Polar Capital’s (POLR) “Buy” Rating Reiterated at Peel Hunt

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

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

Shares of LON POLR opened at GBX 580 ($7.58) on Thursday. The stock’s 50-day moving average is GBX 575.84. The firm has a market cap of $559.50 million and a P/E ratio of 10.82. Polar Capital has a 12-month low of GBX 447 ($5.84) and a 12-month high of GBX 718 ($9.38).

The business also recently declared a dividend, which will be paid on Friday, July 26th. Stockholders 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 boost from Polar Capital’s previous dividend of $8.00. This represents a dividend yield of 4.17%. Polar Capital’s dividend payout ratio is 0.62%.

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

About Polar Capital

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.

Further Reading: Price-Sales Ratio

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