GAIN Capital (NYSE:GCAP) CEO Glenn Henry Stevens sold 21,473 shares of the business’s stock in a transaction on Monday, May 7th. The stock was sold at an average price of $8.22, for a total value of $176,508.06. Following the sale, the chief executive officer now directly owns 1,591,034 shares in the company, valued at $13,078,299.48. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Glenn Henry Stevens also recently made the following trade(s):
- On Tuesday, March 6th, Glenn Henry Stevens sold 5,350 shares of GAIN Capital stock. The stock was sold at an average price of $7.41, for a total value of $39,643.50.
- On Friday, March 16th, Glenn Henry Stevens sold 24,893 shares of GAIN Capital stock. The stock was sold at an average price of $7.24, for a total value of $180,225.32.
GAIN Capital opened at $8.12 on Friday, Marketbeat reports. The firm has a market cap of $364.30 million, a P/E ratio of -40.60, a price-to-earnings-growth ratio of 1.43 and a beta of 0.01. GAIN Capital has a 1-year low of $8.09 and a 1-year high of $8.19. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 0.46.
GAIN Capital (NYSE:GCAP) last posted its quarterly earnings results on Thursday, April 26th. The financial services provider reported $0.36 earnings per share for the quarter, missing the consensus estimate of $0.37 by ($0.01). The business had revenue of $106.90 million for the quarter, compared to analyst estimates of $106.88 million. GAIN Capital had a net margin of 6.66% and a return on equity of 8.88%. The firm’s quarterly revenue was up 79.4% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.39) earnings per share. equities research analysts predict that GAIN Capital will post 0.76 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 19th. Investors of record on Tuesday, June 12th will be given a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a yield of 2.96%. The ex-dividend date of this dividend is Monday, June 11th. GAIN Capital’s payout ratio is -120.00%.
A number of brokerages have recently issued reports on GCAP. ValuEngine lowered GAIN Capital from a “hold” rating to a “sell” rating in a research report on Saturday, March 10th. Sandler O’Neill reaffirmed a “hold” rating and set a $7.50 target price on shares of GAIN Capital in a research report on Friday, April 6th. Zacks Investment Research raised GAIN Capital from a “hold” rating to a “buy” rating and set a $9.25 target price on the stock in a research report on Friday, April 27th. Finally, TheStreet raised GAIN Capital from a “c” rating to a “b-” rating in a research report on Thursday, April 26th. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $8.06.
A number of large investors have recently bought and sold shares of GCAP. Hsbc Holdings PLC acquired a new position in GAIN Capital during the first quarter valued at $1,935,000. Matarin Capital Management LLC acquired a new position in GAIN Capital during the first quarter valued at $1,893,000. Weber Alan W raised its position in GAIN Capital by 66.3% during the fourth quarter. Weber Alan W now owns 656,773 shares of the financial services provider’s stock valued at $6,568,000 after buying an additional 261,773 shares during the period. Municipal Employees Retirement System of Michigan acquired a new position in GAIN Capital during the fourth quarter valued at $2,025,000. Finally, potrero capital research llc acquired a new position in GAIN Capital during the fourth quarter valued at $1,953,000. 55.27% of the stock is currently owned by hedge funds and other institutional investors.
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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