GAIN Capital Holdings, Inc. (NYSE:GCAP) declared a quarterly dividend on Thursday, October 26th, Zacks reports. Investors of record on Monday, December 11th will be given a dividend of 0.06 per share by the financial services provider on Thursday, December 21st. This represents a $0.24 annualized dividend and a yield of 3.34%. The ex-dividend date of this dividend is Friday, December 8th.
GAIN Capital Holdings has raised its dividend payment by an average of 1.6% annually over the last three years. GAIN Capital Holdings has a dividend payout ratio of 240.0% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities research analysts expect GAIN Capital Holdings to earn $0.70 per share next year, which means the company should continue to be able to cover its $0.24 annual dividend with an expected future payout ratio of 34.3%.
GAIN Capital Holdings (NYSE GCAP) traded down $0.03 during trading on Friday, reaching $7.19. The company had a trading volume of 277,600 shares, compared to its average volume of 281,656. GAIN Capital Holdings has a fifty-two week low of $5.56 and a fifty-two week high of $8.75. The company has a current ratio of 1.24, a quick ratio of 1.23 and a debt-to-equity ratio of 0.45. The stock has a market capitalization of $325.46, a P/E ratio of 21.24, a price-to-earnings-growth ratio of 9.17 and a beta of 0.28.
GAIN Capital Holdings (NYSE:GCAP) last posted its earnings results on Thursday, October 26th. The financial services provider reported $0.05 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.01) by $0.06. The firm had revenue of $81.30 million for the quarter, compared to the consensus estimate of $79.86 million. GAIN Capital Holdings had a return on equity of 5.62% and a net margin of 3.72%. The business’s quarterly revenue was up 12.6% on a year-over-year basis. During the same quarter in the prior year, the business posted ($0.11) earnings per share. equities analysts anticipate that GAIN Capital Holdings will post 0.1 earnings per share for the current year.
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Several equities research analysts have issued reports on the company. BidaskClub upgraded GAIN Capital Holdings from a “sell” rating to a “hold” rating in a research report on Thursday, November 2nd. TheStreet downgraded GAIN Capital Holdings from a “b-” rating to a “c” rating in a research report on Thursday, October 26th. Jefferies Group LLC restated a “buy” rating and set a $8.50 target price (down previously from $9.00) on shares of GAIN Capital Holdings in a research report on Friday, August 4th. Keefe, Bruyette & Woods restated a “hold” rating and set a $7.00 target price on shares of GAIN Capital Holdings in a research report on Friday, October 6th. Finally, Zacks Investment Research downgraded GAIN Capital Holdings from a “buy” rating to a “sell” rating in a research report on Tuesday, July 18th. One research analyst has rated the stock with a sell rating, two have given a hold rating and one has given a buy rating to the stock. GAIN Capital Holdings currently has a consensus rating of “Hold” and a consensus price target of $7.58.
In other news, major shareholder Ltd Ipgl bought 92,019 shares of GAIN Capital Holdings stock in a transaction that occurred on Tuesday, September 5th. The shares were acquired at an average price of $6.23 per share, with a total value of $573,278.37. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Christopher Warren Calhoun sold 5,000 shares of the stock in a transaction on Monday, August 14th. The shares were sold at an average price of $6.87, for a total value of $34,350.00. Following the completion of the transaction, the director now directly owns 25,149 shares in the company, valued at approximately $172,773.63. The disclosure for this sale can be found here. Insiders purchased 200,000 shares of company stock worth $1,244,594 in the last quarter. 5.00% of the stock is currently owned by company insiders.
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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