Somewhat Positive Media Coverage Somewhat Unlikely to Affect GAIN Capital Holdings (GCAP) Share Price
Headlines about GAIN Capital Holdings (NYSE:GCAP) have trended somewhat positive on Thursday, according to Accern. Accern identifies positive and negative press coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. GAIN Capital Holdings earned a news impact score of 0.12 on Accern’s scale. Accern also gave news articles about the financial services provider an impact score of 45.9688534768323 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
GCAP has been the topic of a number of recent analyst reports. Zacks Investment Research upgraded GAIN Capital Holdings from a “strong sell” rating to a “hold” rating and set a $7.25 target price on the stock in a research report on Monday, July 10th. TheStreet upgraded GAIN Capital Holdings from a “c” rating to a “b-” rating in a report on Monday, August 7th. Jefferies Group LLC restated a “buy” rating and issued a $8.50 price objective (down previously from $9.00) on shares of GAIN Capital Holdings in a report on Friday, August 4th. Keefe, Bruyette & Woods restated a “hold” rating and issued a $7.00 price objective on shares of GAIN Capital Holdings in a report on Friday, October 6th. Finally, BidaskClub lowered GAIN Capital Holdings from a “buy” rating to a “hold” rating in a report on Tuesday, August 22nd. One analyst has rated the stock with a sell rating, two have given a hold rating and one has issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $7.58.
Shares of GAIN Capital Holdings (NYSE:GCAP) traded down 1.53% on Thursday, reaching $6.45. The company’s stock had a trading volume of 69,608 shares. The stock has a market capitalization of $304.70 million, a P/E ratio of 28.29 and a beta of 0.30. GAIN Capital Holdings has a 1-year low of $4.54 and a 1-year high of $8.75. The company has a 50 day moving average of $6.41 and a 200 day moving average of $6.57.
GAIN Capital Holdings (NYSE:GCAP) last posted its 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 company had revenue of $98.10 million for the quarter, compared to the consensus estimate of $98.70 million. GAIN Capital Holdings had a return on equity of 2.85% and a net margin of 3.21%. GAIN Capital Holdings’s quarterly revenue was down 9.2% compared to the same quarter last year. During the same period in the previous year, the business earned $0.27 earnings per share. Equities research analysts expect that GAIN Capital Holdings will post $0.19 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Tuesday, September 19th. Shareholders of record on Tuesday, September 12th were given a dividend of $0.06 per share. The ex-dividend date was Monday, September 11th. This represents a $0.24 dividend on an annualized basis and a yield of 3.72%. GAIN Capital Holdings’s payout ratio is 104.35%.
In other news, major shareholder Ltd Ipgl bought 71,306 shares of the firm’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 purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Christopher Warren Calhoun sold 15,000 shares of the business’s stock in a transaction on Monday, August 7th. The stock was sold at an average price of $7.00, for a total value of $105,000.00. Following the sale, the director now owns 40,149 shares in the company, valued at $281,043. 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 35,000 shares worth $237,178. 5.00% of the stock is currently owned by insiders.
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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