Gain Capital Holdings Inc (NYSE:GCAP) major shareholder Ltd Ipgl acquired 69,647 shares of the stock in a transaction that occurred on Friday, March 9th. The shares were bought at an average price of $6.98 per share, for a total transaction of $486,136.06. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. Large shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.
Gain Capital Holdings Inc (GCAP) opened at $7.07 on Wednesday. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.24 and a quick ratio of 1.24. Gain Capital Holdings Inc has a 52-week low of $5.56 and a 52-week high of $13.26. The firm has a market cap of $328.17 and a P/E ratio of -35.35.
Gain Capital (NYSE:GCAP) last released its quarterly earnings results on Thursday, March 8th. The financial services provider reported ($0.10) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.14 by ($0.24). Gain Capital had a negative return on equity of 3.24% and a negative net margin of 3.66%. The business had revenue of $69.70 million during the quarter, compared to the consensus estimate of $72.89 million. During the same quarter in the previous year, the business posted $0.42 earnings per share. The firm’s revenue was down 39.8% on a year-over-year basis. sell-side analysts predict that Gain Capital Holdings Inc will post 0.75 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, March 30th. Shareholders of record on Tuesday, March 27th will be given a $0.06 dividend. The ex-dividend date is Monday, March 26th. This represents a $0.24 annualized dividend and a yield of 3.39%. Gain Capital’s payout ratio is presently -120.00%.
Separately, ValuEngine downgraded shares of Gain Capital from a “hold” rating to a “sell” rating in a research report on Friday, February 2nd. Two analysts have 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 has an average rating of “Hold” and a consensus target price of $7.58.
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Luzich Partners LLC raised its position in Gain Capital by 6.3% in the third quarter. Luzich Partners LLC now owns 1,505,309 shares of the financial services provider’s stock worth $9,619,000 after acquiring an additional 89,431 shares during the period. California Public Employees Retirement System raised its position in Gain Capital by 11.4% in the third quarter. California Public Employees Retirement System now owns 166,773 shares of the financial services provider’s stock worth $1,066,000 after acquiring an additional 17,073 shares during the period. Northern Trust Corp raised its position in Gain Capital by 61.8% in the second quarter. Northern Trust Corp now owns 1,003,141 shares of the financial services provider’s stock worth $6,249,000 after acquiring an additional 383,185 shares during the period. Investors Research Corp bought a new position in Gain Capital in the fourth quarter worth approximately $141,000. Finally, Wells Fargo & Company MN raised its position in Gain Capital by 56.3% in the third quarter. Wells Fargo & Company MN now owns 38,823 shares of the financial services provider’s stock worth $248,000 after acquiring an additional 13,981 shares during the period. Institutional investors and hedge funds own 56.42% of the company’s stock.
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About Gain Capital
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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