Iain Evans Sells 65,070 Shares of Polar Capital (LON:POLR) Stock

Polar Capital Holdings plc (LON:POLR) insider Iain Evans sold 65,070 shares of Polar Capital stock in a transaction on Friday, July 17th. The stock was sold at an average price of GBX 882, for a total transaction of £573,917.40.

Polar Capital Price Performance

LON:POLR traded down GBX 7 during midday trading on Tuesday, hitting GBX 870. The company had a trading volume of 771,237 shares, compared to its average volume of 648,374. The company has a market capitalization of £819.42 million, a PE ratio of 14.70, a P/E/G ratio of 0.79 and a beta of 0.93. The company has a quick ratio of 2.45, a current ratio of 2.53 and a debt-to-equity ratio of 2.69. Polar Capital Holdings plc has a 52-week low of GBX 435 and a 52-week high of GBX 990. The stock’s fifty day moving average price is GBX 848.30 and its 200-day moving average price is GBX 706.22.

Polar Capital (LON:POLR) last released its quarterly earnings results on Wednesday, July 1st. The company reported GBX 59.20 earnings per share for the quarter. Polar Capital had a return on equity of 42.37% and a net margin of 21.43%. As a group, research analysts expect that Polar Capital Holdings plc will post 42.5061425 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research firms have issued reports on POLR. Deutsche Bank Aktiengesellschaft upped 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 report on Monday, June 1st. Royal Bank Of Canada boosted their price objective on shares of Polar Capital from GBX 670 to GBX 1,260 and gave the stock an “outperform” rating in a report on Monday, July 6th. Three equities research analysts have rated the stock with a Buy rating, According to MarketBeat, the company presently has an average rating of “Buy” and a consensus target price 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.