Rhumbline Advisers lessened its holdings in GAIN Capital Holdings, Inc. (NYSE:GCAP) by 17.1% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 43,525 shares of the financial services provider’s stock after selling 8,960 shares during the quarter. Rhumbline Advisers owned approximately 0.09% of GAIN Capital Holdings worth $271,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in GCAP. American International Group Inc. boosted its holdings in shares of GAIN Capital Holdings by 7.0% during the first quarter. American International Group Inc. now owns 22,956 shares of the financial services provider’s stock valued at $191,000 after acquiring an additional 1,511 shares during the period. Los Angeles Capital Management & Equity Research Inc. boosted its holdings in shares of GAIN Capital Holdings by 18.5% during the first quarter. Los Angeles Capital Management & Equity Research Inc. now owns 24,592 shares of the financial services provider’s stock valued at $205,000 after acquiring an additional 3,832 shares during the period. Alliancebernstein L.P. boosted its holdings in shares of GAIN Capital Holdings by 1.2% during the first quarter. Alliancebernstein L.P. now owns 25,100 shares of the financial services provider’s stock valued at $209,000 after acquiring an additional 300 shares during the period. Metropolitan Life Insurance Co. NY boosted its holdings in shares of GAIN Capital Holdings by 14.8% during 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 acquiring an additional 3,689 shares during the period. Finally, Bank of America Corp DE boosted its holdings in shares of GAIN Capital Holdings by 40.6% during the first quarter. Bank of America Corp DE now owns 34,534 shares of the financial services provider’s stock valued at $287,000 after acquiring an additional 9,964 shares during the period. 53.45% of the stock is owned by hedge funds and other institutional investors.

GAIN Capital Holdings, Inc. (NYSE:GCAP) opened at 6.55 on Thursday. The firm has a market cap of $309.43 million, a P/E ratio of 28.73 and a beta of 0.30. The stock’s 50 day moving average is $6.41 and its 200 day moving average is $6.57. GAIN Capital Holdings, Inc. has a one year low of $4.54 and a one year high of $8.75.

GAIN Capital Holdings (NYSE:GCAP) last announced its quarterly earnings results on Thursday, August 3rd. The financial services provider reported $0.25 earnings per share for the quarter, meeting analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $98.70 million. During the same period in the prior year, the business posted $0.27 earnings per share. The business’s revenue was down 9.2% compared to the same quarter last year. On average, equities research analysts expect that GAIN Capital Holdings, Inc. will post $0.19 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 19th. Shareholders of record on Tuesday, September 12th were given a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a yield of 3.66%. The ex-dividend date of this dividend was Monday, September 11th. GAIN Capital Holdings’s dividend payout ratio (DPR) is 104.35%.

In other GAIN Capital Holdings news, major shareholder Ltd Ipgl bought 92,019 shares of the firm’s stock in a transaction dated Tuesday, September 5th. The shares were bought at an average price of $6.23 per share, for a total transaction of $573,278.37. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Christopher Warren Calhoun sold 5,000 shares of the stock in a transaction on Monday, July 24th. The stock was sold at an average price of $6.67, for a total value of $33,350.00. Following the sale, the director now owns 45,149 shares in the company, valued at approximately $301,143.83. The disclosure for this sale can be found here. Over the last quarter, insiders acquired 200,000 shares of company stock worth $1,244,594 and sold 35,000 shares worth $237,178. Corporate insiders own 5.00% of the company’s stock.

ILLEGAL ACTIVITY WARNING: “Rhumbline Advisers Decreases Holdings in GAIN Capital Holdings, Inc. (GCAP)” was originally reported by Watch List News and is the sole property of of Watch List News. If you are reading this story on another domain, it was copied illegally and republished in violation of United States & international copyright and trademark laws. The correct version of this story can be accessed at https://www.watchlistnews.com/rhumbline-advisers-decreases-holdings-in-gain-capital-holdings-inc-gcap/1624789.html.

GCAP has been the subject of several analyst reports. Jefferies Group LLC reissued a “buy” rating and set a $8.50 price target (down previously from $9.00) on shares of GAIN Capital Holdings in a report on Friday, August 4th. Zacks Investment Research raised shares of GAIN Capital Holdings from a “strong sell” rating to a “hold” rating and set a $7.25 price target for the company in a report on Monday, July 10th. TheStreet raised shares of GAIN Capital Holdings from a “c” rating to a “b-” rating in a report on Monday, August 7th. Keefe, Bruyette & Woods reissued a “hold” rating and set a $7.00 price target on shares of GAIN Capital Holdings in a report on Friday, October 6th. Finally, BidaskClub downgraded shares of GAIN Capital Holdings from a “buy” rating to a “hold” rating in a report on Tuesday, August 22nd. One equities 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’s stock. GAIN Capital Holdings has an average rating of “Hold” and a consensus target price of $7.58.

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.

Institutional Ownership by Quarter for GAIN Capital Holdings (NYSE:GCAP)

Receive News & Ratings for GAIN Capital Holdings Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for GAIN Capital Holdings Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.