Insider Selling: Polar Capital (LON:POLR) Insider Sells £521,738.28 in Stock

Polar Capital Holdings plc (LON:POLR) insider Samir Ayub sold 59,154 shares of the company’s stock in a transaction that occurred on Friday, July 17th. The shares were sold at an average price of GBX 882, for a total value of £521,738.28.

Polar Capital Trading Down 0.8%

LON POLR traded down GBX 7 on Tuesday, reaching GBX 870. 771,237 shares of the company were exchanged, compared to its average volume of 648,374. Polar Capital Holdings plc has a fifty-two week low of GBX 435 and a fifty-two week high of GBX 990. The stock has a market capitalization of £819.42 million, a P/E ratio of 14.70, a price-to-earnings-growth ratio of 0.79 and a beta of 0.93. The business’s fifty day moving average price is GBX 848.30 and its 200 day moving average price is GBX 706.22. The company has a current ratio of 2.53, a quick ratio of 2.45 and a debt-to-equity ratio of 2.69.

Polar Capital (LON:POLR) last announced its quarterly earnings data on Wednesday, July 1st. The company reported GBX 59.20 earnings per share (EPS) for the quarter. Polar Capital had a net margin of 21.43% and a return on equity of 42.37%. Analysts forecast that Polar Capital Holdings plc will post 42.5061425 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on POLR shares. Royal Bank Of Canada upped their price target on Polar Capital from GBX 670 to GBX 1,260 and gave the company an “outperform” rating in a research note on Monday, July 6th. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Polar Capital from GBX 1,050 to GBX 1,250 and gave the company a “buy” rating in a research note on Monday, June 1st. Three analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock has an average rating of “Buy” and an average price target of GBX 1,045.

About Polar Capital

Polar Capital Holdings plc is a publicly owned specialist, investment-led, active fund 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 2001 and is based in London, United Kingdom.