GAIN Capital Holdings, Inc. (GCAP) Lowered to Sell at Zacks Investment Research

Zacks Investment Research cut shares of GAIN Capital Holdings, Inc. (NYSE:GCAP) from a hold rating to a sell rating in a research report released on Tuesday.

According to Zacks, “institutional foreign exchange, trading and related services providing direct access to the global OTC foreign exchange markets, where participants trade directly with one another. Its trading platforms provide information and analytical tools that allow customers to identify, analyze and execute their trading strategies. GAIN also offers retail customers located outside the United States access to other global markets on an OTC basis, including the spot gold and silver markets, as well as equity indices and commodities. Its forex trading activities are regulated in the US by the Commodity Futures Trading Commission and the National Futures Association, in the UK by the Financial Services Authority, in Japan by the Financial Services Agency, in Hong Kong by the Securities and Futures Commission and in Australia by the Australian Securities and Investments Commission. GAIN Capital Holdings, Inc is based in Bedminster, New Jersey. “

A number of other equities research analysts have also recently commented on GCAP. Jefferies Group LLC reissued a buy rating and issued a $8.50 price objective (down previously from $9.00) on shares of GAIN Capital Holdings in a research note on Friday, August 4th. TheStreet raised GAIN Capital Holdings from a c rating to a b- rating in a research note on Monday, August 7th. BidaskClub cut GAIN Capital Holdings from a buy rating to a hold rating in a research note on Tuesday, August 22nd. Finally, Keefe, Bruyette & Woods reissued a hold rating and issued a $7.00 price objective on shares of GAIN Capital Holdings in a research note on Friday, October 6th. 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 stock. GAIN Capital Holdings presently has an average rating of Hold and a consensus price target of $7.58.

GAIN Capital Holdings (NYSE GCAP) opened at 6.45 on Tuesday. The company has a 50 day moving average price of $6.40 and a 200 day moving average price of $6.57. The firm has a market capitalization of $304.70 million, a price-to-earnings ratio of 28.29 and a beta of 0.30. GAIN Capital Holdings has a 12 month low of $4.54 and a 12 month high of $8.75.

GAIN Capital Holdings (NYSE:GCAP) last announced its quarterly earnings data on Thursday, August 3rd. The financial services provider reported $0.25 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.25. GAIN Capital Holdings had a return on equity of 2.85% and a net margin of 3.21%. The firm had revenue of $98.10 million during the quarter, compared to analysts’ expectations of $98.70 million. During the same quarter last year, the firm posted $0.27 earnings per share. The company’s revenue for the quarter was down 9.2% compared to the same quarter last year. Analysts anticipate that GAIN Capital Holdings will post $0.19 earnings per share for the current fiscal year.

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The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 19th. Shareholders of record on Tuesday, September 12th were paid a $0.06 dividend. 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 dividend payout ratio (DPR) is presently 104.35%.

In related news, major shareholder Ltd Ipgl bought 36,675 shares of the business’s stock in a transaction that occurred on Monday, August 21st. The shares were bought at an average price of $6.25 per share, with a total value of $229,218.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Christopher Warren Calhoun sold 5,000 shares of GAIN Capital Holdings stock in a transaction that occurred on Monday, July 17th. The shares were sold at an average price of $6.39, for a total value of $31,950.00. Following the transaction, the director now directly owns 50,149 shares in the company, valued at approximately $320,452.11. The disclosure for this sale can be found here. In the last three months, insiders acquired 200,000 shares of company stock valued at $1,244,594 and sold 40,000 shares valued at $270,078. Company insiders own 5.60% of the company’s stock.

Large investors have recently made changes to their positions in the stock. Martingale Asset Management L P purchased a new position in shares of GAIN Capital Holdings during the first quarter valued at approximately $126,000. Principal Financial Group Inc. purchased a new position in shares of GAIN Capital Holdings during the second quarter valued at approximately $119,000. American International Group Inc. boosted its position in shares of GAIN Capital Holdings by 7.0% during the first quarter. American International Group Inc. now owns 22,956 shares of the financial services provider’s stock valued at $191,000 after buying an additional 1,511 shares during the last quarter. Los Angeles Capital Management & Equity Research Inc. boosted its position in shares of GAIN Capital Holdings by 18.5% during the first quarter. Los Angeles Capital Management & Equity Research Inc. now owns 24,592 shares of the financial services provider’s stock valued at $205,000 after buying an additional 3,832 shares during the last quarter. Finally, Alpine Woods Capital Investors LLC purchased a new position in shares of GAIN Capital Holdings during the second quarter valued at approximately $155,000. 53.45% 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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