Polar Capital Holdings plc (LON:POLR) insider Gavin Rochussen sold 145,000 shares of Polar Capital stock in a transaction on Wednesday, July 18th. The shares were sold at an average price of GBX 681 ($9.01), for a total value of 拢987,450 ($1,307,015.22).
Shares of Polar Capital opened at GBX 680 ($9.00) on Friday, Marketbeat.com reports. Polar Capital Holdings plc has a 12-month low of GBX 329 ($4.35) and a 12-month high of GBX 564 ($7.47).
Get Polar Capital alerts:The firm also recently announced a dividend, which will be paid on Friday, July 27th. Investors of record on Thursday, July 5th will be paid a dividend of GBX 22 ($0.29) per share. This represents a yield of 3.37%. This is an increase from Polar Capital’s previous dividend of $6.00. The ex-dividend date is Thursday, July 5th.
A number of research analysts have recently issued reports on POLR shares. Peel Hunt reiterated a “buy” rating and issued a GBX 560 ($7.41) price target on shares of Polar Capital in a report on Thursday, April 12th. Shore Capital cut their price target on Polar Capital from GBX 550 ($7.28) to GBX 500 ($6.62) and set a “buy” rating on the stock in a report on Thursday, April 12th. Numis Securities cut their price target on Polar Capital from GBX 600 ($7.94) to GBX 585 ($7.74) and set an “add” rating on the stock in a report on Thursday, April 12th. Finally, Canaccord Genuity reiterated a “buy” rating and issued a GBX 590 ($7.81) price target on shares of Polar Capital in a report on Tuesday, June 12th. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of GBX 615.17 ($8.14).
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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