Sandler O’Neill restated their hold rating on shares of GAIN Capital (NYSE:GCAP) in a report released on Friday. The firm currently has a $7.50 target price on the financial services provider’s stock.
Separately, ValuEngine upgraded GAIN Capital from a hold rating to a buy rating in a research note on Monday, April 2nd. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the stock. GAIN Capital has an average rating of Hold and a consensus price target of $7.56.
NYSE:GCAP opened at $6.97 on Friday. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 0.46. The firm has a market capitalization of $314.19, a PE ratio of -34.85, a P/E/G ratio of 1.24 and a beta of 0.05. GAIN Capital has a one year low of $5.56 and a one year high of $13.26.
GAIN Capital (NYSE:GCAP) last posted its quarterly earnings data on Thursday, March 8th. The financial services provider reported ($0.10) EPS for the quarter, missing the consensus estimate of $0.14 by ($0.24). The company had revenue of $69.70 million during the quarter, compared to analysts’ expectations of $72.89 million. GAIN Capital had a negative return on equity of 3.23% and a negative net margin of 3.66%. The company’s revenue for the quarter was down 39.8% on a year-over-year basis. During the same quarter last year, the company earned $0.42 earnings per share. sell-side analysts expect that GAIN Capital will post 0.75 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Friday, March 30th. Shareholders of record on Tuesday, March 27th were paid a $0.06 dividend. The ex-dividend date of this dividend was Monday, March 26th. This represents a $0.24 dividend on an annualized basis and a yield of 3.44%. GAIN Capital’s payout ratio is presently -120.00%.
In other GAIN Capital news, major shareholder Ltd Ipgl purchased 30,353 shares of the business’s stock in a transaction on Monday, March 26th. The stock was acquired at an average price of $6.73 per share, for a total transaction of $204,275.69. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, General Counsel Diego Rotsztain sold 3,648 shares of the stock in a transaction on Friday, March 16th. The stock was sold at an average price of $7.19, for a total value of $26,229.12. Following the completion of the sale, the general counsel now owns 101,847 shares of the company’s stock, valued at approximately $732,279.93. The disclosure for this sale can be found here. Insiders sold a total of 83,713 shares of company stock valued at $647,835 in the last quarter. 5.00% of the stock is currently owned by company insiders.
Hedge funds have recently modified their holdings of the business. The Manufacturers Life Insurance Company boosted its holdings in shares of GAIN Capital by 4.1% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 31,792 shares of the financial services provider’s stock valued at $198,000 after purchasing an additional 1,238 shares during the last quarter. Spark Investment Management LLC boosted its holdings in shares of GAIN Capital by 33.3% during the 4th quarter. Spark Investment Management LLC now owns 33,200 shares of the financial services provider’s stock valued at $332,000 after purchasing an additional 8,300 shares during the last quarter. Wells Fargo & Company MN boosted its holdings in shares of GAIN Capital by 25.4% during the 4th quarter. Wells Fargo & Company MN now owns 48,686 shares of the financial services provider’s stock valued at $487,000 after purchasing an additional 9,863 shares during the last quarter. Mariner Investment Group LLC bought a new position in shares of GAIN Capital during the 4th quarter valued at about $100,000. Finally, Bank of New York Mellon Corp boosted its holdings in shares of GAIN Capital by 4.1% during the 3rd quarter. Bank of New York Mellon Corp now owns 288,107 shares of the financial services provider’s stock valued at $1,841,000 after purchasing an additional 11,302 shares during the last quarter. Institutional investors and hedge funds own 56.52% of the company’s stock.
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GAIN Capital Company Profile
GAIN Capital Holdings, Inc, together with its subsidiary, provides trading services and solutions to retail, institutional, and futures service customers worldwide. The company operates in three segments: Retail, Institutional, and Futures. It specializes in over-the-counter (OTC) and exchange-traded markets.
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