GAIN Capital Holdings, Inc. (GCAP) Lifted to “Hold” at BidaskClub
BidaskClub upgraded shares of GAIN Capital Holdings, Inc. (NYSE:GCAP) from a sell rating to a hold rating in a research note released on Thursday morning.
GCAP has been the topic of several other research reports. TheStreet lowered GAIN Capital Holdings from a b- rating to a c rating in a research note on Thursday, October 26th. Zacks Investment Research lowered GAIN Capital Holdings from a buy rating to a sell rating in a research note on Tuesday, July 18th. Keefe, Bruyette & Woods reaffirmed a hold rating and issued a $7.00 target price on shares of GAIN Capital Holdings in a research note on Friday, October 6th. Finally, Jefferies Group LLC reaffirmed a buy rating and issued a $8.50 target price (down previously 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 given a hold rating and one has assigned a buy rating to the company’s stock. GAIN Capital Holdings currently has a consensus rating of Hold and an average price target of $7.58.
Shares of GAIN Capital Holdings (GCAP) traded down $0.36 during trading hours on Thursday, hitting $6.97. The stock had a trading volume of 315,527 shares, compared to its average volume of 402,244. The firm has a market cap of $329.28, a PE ratio of 20.50, a price-to-earnings-growth ratio of 8.85 and a beta of 0.28. The company has a current ratio of 1.23, a quick ratio of 1.23 and a debt-to-equity ratio of 0.44.
GAIN Capital Holdings (NYSE:GCAP) last announced its quarterly earnings results on Thursday, October 26th. The financial services provider reported $0.05 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.01) by $0.06. The business had revenue of $81.30 million for the quarter, compared to analyst estimates of $79.86 million. GAIN Capital Holdings had a return on equity of 5.63% and a net margin of 3.72%. The company’s quarterly revenue was up 12.6% on a year-over-year basis. During the same quarter in the previous year, the company earned ($0.11) EPS. equities research analysts anticipate that GAIN Capital Holdings will post 0.1 earnings per share for the current fiscal year.
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The business also recently announced a quarterly dividend, which will be paid on Thursday, December 21st. Investors of record on Monday, December 11th will be paid a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a yield of 3.44%. The ex-dividend date of this dividend is Friday, December 8th. GAIN Capital Holdings’s payout ratio is currently 80.00%.
In other GAIN Capital Holdings news, Director Christopher Warren Calhoun sold 5,000 shares of the stock in a transaction on Friday, October 27th. The stock was sold at an average price of $7.00, for a total transaction of $35,000.00. Following the transaction, the director now owns 23,278 shares of the company’s stock, valued at approximately $162,946. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, major shareholder Ltd Ipgl purchased 71,306 shares of GAIN Capital Holdings stock in a transaction on Thursday, September 7th. The shares were acquired 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. In the last ninety days, insiders purchased 200,000 shares of company stock worth $1,244,594 and sold 25,000 shares worth $174,350. 5.00% of the stock is currently owned by corporate insiders.
Institutional investors have recently modified their holdings of the business. Principal Financial Group Inc. purchased a new position in shares of GAIN Capital Holdings during the 2nd quarter worth $119,000. American International Group Inc. lifted its stake in shares of GAIN Capital Holdings by 7.0% during the 1st quarter. American International Group Inc. now owns 22,956 shares of the financial services provider’s stock worth $191,000 after purchasing an additional 1,511 shares during the period. Martingale Asset Management L P increased its holdings in shares of GAIN Capital Holdings by 52.2% during the 2nd quarter. Martingale Asset Management L P now owns 23,020 shares of the financial services provider’s stock worth $144,000 after buying an additional 7,900 shares during the last quarter. Alpine Woods Capital Investors LLC acquired a new stake in shares of GAIN Capital Holdings during the 2nd quarter worth $155,000. Finally, Alliancebernstein L.P. increased its holdings in shares of GAIN Capital Holdings by 1.2% during the 1st quarter. Alliancebernstein L.P. now owns 25,100 shares of the financial services provider’s stock worth $209,000 after buying an additional 300 shares during the last quarter. 53.26% of the stock is currently owned by institutional investors.
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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