Polar Capital Global Financials (LON:PCFT) Hits New 12-Month High - Still a Buy?

Polar Capital Global Financials (LON:PCFT - Get Free Report)'s share price hit a new 52-week high on Wednesday . The company traded as high as GBX 208 ($2.59) and last traded at GBX 203.47 ($2.53), with a volume of 175477 shares changing hands. The stock had previously closed at GBX 203.50 ($2.53).

Polar Capital Global Financials Stock Up 0.5 %

The firm's 50-day moving average is GBX 194.96 and its two-hundred day moving average is GBX 183.43. 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 stock has a market cap of £621.15 million, a P/E ratio of 552.70 and a beta of 0.98.

Polar Capital Global Financials Cuts Dividend

The company also recently disclosed a dividend, which will be paid on Friday, February 28th. Shareholders of record on Thursday, February 6th will be issued a dividend of GBX 2.20 ($0.03) per share. The ex-dividend date is Thursday, February 6th. This represents a yield of 1.09%. Polar Capital Global Financials's dividend payout ratio is currently 1,351.35%.

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.