Polar Capital’s (POLR) Buy Rating Reiterated at Shore Capital

Shore Capital reaffirmed their buy rating on shares of Polar Capital (LON:POLR) in a report published on Thursday morning, ThisIsMoney.Co.Uk reports.

A number of other equities analysts have also recently commented on the company. Peel Hunt lifted their price target on Blancco Technology Group from GBX 154 ($2.01) to GBX 173 ($2.26) and gave the stock a buy rating in a research note on Thursday. Numis Securities reaffirmed an add rating and issued a GBX 1,050 ($13.72) price target on shares of in a research note on Wednesday, June 5th.

Shares of Polar Capital stock opened at GBX 580 ($7.58) on Thursday. The stock has a 50 day moving average of GBX 575.84. The stock has a market cap of $559.50 million and a PE ratio of 10.82. Polar Capital has a one year low of GBX 447 ($5.84) and a one year high of GBX 718 ($9.38).

The firm also recently disclosed a dividend, which will be paid on Friday, July 26th. Stockholders of record on Thursday, July 4th will be given a GBX 25 ($0.33) dividend. This is a positive change from Polar Capital’s previous dividend of $8.00. This represents a dividend yield of 4.17%. The ex-dividend date is Thursday, July 4th. Polar Capital’s dividend payout ratio (DPR) is currently 0.62%.

In other Polar Capital news, insider Quintin Price acquired 10,000 shares of the business’s stock in a transaction dated Thursday, May 9th. The shares were purchased at an average cost of GBX 600 ($7.84) per share, for a total transaction of £60,000 ($78,400.63).

About Polar Capital

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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