Polar Capital Global Financials Trust (LON:PCFT) Share Price Crosses Below 50 Day Moving Average of $145.94

Polar Capital Global Financials Trust plc (LON:PCFTGet Rating)’s share price passed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of GBX 145.94 ($1.76) and traded as low as GBX 144.99 ($1.75). Polar Capital Global Financials Trust shares last traded at GBX 145.60 ($1.76), with a volume of 801,365 shares.

Polar Capital Global Financials Trust Stock Down 0.2 %

The company has a current ratio of 0.68, a quick ratio of 0.68 and a debt-to-equity ratio of 9.54. The firm has a market capitalization of £479.06 million and a PE ratio of 502.07. The firm has a 50-day moving average of GBX 145.94 and a two-hundred day moving average of GBX 150.51.

Polar Capital Global Financials Trust Increases Dividend

The company also recently announced a dividend, which was paid on Wednesday, August 31st. Investors of record on Thursday, August 4th were given a GBX 2.40 ($0.03) dividend. This is a positive change from Polar Capital Global Financials Trust’s previous dividend of $2.00. This represents a dividend yield of 1.76%. The ex-dividend date was Thursday, August 4th. Polar Capital Global Financials Trust’s dividend payout ratio (DPR) is 15.17%.

Insider Buying and Selling

In other news, insider Robert Kyprianou bought 5,804 shares of the business’s stock in a transaction that occurred on Monday, July 4th. The shares were acquired at an average cost of GBX 138 ($1.67) per share, with a total value of ¬£8,009.52 ($9,678.01).

Polar Capital Global Financials Trust Company Profile

(Get Rating)

Polar Capital Global Financials Trust plc is a closed-ended equity mutual fund launched and managed by Polar Capital LLP. It invests in the public equity markets across the globe. The fund seeks to invest in stocks of companies operating in the financials sector. It invests in stocks of companies across all market capitalizations.

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