Gain Capital Holdings Inc (GCAP) Stake Lessened by Connor Clark & Lunn Investment Management Ltd.
Connor Clark & Lunn Investment Management Ltd. lowered its position in shares of Gain Capital Holdings Inc (NYSE:GCAP) by 43.0% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 40,294 shares of the financial services provider’s stock after selling 30,400 shares during the period. Connor Clark & Lunn Investment Management Ltd.’s holdings in Gain Capital were worth $253,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds and other institutional investors have also recently made changes to their positions in GCAP. BNP Paribas Arbitrage SA increased its holdings in Gain Capital by 306.7% in the 1st quarter. BNP Paribas Arbitrage SA now owns 5,670 shares of the financial services provider’s stock valued at $36,000 after purchasing an additional 4,276 shares during the last quarter. Renaissance Technologies LLC acquired a new stake in Gain Capital in the 3rd quarter valued at approximately $105,000. Hartford Investment Management Co. acquired a new stake in Gain Capital in the 4th quarter valued at approximately $144,000. Paloma Partners Management Co acquired a new stake in Gain Capital in the 4th quarter valued at approximately $150,000. Finally, Bank of America Corp DE increased its holdings in Gain Capital by 19.4% in the 4th quarter. Bank of America Corp DE now owns 31,690 shares of the financial services provider’s stock valued at $195,000 after purchasing an additional 5,139 shares during the last quarter. Institutional investors and hedge funds own 55.11% of the company’s stock.
GCAP has been the subject of several research reports. ValuEngine upgraded shares of Gain Capital from a “sell” rating to a “hold” rating in a report on Monday, February 4th. Zacks Investment Research downgraded shares of Gain Capital from a “hold” rating to a “sell” rating in a report on Friday, March 1st. 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 stock. The stock currently has a consensus rating of “Hold” and an average price target of $8.75.
Gain Capital (NYSE:GCAP) last posted its quarterly earnings results on Thursday, April 25th. The financial services provider reported ($0.76) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.72) by ($0.04). The business had revenue of $38.40 million during the quarter, compared to analyst estimates of $39.26 million. Gain Capital had a negative return on equity of 4.73% and a net margin of 16.24%. The business’s revenue was down 61.0% on a year-over-year basis. During the same quarter last year, the firm earned $0.36 EPS. Equities analysts anticipate that Gain Capital Holdings Inc will post -0.72 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Monday, June 24th will be paid a $0.06 dividend. The ex-dividend date of this dividend is Friday, June 21st. This represents a $0.24 annualized dividend and a dividend yield of 6.00%. Gain Capital’s dividend payout ratio (DPR) is 35.82%.
In other Gain Capital news, CFO Nigel Rose sold 4,256 shares of the business’s stock in a transaction on Monday, March 18th. The shares were sold at an average price of $6.57, for a total value of $27,961.92. Following the completion of the transaction, the chief financial officer now owns 114,923 shares in the company, valued at $755,044.11. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Samantha Roady sold 4,893 shares of the business’s stock in a transaction on Monday, March 18th. The stock was sold at an average price of $6.57, for a total transaction of $32,147.01. Following the completion of the transaction, the insider now owns 241,257 shares of the company’s stock, valued at approximately $1,585,058.49. The disclosure for this sale can be found here. In the last 90 days, insiders sold 41,578 shares of company stock valued at $210,376. Insiders own 6.40% of the company’s stock.
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Gain Capital Company Profile
GAIN Capital Holdings, Inc, together with its subsidiary, provides trading services and solutions to retail, institutional, and futures service customers worldwide. The company operates in two segments, Retail and Futures. It specializes in over-the-counter (OTC) and exchange-traded markets. The company offers access to a range of financial products, including spot foreign exchange (forex) and precious metals trading; and spread bets and contracts for differences on currencies, commodities, indices, individual equities, bonds, options, and interest rate products, as well as OTC options on forex.
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