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 the firm’s stock in a transaction dated Friday, July 17th. The shares were sold at an average price of GBX 882, for a total value of £573,917.40.

Polar Capital Price Performance

Shares of POLR stock traded down GBX 7 during trading hours on Tuesday, hitting GBX 870. The stock had a trading volume of 771,237 shares, compared to its average volume of 648,374. The company has a debt-to-equity ratio of 2.69, a current ratio of 2.53 and a quick ratio of 2.45. The stock has a market capitalization of £819.42 million, a price-to-earnings ratio of 14.70, a PEG ratio of 0.79 and a beta of 0.93. Polar Capital Holdings plc has a one year low of GBX 435 and a one year high of GBX 990. The stock’s 50-day moving average price is GBX 848.30 and its two-hundred day moving average price is GBX 706.22.

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

Analyst Ratings Changes

POLR has been the subject of a number of recent research reports. Deutsche Bank Aktiengesellschaft raised their target price on shares of Polar Capital from GBX 1,050 to GBX 1,250 and gave the company a “buy” rating in a report on Monday, June 1st. Royal Bank Of Canada increased their price objective on shares of Polar Capital from GBX 670 to GBX 1,260 and gave the company an “outperform” rating in a research report on Monday, July 6th. Three research analysts have rated the stock with a Buy rating, According to data from MarketBeat, Polar Capital has an average rating of “Buy” and a consensus price target of GBX 1,045.

Polar Capital Company Profile

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.