Polar Capital Holdings plc (POLR) Insider Sells £1,212,500 in Stock

Polar Capital Holdings plc (LON:POLR) insider Brian J. D. Ashford-Russell sold 250,000 shares of the company’s stock in a transaction on Thursday, January 10th. The shares were sold at an average price of GBX 485 ($6.34), for a total transaction of £1,212,500 ($1,584,346.01).

LON POLR opened at GBX 476 ($6.22) on Friday. Polar Capital Holdings plc has a 1 year low of GBX 329 ($4.30) and a 1 year high of GBX 564 ($7.37).

The business also recently disclosed a dividend, which was paid on Friday, January 11th. Shareholders of record on Thursday, December 20th were paid a GBX 8 ($0.10) dividend. The ex-dividend date was Thursday, December 20th. This represents a yield of 1.63%.

POLR has been the subject of several research analyst reports. Numis Securities restated an “add” rating and issued a GBX 530 ($6.93) price objective on shares of Polar Capital in a research note on Thursday, January 3rd. Peel Hunt restated a “buy” rating on shares of Polar Capital in a research note on Monday, November 26th. Finally, Shore Capital upped their price objective on shares of Polar Capital from GBX 675 ($8.82) to GBX 750 ($9.80) and gave the company a “buy” rating in a research note on Monday, November 26th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of GBX 596 ($7.79).

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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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