Dynamic Technology Lab Private Ltd bought a new stake in shares of Gain Capital Holdings Inc (NYSE:GCAP) during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund bought 48,076 shares of the financial services provider’s stock, valued at approximately $308,000. Dynamic Technology Lab Private Ltd owned approximately 0.10% of Gain Capital at the end of the most recent reporting period.
A number of other institutional investors have also made changes to their positions in the business. Los Angeles Capital Management & Equity Research Inc. acquired a new position in shares of Gain Capital in the 3rd quarter worth $104,000. Principal Financial Group Inc. acquired a new position in shares of Gain Capital in the 2nd quarter worth $119,000. Martingale Asset Management L P grew its holdings in shares of Gain Capital by 52.2% in the 2nd quarter. Martingale Asset Management L P now owns 23,020 shares of the financial services provider’s stock worth $144,000 after acquiring an additional 7,900 shares during the last quarter. Alpine Woods Capital Investors LLC purchased a new position in shares of Gain Capital during the second quarter valued at $155,000. Finally, Alliancebernstein L.P. grew its holdings in shares of Gain Capital by 1.2% during the first quarter. Alliancebernstein L.P. now owns 25,100 shares of the financial services provider’s stock valued at $209,000 after buying an additional 300 shares in the last quarter. 56.25% of the stock is currently owned by hedge funds and other institutional investors.
A number of analysts have weighed in on GCAP shares. BidaskClub raised Gain Capital from a “sell” rating to a “hold” rating in a research report on Thursday, November 2nd. TheStreet cut Gain Capital from a “b-” rating to a “c” rating in a research report on Thursday, October 26th. Zacks Investment Research cut Gain Capital from a “hold” rating to a “sell” rating in a research report on Tuesday, October 10th. Finally, Keefe, Bruyette & Woods reissued a “hold” rating and set a $7.00 price objective on shares of Gain Capital in a research report on Friday, October 6th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and one has issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $7.58.
Gain Capital Holdings Inc (NYSE GCAP) traded up $0.16 during midday trading on Wednesday, reaching $7.44. The company had a trading volume of 351,700 shares, compared to its average volume of 301,208. The company has a market cap of $335.38, a price-to-earnings ratio of 21.41, a PEG ratio of 9.24 and a beta of 0.27. Gain Capital Holdings Inc has a 1-year low of $5.56 and a 1-year high of $8.95. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.24 and a current ratio of 1.24.
Gain Capital (NYSE:GCAP) last posted its quarterly earnings data 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 had a return on equity of 5.62% and a net margin of 3.72%. The business’s revenue for the quarter was up 12.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.11) EPS. research analysts anticipate that Gain Capital Holdings Inc will post 0.1 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, December 21st. Stockholders 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 dividend yield of 3.23%. The ex-dividend date is Friday, December 8th. Gain Capital’s dividend payout ratio (DPR) is currently 80.00%.
In related news, Director Christopher Warren Calhoun sold 5,000 shares of the company’s stock in a transaction on Friday, October 27th. The shares were sold at an average price of $7.00, for a total value of $35,000.00. Following the completion of the sale, the director now owns 23,278 shares in the company, valued at approximately $162,946. The transaction was disclosed in a filing with the SEC, which is available through this link. 5.60% of the stock is owned by corporate insiders.
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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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