Susquehanna International Group LLP Boosts Position in GAIN Capital Holdings, Inc. (GCAP)
Susquehanna International Group LLP boosted its holdings in GAIN Capital Holdings, Inc. (NYSE:GCAP) by 28.7% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 41,782 shares of the financial services provider’s stock after purchasing an additional 9,309 shares during the quarter. Susquehanna International Group LLP owned about 0.09% of GAIN Capital Holdings worth $261,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Dimensional Fund Advisors LP grew its position in GAIN Capital Holdings by 0.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,169,088 shares of the financial services provider’s stock valued at $13,513,000 after purchasing an additional 7,814 shares during the period. Luzich Partners LLC grew its position in GAIN Capital Holdings by 14.8% in the 2nd quarter. Luzich Partners LLC now owns 1,415,878 shares of the financial services provider’s stock valued at $8,821,000 after purchasing an additional 182,030 shares during the period. Vanguard Group Inc. grew its position in GAIN Capital Holdings by 1.3% in the 2nd quarter. Vanguard Group Inc. now owns 1,290,814 shares of the financial services provider’s stock valued at $8,041,000 after purchasing an additional 16,952 shares during the period. Northern Trust Corp grew its position in GAIN Capital Holdings by 61.8% in 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 purchasing an additional 383,185 shares during the period. Finally, Ameriprise Financial Inc. grew its position in GAIN Capital Holdings by 7.6% in the 2nd quarter. Ameriprise Financial Inc. now owns 886,638 shares of the financial services provider’s stock valued at $5,523,000 after purchasing an additional 62,400 shares during the period. 53.45% of the stock is owned by institutional investors and hedge funds.
Several research firms recently issued reports on GCAP. Zacks Investment Research downgraded shares of GAIN Capital Holdings from a “hold” rating to a “sell” rating in a research report on Tuesday, October 10th. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $7.00 price target on shares of GAIN Capital Holdings in a research report on Friday, October 6th. BidaskClub downgraded shares of GAIN Capital Holdings from a “buy” rating to a “hold” rating in a research report on Tuesday, August 22nd. TheStreet upgraded GAIN Capital Holdings from a “c” rating to a “b-” rating in a research note on Monday, August 7th. Finally, Jefferies Group LLC restated a “buy” rating and set a $8.50 price objective (down from $9.00) on shares of GAIN Capital Holdings in a research note on Friday, August 4th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and one has assigned a buy rating to the company’s stock. GAIN Capital Holdings has an average rating of “Hold” and a consensus price target of $7.58.
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Shares of GAIN Capital Holdings, Inc. (GCAP) remained flat at $6.32 during trading on Tuesday. 1,107 shares of the company’s stock were exchanged. The stock’s 50 day moving average price is $6.41 and its 200 day moving average price is $6.53. GAIN Capital Holdings, Inc. has a 1-year low of $4.54 and a 1-year high of $8.75. The firm has a market capitalization of $298.56 million, a price-to-earnings ratio of 27.72 and a beta of 0.30.
GAIN Capital Holdings (NYSE:GCAP) last issued its quarterly earnings results on Thursday, August 3rd. The financial services provider reported $0.25 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.25. The company had revenue of $98.10 million for the quarter, compared to analysts’ expectations of $98.70 million. GAIN Capital Holdings had a return on equity of 2.85% and a net margin of 3.21%. The firm’s revenue for the quarter was down 9.2% on a year-over-year basis. During the same period in the prior year, the firm earned $0.27 earnings per share. On average, equities analysts forecast that GAIN Capital Holdings, Inc. will post $0.07 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Tuesday, September 19th. Stockholders of record on Tuesday, September 12th were paid a $0.06 dividend. The ex-dividend date of this dividend was Monday, September 11th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 3.80%. GAIN Capital Holdings’s dividend payout ratio is currently 104.35%.
In other news, Director Christopher Warren Calhoun sold 5,000 shares of the stock in a transaction on Monday, August 14th. The stock was sold at an average price of $6.87, for a total value of $34,350.00. Following the sale, the director now directly owns 25,149 shares of the company’s stock, valued at $172,773.63. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, major shareholder Ltd Ipgl bought 71,306 shares of the business’s stock in a transaction dated Thursday, September 7th. The stock was bought at an average cost of $6.20 per share, for a total transaction of $442,097.20. The disclosure for this purchase can be found here. Over the last three months, insiders bought 200,000 shares of company stock worth $1,244,594 and sold 26,403 shares worth $181,848. Corporate insiders own 5.60% of the company’s stock.
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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