Luzich Partners LLC Increases Holdings in Gain Capital Holdings Inc (GCAP)
Luzich Partners LLC grew its position in shares of Gain Capital Holdings Inc (NYSE:GCAP) by 6.3% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,505,309 shares of the financial services provider’s stock after acquiring an additional 89,431 shares during the quarter. Gain Capital comprises 8.1% of Luzich Partners LLC’s portfolio, making the stock its 4th biggest position. Luzich Partners LLC owned about 3.34% of Gain Capital worth $9,619,000 at the end of the most recent quarter.
Other large investors have also recently made changes to their positions in the company. Alliancebernstein L.P. grew its stake in shares of Gain Capital by 1.2% in the first quarter. Alliancebernstein L.P. now owns 25,100 shares of the financial services provider’s stock valued at $209,000 after buying an additional 300 shares in the last quarter. The Manufacturers Life Insurance Company grew its stake in shares of Gain Capital by 4.1% in the second quarter. The Manufacturers Life Insurance Company now owns 31,792 shares of the financial services provider’s stock valued at $198,000 after buying an additional 1,238 shares in the last quarter. TIAA CREF Investment Management LLC grew its stake in shares of Gain Capital by 2.2% in the second quarter. TIAA CREF Investment Management LLC now owns 97,677 shares of the financial services provider’s stock valued at $609,000 after buying an additional 2,095 shares in the last quarter. Metropolitan Life Insurance Co. NY grew its stake in shares of Gain Capital by 14.8% in the first quarter. Metropolitan Life Insurance Co. NY now owns 28,588 shares of the financial services provider’s stock valued at $238,000 after buying an additional 3,689 shares in the last quarter. Finally, Voya Investment Management LLC grew its stake in shares of Gain Capital by 17.1% in the second quarter. Voya Investment Management LLC now owns 25,712 shares of the financial services provider’s stock valued at $160,000 after buying an additional 3,755 shares in the last quarter. Institutional investors own 56.25% of the company’s stock.
GCAP has been the subject of a number of analyst reports. BidaskClub downgraded Gain Capital from a “buy” rating to a “hold” rating in a report on Tuesday, August 22nd. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $7.00 price target on shares of Gain Capital in a report on Friday, October 6th. Zacks Investment Research downgraded Gain Capital from a “hold” rating to a “sell” rating in a report on Tuesday, October 10th. Finally, TheStreet downgraded Gain Capital from a “b-” rating to a “c” rating in a report on Thursday, October 26th. One research analyst has rated the stock with a sell rating, two have given a hold rating and one has given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $7.58.
In related news, Director Christopher Warren Calhoun sold 5,000 shares of the firm’s stock in a transaction that occurred on Friday, October 27th. The stock was sold at an average price of $7.00, for a total value of $35,000.00. Following the sale, the director now owns 23,278 shares of the company’s stock, valued at approximately $162,946. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 5.00% of the company’s stock.
Gain Capital Holdings Inc (NYSE GCAP) opened at $7.04 on Friday. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 0.45. Gain Capital Holdings Inc has a 1-year low of $5.56 and a 1-year high of $8.95. The company has a market capitalization of $320.50, a P/E ratio of 20.91, a price-to-earnings-growth ratio of 9.03 and a beta of 0.27.
Gain Capital (NYSE:GCAP) last released its earnings results on Thursday, October 26th. The financial services provider reported $0.05 EPS for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.06. Gain Capital had a return on equity of 5.62% and a net margin of 3.72%. The company had revenue of $81.30 million for the quarter, compared to the consensus estimate of $79.86 million. During the same quarter last year, the business posted ($0.11) EPS. Gain Capital’s quarterly revenue was up 12.6% compared to the same quarter last year. sell-side analysts expect that Gain Capital Holdings Inc will post 0.1 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, December 21st. Shareholders of record on Monday, December 11th will be issued a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a yield of 3.41%. The ex-dividend date is Friday, December 8th. Gain Capital’s dividend payout ratio is presently 80.00%.
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About Gain Capital
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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