GAIN Capital Holdings, Inc. (GCAP) Shares Bought by Vanguard Group Inc.
Vanguard Group Inc. increased its stake in GAIN Capital Holdings, Inc. (NYSE:GCAP) by 1.3% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,290,814 shares of the financial services provider’s stock after purchasing an additional 16,952 shares during the quarter. Vanguard Group Inc. owned about 2.69% of GAIN Capital worth $8,041,000 at the end of the most recent quarter.
Other hedge funds also recently bought and sold shares of the company. Alliancebernstein L.P. raised its position in GAIN Capital by 1.2% in the first quarter. Alliancebernstein L.P. now owns 25,100 shares of the financial services provider’s stock worth $209,000 after acquiring an additional 300 shares in the last quarter. American International Group Inc. raised its position in GAIN Capital by 7.0% in the first quarter. American International Group Inc. now owns 22,956 shares of the financial services provider’s stock worth $191,000 after acquiring an additional 1,511 shares in the last quarter. TIAA CREF Investment Management LLC raised its position in 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 worth $609,000 after acquiring an additional 2,095 shares in the last quarter. Metropolitan Life Insurance Co. NY raised its position in 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 worth $238,000 after acquiring an additional 3,689 shares in the last quarter. Finally, Quinn Opportunity Partners LLC raised its holdings in GAIN Capital by 10.5% during the 2nd quarter. Quinn Opportunity Partners LLC now owns 52,803 shares of the financial services provider’s stock worth $329,000 after buying an additional 5,000 shares during the period. 55.36% of the stock is owned by institutional investors and hedge funds.
Several research firms have issued reports on GCAP. TheStreet upgraded GAIN Capital from a “c” rating to a “b-” rating in a report on Monday, August 7th. BidaskClub downgraded GAIN Capital from a “buy” rating to a “hold” rating in a report on Tuesday, August 22nd. Keefe, Bruyette & Woods restated a “hold” rating and set a $7.00 price objective on shares of GAIN Capital in a report on Friday, October 6th. Jefferies Group LLC restated a “buy” rating and set a $8.50 price objective (down previously from $9.00) on shares of GAIN Capital in a report on Friday, August 4th. Finally, Zacks Investment Research downgraded GAIN Capital from a “hold” rating to a “sell” rating in a report on Tuesday, October 10th. One analyst has rated the stock with a sell rating, two have issued a hold rating and one has given a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $7.58.
GAIN Capital Holdings, Inc. (GCAP) opened at $8.33 on Friday. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.24 and a current ratio of 1.24. GAIN Capital Holdings, Inc. has a 12 month low of $5.56 and a 12 month high of $8.95. The firm has a market capitalization of $375.50, a PE ratio of 24.50, a price-to-earnings-growth ratio of 10.58 and a beta of 0.28.
GAIN Capital (NYSE:GCAP) last released its earnings results on Thursday, October 26th. The financial services provider reported $0.05 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate 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 analysts’ expectations of $79.86 million. During the same quarter in the previous year, the business posted ($0.11) EPS. The business’s revenue for the quarter was up 12.6% on a year-over-year basis. equities research analysts forecast that GAIN Capital Holdings, Inc. will post 0.1 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, December 21st. Investors of record on Monday, December 11th will be paid a $0.06 dividend. The ex-dividend date is Friday, December 8th. This represents a $0.24 annualized dividend and a dividend yield of 2.88%. GAIN Capital’s payout ratio is 80.00%.
In related news, major shareholder Ltd Ipgl bought 92,019 shares of the firm’s stock in a transaction on Tuesday, September 5th. The stock was purchased at an average price of $6.23 per share, with a total value of $573,278.37. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Christopher Warren Calhoun sold 5,000 shares of the company’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 directly owns 23,278 shares of the company’s stock, valued at approximately $162,946. The disclosure for this sale can be found here. Insiders own 5.00% of the company’s stock.
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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