Polar Capital Global Financials (LON:PCFT) Reaches New 52-Week High – Time to 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 ($2.59) and last traded at GBX 203.47 ($2.53), with a volume of 175477 shares changing hands. The stock had previously closed at GBX 203.50 ($2.53).

Polar Capital Global Financials Trading Up 0.6 %

The business has a fifty day moving average price of GBX 194.67 and a 200 day moving average price of GBX 183.28. The firm has a market cap of £621.80 million, a PE ratio of 553.28 and a beta of 0.98. 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 business also recently disclosed a dividend, which will be paid on Friday, February 28th. Shareholders of record on Thursday, February 6th will be issued a dividend of GBX 2.20 ($0.03) per share. The ex-dividend date of this dividend is Thursday, February 6th. This represents a yield of 1.09%. Polar Capital Global Financials’s payout ratio is currently 1,351.35%.

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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