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

Polar Capital Global Financials (LON:PCFT) announced its quarterly earnings data on Thursday. The company reported GBX 5.31 ($0.07) EPS 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 Price Performance

PCFT opened at GBX 205 ($2.60) on Friday. The company has a debt-to-equity ratio of 12.23, a quick ratio of 0.68 and a current ratio of 17.44. The stock has a market capitalization of £625.05 million, a P/E ratio of 5.46 and a beta of 0.98. The company’s 50-day simple moving average is GBX 198.49 and its two-hundred day simple moving average is GBX 187.11. Polar Capital Global Financials has a 52-week low of GBX 153.44 ($1.94) and a 52-week high of GBX 209 ($2.65).

Polar Capital Global Financials Cuts Dividend

The company also recently disclosed a dividend, which will be paid on Friday, May 9th. Investors of record on Thursday, February 6th will be given a dividend of GBX 2.20 ($0.03) per share. This represents a yield of 1.09%. The ex-dividend date of this dividend is Thursday, February 6th. Polar Capital Global Financials’s dividend payout ratio (DPR) is 13.31%.

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.

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