Pollen Street Group (LON:POLN) Shares Down 0.6% - Here's What Happened

Pollen Street Group Limited (LON:POLN - Get Free Report)'s stock price was down 0.6% during mid-day trading on Tuesday . The stock traded as low as GBX 672 ($8.93) and last traded at GBX 688 ($9.15). Approximately 25,785 shares were traded during mid-day trading, a decline of 78% from the average daily volume of 115,959 shares. The stock had previously closed at GBX 692 ($9.20).

Pollen Street Group Stock Down 2.3 %

The firm has a market cap of £417.85 million, a price-to-earnings ratio of 9.41 and a beta of 0.22. The business has a 50 day moving average of GBX 724.73 and a 200 day moving average of GBX 730.91.

Pollen Street Group (LON:POLN - Get Free Report) last released its quarterly earnings results on Tuesday, March 25th. The company reported GBX 78.80 ($1.05) earnings per share (EPS) for the quarter. Pollen Street Group had a net margin of 70.52% and a return on equity of 7.94%. Research analysts predict that Pollen Street Group Limited will post 70.0302725 earnings per share for the current year.

Pollen Street Group Increases Dividend

The firm also recently declared a dividend, which was paid on Tuesday, April 15th. Shareholders of record on Thursday, April 10th were issued a GBX 60.50 ($0.80) dividend. The ex-dividend date of this dividend was Thursday, April 10th. This is an increase from Pollen Street Group's previous dividend of $26.50. This represents a yield of 1.09%. Pollen Street Group's payout ratio is 77.75%.

About Pollen Street Group

Pollen Street was founded in 2013. It is a listed alternative asset manager dedicated to the financial and business services sectors. Pollen Street has complementary activities in managing third-party assets (as an asset manager) and on-balance sheet investments (as an investment company), delivering growth through dedicated private equity and credit strategies.