Polar Capital Global Financials (LON:PCFT) Releases Earnings Results

Polar Capital Global Financials (LON:PCFT) issued its earnings results on Friday. The company reported GBX 5.60 EPS for the quarter, Digital Look Earnings reports. Polar Capital Global Financials had a return on equity of 22.02% and a net margin of 91.44%.

Polar Capital Global Financials Price Performance

Shares of LON:PCFT traded down GBX 0.54 during midday trading on Friday, reaching GBX 231.46. 170,975 shares of the company’s stock were exchanged, compared to its average volume of 195,574. 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 company’s 50 day simple moving average is GBX 232.77 and its two-hundred day simple moving average is GBX 219.45. Polar Capital Global Financials has a 12 month low of GBX 169.94 and a 12 month high of GBX 240.50. The firm has a market capitalization of £376.60 million, a PE ratio of 7.08 and a beta of 0.98.

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.

PCFT aims to select the best investment opportunities from the world of financials. The investment team scours the globe and actively invests in developed regions such as the US as well as emerging economies and Asia.