GAIN Capital Holdings (NYSE:GCAP) Getting Somewhat Positive Press Coverage, Analysis Shows
News articles about GAIN Capital Holdings (NYSE:GCAP) have been trending somewhat positive recently, Accern reports. The research firm identifies negative and positive news coverage by monitoring more than 20 million news and blog sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. GAIN Capital Holdings earned a daily sentiment score of 0.16 on Accern’s scale. Accern also assigned media coverage about the financial services provider an impact score of 46.6908248874506 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
Here are some of the news headlines that may have effected Accern Sentiment’s rankings:
- Zacks: Brokerages Anticipate GAIN Capital Holdings, Inc. (GCAP) Will Announce Quarterly Sales of $91.95 Million (americanbankingnews.com)
- GAIN Capital Holdings, Inc. 2017 Q2 – Results – Earnings Call Slides (seekingalpha.com)
- GAIN Capital Holdings, Inc. (NYSE:GCAP) Announces Earnings Results (americanbankingnews.com)
- Edited Transcript of GCAP earnings conference call or presentation 3-Aug-17 8:30pm GMT (finance.yahoo.com)
GCAP has been the subject of a number of research reports. Jefferies Group LLC reissued a “buy” rating and issued a $8.50 price target on shares of GAIN Capital Holdings in a research note on Friday. Zacks Investment Research raised shares of GAIN Capital Holdings from a “strong sell” rating to a “hold” rating and set a $7.25 price objective for the company in a research note on Monday, July 10th. Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $7.00 price objective on shares of GAIN Capital Holdings in a research note on Monday, May 15th. Finally, TheStreet cut shares of GAIN Capital Holdings from a “b-” rating to a “c” rating in a research note on Thursday, May 4th.
Shares of GAIN Capital Holdings (NYSE:GCAP) opened at 7.01 on Tuesday. The stock has a market cap of $334.24 million, a PE ratio of 63.73 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 stock 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 the consensus estimate of $0.25. GAIN Capital Holdings had a net margin of 3.21% and a return on equity of 2.86%. The company had revenue of $98.10 million for the quarter, compared to analysts’ expectations of $98.70 million. During the same quarter in the previous year, the business posted $0.27 earnings per share. GAIN Capital Holdings’s quarterly revenue was down 9.2% on a year-over-year basis. Equities research analysts predict that GAIN Capital Holdings will post $0.19 earnings per share for the current fiscal year.
GAIN Capital Holdings announced that its Board of Directors has authorized a stock repurchase program on Wednesday, May 17th that allows the company to repurchase $35.00 million in outstanding shares. This repurchase authorization allows the financial services provider to reacquire up to 12.7% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s board believes its stock is undervalued.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 19th. Investors of record on Tuesday, September 12th will be given a $0.06 dividend. This represents a $0.24 annualized dividend and a yield of 3.42%. The ex-dividend date is Monday, September 11th. GAIN Capital Holdings’s dividend payout ratio is presently 104.35%.
In related news, Director Christopher Warren Calhoun sold 5,000 shares of the business’s stock in a transaction on Monday, July 17th. The shares were sold at an average price of $6.39, for a total value of $31,950.00. Following the sale, the director now owns 50,149 shares in the company, valued at $320,452.11. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders sold 22,701 shares of company stock worth $146,853 in the last 90 days. 5.60% of the stock is currently owned by company insiders.
About GAIN Capital Holdings
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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