Gain Capital Holdings Inc (NYSE:GCAP) announced a quarterly dividend on Thursday, July 25th, Zacks reports. Stockholders of record on Monday, September 23rd will be paid a dividend of 0.06 per share by the financial services provider on Friday, September 27th. This represents a $0.24 annualized dividend and a dividend yield of 4.07%. The ex-dividend date is Friday, September 20th.
Gain Capital has increased its dividend by an average of 6.3% per year over the last three years. Gain Capital has a payout ratio of 37.5% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Gain Capital to earn $0.72 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 33.3%.
Shares of Gain Capital stock traded up $0.38 during trading on Wednesday, hitting $5.89. 5,016 shares of the company’s stock traded hands, compared to its average volume of 218,630. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.30 and a quick ratio of 1.30. The firm’s fifty day moving average price is $4.60 and its 200 day moving average price is $5.00. Gain Capital has a twelve month low of $3.75 and a twelve month high of $7.89. The company has a market cap of $212.03 million, a PE ratio of 8.74 and a beta of 0.65.
Gain Capital (NYSE:GCAP) last issued its earnings results on Thursday, July 25th. The financial services provider reported $0.10 earnings per share for the quarter, beating the consensus estimate of ($0.06) by $0.16. Gain Capital had a negative net margin of 6.15% and a negative return on equity of 5.36%. The business had revenue of $75.50 million for the quarter, compared to analyst estimates of $73.33 million. During the same period in the previous year, the business earned $0.10 EPS. The firm’s revenue was down 10.3% on a year-over-year basis. As a group, equities research analysts anticipate that Gain Capital will post -0.49 earnings per share for the current year.
A number of equities analysts have weighed in on the stock. TheStreet downgraded shares of Gain Capital from a “c-” rating to a “d+” rating in a research note on Monday, June 10th. ValuEngine raised shares of Gain Capital from a “hold” rating to a “buy” rating in a research note on Thursday, September 5th. Sandler O’Neill set a $5.00 target price on shares of Gain Capital and gave the stock a “buy” rating in a research note on Tuesday, September 10th. JPMorgan Chase & Co. raised shares of Gain Capital from a “neutral” rating to an “overweight” rating and boosted their target price for the stock from $5.50 to $6.00 in a research note on Thursday, August 15th. Finally, B. Riley assumed coverage on shares of Gain Capital in a research note on Wednesday. They issued a “buy” rating and a $7.00 target price for the company. Four equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $5.75.
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 two segments, Retail and Futures. It specializes in over-the-counter (OTC) and exchange-traded markets. The company offers access to a range of financial products, including spot foreign exchange (forex) and precious metals trading; and spread bets and contracts for differences on currencies, commodities, indices, individual equities, bonds, options, and interest rate products, as well as OTC options on forex.
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