Gavin Rochussen Sells 63,111 Shares of Polar Capital Holdings plc (LON:POLR) Stock

Posted by Don Miller on Jul 17th, 2024

Polar Capital Holdings plc (LON:POLR – Get Free Report) insider Gavin Rochussen sold 63,111 shares of Polar Capital stock in a transaction on Friday, July 12th. The shares were sold at an average price of GBX 600 ($7.78), for a total value of £378,666 ($491,072.49).

Gavin Rochussen also recently made the following trade(s):

On Tuesday, May 14th, Gavin Rochussen purchased 18,359 shares of Polar Capital stock. The stock was purchased at an average price of GBX 550 ($7.13) per share, for a total transaction of £100,974.50 ($130,948.64).

Polar Capital Trading Down 0.5 %

Shares of Polar Capital stock opened at GBX 599 ($7.77) on Wednesday. The firm has a market capitalization of £608.28 million, a price-to-earnings ratio of 1,711.43, a PEG ratio of 0.79 and a beta of 1.17. The company has a current ratio of 2.60, a quick ratio of 2.45 and a debt-to-equity ratio of 6.96. Polar Capital Holdings plc has a 12-month low of GBX 385 ($4.99) and a 12-month high of GBX 615 ($7.98). The firm’s 50 day simple moving average is GBX 560.58 and its two-hundred day simple moving average is GBX 497.25.

Polar Capital Increases Dividend

The company also recently announced a dividend, which will be paid on Friday, August 2nd. Investors of record on Thursday, July 4th will be given a GBX 32 ($0.41) dividend. The ex-dividend date of this dividend is Thursday, July 4th. This represents a yield of 5.91%. This is a positive change from Polar Capital’s previous dividend of $14.00. Polar Capital’s dividend payout ratio is currently 13,142.86%.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on POLR shares. Numis Securities restated an “add” rating and issued a GBX 515 ($6.68) target price on shares of Polar Capital in a research note on Thursday, April 11th. Deutsche Bank Aktiengesellschaft raised their price objective on Polar Capital from GBX 500 ($6.48) to GBX 535 ($6.94) and gave the stock a “hold” rating in a research report on Tuesday, June 4th.

Get Our Latest Stock Analysis on Polar Capital