Polar Capital Holdings plc (LON:POLR) insider Brian J. D. Ashford-Russell sold 250,000 shares of the firm’s stock in a transaction on Thursday, January 10th. The stock was sold at an average price of GBX 485 ($6.34), for a total value of £1,212,500 ($1,584,346.01).

Shares of LON POLR traded up GBX 3 ($0.04) during mid-day trading on Friday, reaching GBX 475 ($6.21). 15,979 shares of the company’s stock were exchanged, compared to its average volume of 36,972. Polar Capital Holdings plc has a 52-week low of GBX 329 ($4.30) and a 52-week high of GBX 564 ($7.37).

The firm also recently declared a dividend, which will be paid on Friday, January 11th. Stockholders of record on Thursday, December 20th will be issued a dividend of GBX 8 ($0.10) per share. This represents a dividend yield of 1.63%. The ex-dividend date of this dividend is Thursday, December 20th.

A number of brokerages have issued reports on POLR. Peel Hunt reaffirmed a “buy” rating on shares of Polar Capital in a research note on Friday, January 4th. Shore Capital raised Polar Capital to a “buy” rating in a research note on Thursday, October 11th. Finally, Numis Securities reaffirmed an “add” rating on shares of Polar Capital in a research note on Thursday, October 4th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. The stock has an average rating of “Buy” and an average target price of GBX 596 ($7.79).

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Polar Capital Company Profile

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.

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