. Polar Capital’s dividend payout ratio (DPR) is 0.62%.

In other news, insider Quintin Price purchased 10,000 shares of the business’s stock in a transaction dated Thursday, May 9th. The shares were purchased at an average cost of GBX 600 ($7.84) per share, with a total value of £60,000 ($78,400.63).

Polar Capital Company Profile

Polar Capital Holdings plc is a publicly owned investment manager. The firm provides its services to professional and institutional investors. It launches and manages equity and balanced mutual funds. The firm also launches and manages hedge funds for its clients. Polar Capital Holdings plc was founded in December 2000 and is based in London, United Kingdom with an additional office in Tokyo, Japan.

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