GAIN Capital Sees Unusually High Options Volume (GCAP)
GAIN Capital Holdings, Inc. (NYSE:GCAP) saw some unusual options trading activity on Friday. Stock investors acquired 554 call options on the company. This represents an increase of approximately 433% compared to the typical daily volume of 104 call options.
In other GAIN Capital news, Director Christopher Warren Calhoun sold 5,000 shares of the stock in a transaction that occurred on Friday, October 27th. The shares were sold at an average price of $7.00, for a total value of $35,000.00. Following the transaction, the director now directly owns 23,278 shares in the company, valued at $162,946. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder Ltd Ipgl purchased 71,306 shares of the firm’s stock in a transaction on Thursday, September 7th. The stock was acquired at an average price of $6.20 per share, for a total transaction of $442,097.20. The disclosure for this purchase can be found here. 5.00% of the stock is owned by corporate insiders.
Institutional investors and hedge funds have recently bought and sold shares of the stock. Los Angeles Capital Management & Equity Research Inc. purchased a new position in GAIN Capital during the third quarter valued at $104,000. Trexquant Investment LP purchased a new position in GAIN Capital during the third quarter valued at $109,000. Principal Financial Group Inc. purchased a new position in GAIN Capital during the second quarter valued at $119,000. Martingale Asset Management L P grew its stake in GAIN Capital by 52.2% during the second quarter. Martingale Asset Management L P now owns 23,020 shares of the financial services provider’s stock valued at $144,000 after acquiring an additional 7,900 shares in the last quarter. Finally, Alpine Woods Capital Investors LLC purchased a new position in GAIN Capital during the second quarter valued at $155,000. 55.36% of the stock is owned by institutional investors.
A number of analysts have recently issued reports on the stock. Zacks Investment Research cut shares of GAIN Capital from a “hold” rating to a “sell” rating in a research note on Tuesday, October 10th. BidaskClub cut shares of GAIN Capital from a “hold” rating to a “sell” rating in a research note on Monday, October 23rd. TheStreet cut shares of GAIN Capital from a “b-” rating to a “c” rating in a research note on Thursday, October 26th. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $7.00 price objective on shares of GAIN Capital in a research note on Friday, October 6th. Finally, Jefferies Group LLC reissued a “buy” rating and issued a $8.50 price objective (down from $9.00) on shares of GAIN Capital in a research note on Friday, August 4th. One analyst has rated the stock with a sell rating, two have given a hold rating and one has assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $7.58.
GAIN Capital (GCAP) opened at $8.33 on Monday. The firm has a market cap of $375.50, a price-to-earnings ratio of 24.50, a P/E/G ratio of 10.58 and a beta of 0.28. GAIN Capital has a 52 week low of $5.56 and a 52 week high of $8.95. 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 (NYSE:GCAP) last posted 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. The company had revenue of $81.30 million during the quarter, compared to analysts’ expectations of $79.86 million. GAIN Capital had a net margin of 3.72% and a return on equity of 5.62%. GAIN Capital’s quarterly revenue was up 12.6% on a year-over-year basis. During the same period last year, the company posted ($0.11) earnings per share. equities analysts predict that GAIN Capital will post 0.1 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, December 21st. Investors of record on Monday, December 11th will be paid a dividend of $0.06 per share. The ex-dividend date of this dividend is Friday, December 8th. This represents a $0.24 annualized dividend and a yield of 2.88%. GAIN Capital’s payout ratio is 80.00%.
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GAIN Capital 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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