Gain Capital (GCAP) Shares Gap Down to $7.04
Gain Capital Holdings Inc (NYSE:GCAP) shares gapped down prior to trading on Monday . The stock had previously closed at $6.90, but opened at $7.04. Gain Capital shares last traded at $7.28, with a volume of 400158 shares changing hands.
Separately, ValuEngine downgraded shares of Gain Capital from a “hold” rating to a “sell” rating in a report on Friday, February 2nd. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and one has assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $7.58.
The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 0.45. The firm has a market cap of $329.57 and a P/E ratio of -35.35.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 30th. Shareholders of record on Tuesday, March 27th will be paid a $0.06 dividend. This represents a $0.24 annualized dividend and a yield of 3.39%. The ex-dividend date of this dividend is Monday, March 26th. Gain Capital’s payout ratio is currently -120.00%.
In other news, General Counsel Diego Rotsztain sold 49,149 shares of Gain Capital stock in a transaction that occurred on Thursday, December 28th. The shares were sold at an average price of $9.00, for a total transaction of $442,341.00. Following the completion of the sale, the general counsel now owns 107,615 shares of the company’s stock, valued at $968,535. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Samantha Roady sold 36,000 shares of Gain Capital stock in a transaction that occurred on Tuesday, January 16th. The shares were sold at an average price of $8.37, for a total transaction of $301,320.00. Following the sale, the insider now directly owns 297,354 shares of the company’s stock, valued at approximately $2,488,852.98. The disclosure for this sale can be found here. In the last three months, insiders sold 139,010 shares of company stock valued at $1,220,918. 5.60% of the stock is owned by insiders.
Several institutional investors have recently bought and sold shares of GCAP. Northern Trust Corp raised its stake in shares of Gain Capital by 61.8% during the second 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 in the last quarter. Weber Alan W raised its stake in shares of Gain Capital by 66.3% during the fourth quarter. Weber Alan W now owns 656,773 shares of the financial services provider’s stock valued at $6,568,000 after acquiring an additional 261,773 shares in the last quarter. Municipal Employees Retirement System of Michigan bought a new stake in shares of Gain Capital during the fourth quarter valued at approximately $2,025,000. potrero capital research llc bought a new stake in shares of Gain Capital during the fourth quarter valued at approximately $1,953,000. Finally, JBF Capital Inc. bought a new stake in shares of Gain Capital during the fourth quarter valued at approximately $968,000. 56.42% of the stock is owned by hedge funds and other institutional investors.
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Gain Capital 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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