GAIN Capital Holdings, Inc. (NYSE:GCAP) Given “Buy” Rating at Jefferies Group LLC
Jefferies Group LLC reissued their buy rating on shares of GAIN Capital Holdings, Inc. (NYSE:GCAP) in a research note issued to investors on Friday morning. Jefferies Group LLC currently has a $8.50 target price on the financial services provider’s stock.
GCAP has been the topic of a number of other research reports. Zacks Investment Research downgraded GAIN Capital Holdings from a hold rating to a strong sell rating in a research report on Tuesday, May 9th. Keefe, Bruyette & Woods reissued a hold rating and set a $7.50 price target on shares of GAIN Capital Holdings in a research report on Monday, April 10th. Finally, TheStreet downgraded GAIN Capital Holdings from a b- rating to a c rating in a research report on Thursday, May 4th.
GAIN Capital Holdings (NYSE GCAP) traded up 7.61% during mid-day trading on Friday, reaching $7.21. The company’s stock had a trading volume of 362,462 shares. The stock has a market cap of $343.77 million, a PE ratio of 65.55 and a beta of 0.29. GAIN Capital Holdings has a 52-week low of $4.54 and a 52-week high of $8.75. The company has a 50 day moving average of $6.28 and a 200-day moving average of $7.06.
GAIN Capital Holdings (NYSE:GCAP) last announced its quarterly earnings results on Thursday, August 3rd. The financial services provider reported $0.25 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.25. The firm had revenue of $98.10 million for the quarter, compared to the consensus estimate of $98.70 million. GAIN Capital Holdings had a return on equity of 2.86% and a net margin of 3.21%. The business’s revenue was down 9.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.27 earnings per share. Equities analysts forecast that GAIN Capital Holdings will post $0.21 earnings per share for the current year.
GAIN Capital Holdings declared that its board has approved a stock repurchase plan on Wednesday, May 17th that permits the company to repurchase $35.00 million in outstanding shares. This repurchase authorization permits the financial services provider to buy up to 12.7% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company’s management believes its shares are undervalued.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 19th. Shareholders of record on Tuesday, September 12th will be given a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a yield of 3.33%. The ex-dividend date is Monday, September 11th. GAIN Capital Holdings’s dividend payout ratio (DPR) is presently 104.35%.
In other news, major shareholder Senvest Management, Llc sold 50,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 9th. The stock was sold at an average price of $5.94, for a total value of $297,000.00. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Christopher Warren Calhoun sold 5,000 shares of the company’s stock in a transaction that occurred on Monday, July 24th. The shares were sold at an average price of $6.67, for a total value of $33,350.00. Following the completion of the transaction, the director now directly owns 45,149 shares in the company, valued at approximately $301,143.83. The disclosure for this sale can be found here. Insiders sold 77,634 shares of company stock worth $473,550 in the last ninety days. 5.00% of the stock is owned by company insiders.
Several institutional investors have recently bought and sold shares of the stock. Martingale Asset Management L P purchased a new position in GAIN Capital Holdings during the first quarter valued at approximately $126,000. Eagle Global Advisors LLC purchased a new position in GAIN Capital Holdings during the first quarter valued at approximately $153,000. American International Group Inc. increased its position in GAIN Capital Holdings by 7.0% in the first quarter. American International Group Inc. now owns 22,956 shares of the financial services provider’s stock valued at $191,000 after buying an additional 1,511 shares during the last quarter. Los Angeles Capital Management & Equity Research Inc. increased its position in GAIN Capital Holdings by 18.5% in the first quarter. Los Angeles Capital Management & Equity Research Inc. now owns 24,592 shares of the financial services provider’s stock valued at $205,000 after buying an additional 3,832 shares during the last quarter. Finally, Alpine Woods Capital Investors LLC purchased a new position in GAIN Capital Holdings during the second quarter valued at approximately $155,000. 48.88% of the stock is currently owned by institutional investors.
GAIN Capital Holdings 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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