Somewhat Favorable News Coverage Somewhat Unlikely to Impact GAIN Capital Holdings (GCAP) Share Price
Media coverage about GAIN Capital Holdings (NYSE:GCAP) has trended somewhat positive this week, Accern Sentiment reports. The research firm scores the sentiment of news coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. GAIN Capital Holdings earned a media sentiment score of 0.10 on Accern’s scale. Accern also assigned media stories about the financial services provider an impact score of 46.3563989105492 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
These are some of the news articles that may have impacted Accern’s scoring:
- GAIN Capital Holdings, Inc. (GCAP) Rating Reiterated by Keefe, Bruyette & Woods (americanbankingnews.com)
- BRIEF-GAIN CAPITAL ANNOUNCES MONTHLY METRICS FOR SEPTEMBER 2017 (reuters.com)
- GAIN Capital Announces Monthly Metrics for September 2017 (finance.yahoo.com)
- BRIEF-Gain Capital announces appointment of Joseph Schenk as chairman (reuters.com)
- GAIN Capital Announces Appointment of Joseph Schenk as Chairman of the Board and Addition of New Director (finance.yahoo.com)
Several research firms have recently commented on GCAP. Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $7.00 target price on shares of GAIN Capital Holdings in a research report on Friday. BidaskClub cut shares of GAIN Capital Holdings from a “buy” rating to a “hold” rating in a research report on Tuesday, August 22nd. TheStreet raised shares of GAIN Capital Holdings from a “c” rating to a “b-” rating in a research report on Monday, August 7th. Jefferies Group LLC reaffirmed a “buy” rating and issued a $8.50 target price (down from $9.00) on shares of GAIN Capital Holdings in a research report on Friday, August 4th. Finally, Zacks Investment Research cut shares of GAIN Capital Holdings from a “buy” rating to a “sell” rating in a research report on Tuesday, July 18th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and one has issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $7.58.
GAIN Capital Holdings (NYSE GCAP) traded down 3.03% during midday trading on Friday, hitting $6.39. 143,375 shares of the stock traded hands. The company has a market cap of $301.87 million, a price-to-earnings ratio of 28.03 and a beta of 0.30. The firm’s 50-day moving average is $6.39 and its 200-day moving average is $6.62. GAIN Capital Holdings has a 52-week low of $4.54 and a 52-week high of $8.75.
GAIN Capital Holdings (NYSE:GCAP) last posted its quarterly earnings results on Thursday, August 3rd. The financial services provider reported $0.25 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.25. The firm had revenue of $98.10 million for the quarter, compared to analysts’ expectations of $98.70 million. GAIN Capital Holdings had a net margin of 3.21% and a return on equity of 2.85%. The business’s revenue for the quarter was down 9.2% on a year-over-year basis. During the same period in the prior year, the business posted $0.27 earnings per share. Analysts predict that GAIN Capital Holdings will post $0.19 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 19th. Shareholders of record on Tuesday, September 12th were issued a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a yield of 3.76%. The ex-dividend date was Monday, September 11th. GAIN Capital Holdings’s payout ratio is 104.35%.
In other GAIN Capital Holdings news, major shareholder Ltd Ipgl bought 71,306 shares of the company’s stock in a transaction on Thursday, September 7th. The shares were bought at an average cost of $6.20 per share, for a total transaction of $442,097.20. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Christopher Warren Calhoun sold 5,000 shares of the stock in a transaction dated Thursday, July 13th. The stock was sold at an average price of $6.58, for a total transaction of $32,900.00. Following the transaction, the director now owns 55,149 shares in the company, valued at $362,880.42. The disclosure for this sale can be found here. Over the last quarter, insiders have acquired 200,000 shares of company stock worth $1,244,594 and have sold 40,000 shares worth $270,078. 5.00% of the stock is owned by corporate insiders.
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About GAIN Capital Holdings
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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