Insider Selling: Polar Capital (LON:POLR) Insider Sells £573,917.40 in Stock

Polar Capital Holdings plc (LON:POLR – Get Free Report) insider Iain Evans sold 65,070 shares of the business’s stock in a transaction that occurred on Friday, July 17th. The stock was sold at an average price of GBX 882, for a total transaction of £573,917.40.

Polar Capital Stock Down 1.0%

POLR stock opened at GBX 863 on Friday. The firm has a market cap of £812.82 million, a PE ratio of 14.58, a P/E/G ratio of 0.79 and a beta of 0.93. Polar Capital Holdings plc has a 12 month low of GBX 435 and a 12 month high of GBX 990. 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 firm has a 50 day simple moving average of GBX 854.64 and a 200 day simple moving average of GBX 713.32.

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

Analyst Upgrades and Downgrades

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

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About Polar Capital

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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.

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