GAIN Capital Holdings, Inc. (GCAP) Shares Sold by First Trust Advisors LP
First Trust Advisors LP lessened its stake in GAIN Capital Holdings, Inc. (NYSE:GCAP) by 5.1% during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 18,625 shares of the financial services provider’s stock after selling 1,005 shares during the quarter. First Trust Advisors LP’s holdings in GAIN Capital Holdings were worth $116,000 as of its most recent filing with the SEC.
Other institutional investors also recently modified their holdings of the company. Martingale Asset Management L P bought a new position in shares of GAIN Capital Holdings during the first quarter worth about $126,000. American International Group Inc. grew its stake 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 worth $191,000 after purchasing an additional 1,511 shares in the last quarter. Los Angeles Capital Management & Equity Research Inc. grew its stake 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 worth $205,000 after purchasing an additional 3,832 shares in the last quarter. Alliancebernstein L.P. grew its stake in GAIN Capital Holdings 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 purchasing an additional 300 shares in the last quarter. Finally, Metropolitan Life Insurance Co. NY grew its stake in GAIN Capital Holdings 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 purchasing an additional 3,689 shares in the last quarter. Institutional investors and hedge funds own 53.45% of the company’s stock.
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In other news, Director Christopher Warren Calhoun sold 5,000 shares of GAIN Capital Holdings stock in a transaction dated Monday, July 17th. The shares were sold at an average price of $6.39, for a total transaction of $31,950.00. Following the sale, the director now directly owns 50,149 shares in the company, valued at approximately $320,452.11. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, major shareholder Ltd Ipgl bought 36,675 shares of the firm’s stock in a transaction dated Monday, August 21st. The shares were acquired at an average price of $6.25 per share, for a total transaction of $229,218.75. The disclosure for this purchase can be found here. In the last three months, insiders have bought 200,000 shares of company stock worth $1,244,594 and have sold 40,000 shares worth $270,078. 5.60% of the stock is currently owned by company insiders.
Several analysts recently weighed in on the company. Jefferies Group LLC reissued a “buy” rating and issued a $8.50 price objective (down from $9.00) on shares of GAIN Capital Holdings in a 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 target price on the stock in a report on Monday, July 10th. TheStreet raised GAIN Capital Holdings from a “c” rating to a “b-” rating in a report on Monday, August 7th. Finally, BidaskClub lowered GAIN Capital Holdings from a “buy” rating to a “hold” rating in a research report on Tuesday, August 22nd. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and one has assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $7.58.
Shares of GAIN Capital Holdings, Inc. (GCAP) opened at 6.39 on Monday. The firm’s 50-day moving average is $6.53 and its 200 day moving average is $6.75. GAIN Capital Holdings, Inc. has a 1-year low of $4.54 and a 1-year high of $8.75. The company has a market cap of $301.87 million, a price-to-earnings ratio of 28.03 and a beta of 0.30.
GAIN Capital Holdings (NYSE:GCAP) last posted its quarterly earnings results on Thursday, August 3rd. The financial services provider reported $0.25 EPS for the quarter, meeting the consensus estimate of $0.25. GAIN Capital Holdings had a return on equity of 2.85% and a net margin of 3.21%. The firm had revenue of $98.10 million during the quarter, compared to analysts’ expectations of $98.70 million. During the same quarter in the prior year, the firm posted $0.27 EPS. The company’s revenue for the quarter was down 9.2% on a year-over-year basis. Equities analysts expect that GAIN Capital Holdings, Inc. will post $0.19 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 19th. Stockholders of record on Tuesday, September 12th were issued a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a dividend yield of 3.76%. The ex-dividend date of this dividend was Monday, September 11th. GAIN Capital Holdings’s payout ratio is presently 104.35%.
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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