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

Polar Capital Global Financials (LON:PCFT) announced its quarterly earnings results on Thursday. The company reported GBX 5.31 ($0.07) earnings per share (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

PCFT stock traded down GBX 2.08 ($0.03) during midday trading on Thursday, hitting GBX 205.92 ($2.59). The company’s stock had a trading volume of 500,573 shares, compared to its average volume of 932,512. 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 company has a quick ratio of 0.68, a current ratio of 17.44 and a debt-to-equity ratio of 12.23. The firm has a market capitalization of £627.86 million, a price-to-earnings ratio of 5.48 and a beta of 0.98. The company has a 50 day moving average of GBX 198.26 and a two-hundred day moving average of GBX 186.98.

Polar Capital Global Financials Cuts Dividend

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