Polar Capital Expands Share Capital with New Issuance

Polar Capital Holdings ( (GB:POLR) ) has issued an update.

Polar Capital Holdings has issued 7,969 new ordinary shares as part of its block listing facility, following the partial crystallisation of the Global Convertible Bond Fund. This issuance increases the company’s total ordinary shares to 101,568,374, reflecting its structured approach to fund management and incentivization of fund managers through preference shares that convert upon crystallisation events.

The most recent analyst rating on (GB:POLR) stock is a Buy with a £600.00 price target. To see the full list of analyst forecasts on Polar Capital Holdings stock, see the GB:POLR Stock Forecast page.

Spark’s Take on GB:POLR Stock

According to Spark, TipRanks’ AI Analyst, GB:POLR is a Neutral.

Polar Capital Holdings maintains a solid financial foundation with strong profitability and a robust balance sheet. However, recent declines in revenue and cash flow growth, coupled with weak technical indicators, suggest potential challenges ahead. The stock’s undervaluation and high dividend yield provide some compensation for these risks, making it a mixed prospect for investors.

To see Spark’s full report on GB:POLR stock, click here.

More about Polar Capital Holdings

Polar Capital Holdings is a fund management company that structures its operations into separate business units, each acting as a distinct profit center. Fund managers receive a share of their unit’s core operating profit and performance fees, and have the opportunity to invest in the company through preference shares that can convert into ordinary shares or cash upon certain events.

Average Trading Volume: 283,129

Technical Sentiment Signal: Sell

Current Market Cap: £405.3M

For detailed information about POLR stock, go to TipRanks’ Stock Analysis page.