GAIN Capital Holdings, Inc. (GCAP) Raised to B- at TheStreet
GAIN Capital Holdings, Inc. (NYSE:GCAP) was upgraded by TheStreet from a “c” rating to a “b-” rating in a note issued to investors on Monday.
Several other research firms also recently weighed in on GCAP. Jefferies Group LLC reissued a “buy” rating and set a $8.50 price target (down previously from $9.00) on shares of GAIN Capital Holdings in a research report on Friday, August 4th. Zacks Investment Research raised GAIN Capital Holdings from a “strong sell” rating to a “hold” rating and set a $7.25 price target for the company in a research report on Monday, July 10th. Finally, Keefe, Bruyette & Woods reissued a “hold” rating and set a $7.00 price target on shares of GAIN Capital Holdings in a research report on Monday, May 15th.
Shares of GAIN Capital Holdings (GCAP) traded down 1.13% during mid-day trading on Monday, hitting $7.00. The stock had a trading volume of 37,697 shares. 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 price of $6.37 and a 200-day moving average price of $7.05. The company has a market cap of $333.76 million, a PE ratio of 63.64 and a beta of 0.29.
GAIN Capital Holdings (NYSE:GCAP) last released 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. The company had revenue of $98.10 million during 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%. GAIN Capital Holdings’s revenue was down 9.2% compared to the same quarter last year. During the same quarter last year, the business posted $0.27 earnings per share. On average, equities analysts expect that GAIN Capital Holdings will post $0.19 earnings per share for the current fiscal year.
GAIN Capital Holdings announced that its board has initiated a stock repurchase program on Wednesday, May 17th that allows the company to buyback $35.00 million in outstanding shares. This buyback authorization allows the financial services provider to buy up to 12.7% of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s leadership believes its shares are undervalued.
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In other news, Director Christopher Warren Calhoun sold 15,000 shares of the firm’s stock in a transaction on Monday, August 7th. The stock was sold at an average price of $7.00, for a total transaction of $105,000.00. Following the sale, the director now owns 40,149 shares in the company, valued at $281,043. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders have sold 37,701 shares of company stock worth $251,853 in the last 90 days. Insiders own 5.60% of the company’s stock.
A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Kestrel Investment Management Corp purchased a new position in shares of GAIN Capital Holdings during the first quarter worth $4,933,000. Acadian Asset Management LLC boosted its position in shares of GAIN Capital Holdings by 24.6% in the first quarter. Acadian Asset Management LLC now owns 1,883,752 shares of the financial services provider’s stock worth $15,693,000 after buying an additional 371,842 shares during the last quarter. Signia Capital Management LLC boosted its position in shares of GAIN Capital Holdings by 68.2% in the first quarter. Signia Capital Management LLC now owns 873,092 shares of the financial services provider’s stock worth $7,272,000 after buying an additional 354,056 shares during the last quarter. LSV Asset Management boosted its position in shares of GAIN Capital Holdings by 103.7% in the first quarter. LSV Asset Management now owns 433,209 shares of the financial services provider’s stock worth $3,608,000 after buying an additional 220,509 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in shares of GAIN Capital Holdings by 10.6% in the first quarter. Dimensional Fund Advisors LP now owns 2,161,274 shares of the financial services provider’s stock worth $18,003,000 after buying an additional 206,327 shares during the last quarter. Hedge funds and other institutional investors own 49.28% of the company’s stock.
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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