Polar Capital (LON:POLR) Insider Iain Evans Sells 65,070 Shares of 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 Stock Down 0.8%

Shares of LON:POLR opened at GBX 870 on Wednesday. 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 market capitalization of £819.42 million, a PE ratio of 14.70, a price-to-earnings-growth ratio of 0.79 and a beta of 0.93. The firm’s 50-day moving average is GBX 850.82 and its two-hundred day moving average is GBX 708.60. Polar Capital Holdings plc has a 1 year low of GBX 435 and a 1 year high of GBX 990.

Polar Capital (LON:POLR) last issued 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 net margin of 21.43% and a return on equity of 42.37%. Analysts predict that Polar Capital Holdings plc will post 42.5061425 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on POLR shares. Deutsche Bank Aktiengesellschaft raised their price target on shares of Polar Capital from GBX 1,050 to GBX 1,250 and gave the company a “buy” rating in a research report on Monday, June 1st. Royal Bank Of Canada upped their price objective on Polar Capital from GBX 670 to GBX 1,260 and gave the stock an “outperform” rating in a research report on Monday, July 6th. Three investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of GBX 1,045.

About Polar Capital

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.