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

Polar Capital Global Financials (LON:PCFT) issued its quarterly earnings results on Friday. The company reported GBX 5.60 earnings per share 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 Stock Performance

Shares of LON PCFT traded down GBX 0.54 during mid-day trading on Friday, hitting GBX 231.46. The company had a trading volume of 170,975 shares, compared to its average volume of 195,574. Polar Capital Global Financials has a 12 month low of GBX 169.94 and a 12 month high of GBX 240.50. The firm has a market cap of £376.60 million, a P/E ratio of 7.08 and a beta of 0.98. The business’s 50-day simple moving average is GBX 232.77 and its 200-day simple moving average is GBX 219.45. The company has a debt-to-equity ratio of 12.23, a current ratio of 17.44 and a quick ratio of 0.68.

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.

PCFT aims to select the best investment opportunities from the world of financials. The investment team scours the globe and actively invests in developed regions such as the US as well as emerging economies and Asia.