GAIN Capital Holdings, Inc. (GCAP) Major Shareholder Ltd Ipgl Buys 71,306 Shares
GAIN Capital Holdings, Inc. (NYSE:GCAP) major shareholder Ltd Ipgl bought 71,306 shares of the firm’s stock in a transaction dated Thursday, September 7th. The shares were purchased at an average price of $6.20 per share, with a total value of $442,097.20. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Large shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.
Ltd Ipgl also recently made the following trade(s):
- On Tuesday, September 5th, Ltd Ipgl bought 92,019 shares of GAIN Capital Holdings stock. The shares were purchased at an average price of $6.23 per share, with a total value of $573,278.37.
- On Monday, August 21st, Ltd Ipgl bought 36,675 shares of GAIN Capital Holdings stock. The shares were purchased at an average price of $6.25 per share, with a total value of $229,218.75.
Shares of GAIN Capital Holdings, Inc. (NYSE GCAP) opened at 6.26 on Tuesday. GAIN Capital Holdings, Inc. has a one year low of $4.54 and a one year high of $8.75. The stock has a market cap of $295.73 million, a PE ratio of 27.46 and a beta of 0.33. The stock’s 50 day moving average price is $6.59 and its 200-day moving average price is $6.83.
GAIN Capital Holdings (NYSE:GCAP) last issued its earnings results on Thursday, August 3rd. The financial services provider reported $0.25 earnings per share for the quarter, hitting the consensus estimate of $0.25. GAIN Capital Holdings had a return on equity of 2.85% and a net margin of 3.21%. The company had revenue of $98.10 million for the quarter, compared to analyst estimates of $98.70 million. During the same period in the prior year, the firm posted $0.27 EPS. The business’s revenue was down 9.2% compared to the same quarter last year. On average, equities analysts predict that GAIN Capital Holdings, Inc. will post $0.19 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 19th. Stockholders of record on Tuesday, September 12th will be issued a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a dividend yield of 3.83%. The ex-dividend date of this dividend is Monday, September 11th. GAIN Capital Holdings’s dividend payout ratio is 104.35%.
GAIN Capital Holdings declared that its Board of Directors has approved a share buyback plan on Wednesday, May 17th that authorizes the company to buyback $35.00 million in outstanding shares. This buyback authorization authorizes the financial services provider to buy up to 12.7% of its shares through open market purchases. Shares buyback plans are often an indication that the company’s board believes its stock is undervalued.
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A number of analysts have recently issued reports on the company. BidaskClub cut GAIN Capital Holdings from a “buy” rating to a “hold” rating in a report on Tuesday, August 22nd. TheStreet upgraded GAIN Capital Holdings from a “c” rating to a “b-” rating in a report on Monday, August 7th. Jefferies Group LLC reiterated a “buy” rating and set a $8.50 target price (down previously from $9.00) on shares of GAIN Capital Holdings in a report on Friday, August 4th. Zacks Investment Research cut GAIN Capital Holdings from a “buy” rating to a “sell” rating in a report on Tuesday, July 18th. Finally, Keefe, Bruyette & Woods reiterated a “hold” rating and set a $7.00 target price on shares of GAIN Capital Holdings in a report on Monday, May 15th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and one has given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $7.58.
Several hedge funds and other institutional investors have recently modified their holdings of GCAP. Kestrel Investment Management Corp acquired a new position in shares of GAIN Capital Holdings during the 1st quarter valued at about $4,933,000. Northern Trust Corp increased its holdings in shares of GAIN Capital Holdings by 61.8% during the 2nd quarter. Northern Trust Corp now owns 1,003,141 shares of the financial services provider’s stock valued at $6,249,000 after acquiring an additional 383,185 shares during the last quarter. Signia Capital Management LLC increased its holdings in shares of GAIN Capital Holdings by 68.2% during the 1st quarter. Signia Capital Management LLC now owns 873,092 shares of the financial services provider’s stock valued at $7,272,000 after acquiring an additional 354,056 shares during the last quarter. Thrivent Financial For Lutherans acquired a new position in shares of GAIN Capital Holdings during the 2nd quarter valued at about $1,978,000. Finally, LSV Asset Management increased its holdings in shares of GAIN Capital Holdings by 103.7% during the 1st quarter. LSV Asset Management now owns 433,209 shares of the financial services provider’s stock valued at $3,608,000 after acquiring an additional 220,509 shares during the last quarter. 53.55% of the stock is currently owned by institutional investors and hedge funds.
GAIN Capital Holdings Company Profile
GAIN Capital Holdings, Inc (GAIN) is a provider of trading services and solutions, specializing in over-the-counter (OTC) and exchange-traded markets. The Company’s segments include Retail segment, Institutional segment and Futures segment. Through its retail segment, the Company provides its retail customers across the world with access to a range of global financial markets, including spot forex, precious metals, spread bets and contracts for difference (CFDs) on commodities, indices, individual equities and interest rate products, as well OTC options on forex.
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