Spark Investment Management LLC Raises Stake in GAIN Capital Holdings, Inc. (NYSE:GCAP)
Spark Investment Management LLC boosted its position in GAIN Capital Holdings, Inc. (NYSE:GCAP) by 148.4% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 133,400 shares of the financial services provider’s stock after buying an additional 79,700 shares during the period. Spark Investment Management LLC’s holdings in GAIN Capital Holdings were worth $831,000 as of its most recent SEC filing.
Other large investors have also recently bought and sold shares of the company. State Street Corp increased its stake in GAIN Capital Holdings by 6.9% in the fourth quarter. State Street Corp now owns 759,616 shares of the financial services provider’s stock worth $4,998,000 after buying an additional 49,099 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in GAIN Capital Holdings by 7.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,954,947 shares of the financial services provider’s stock worth $12,864,000 after buying an additional 129,257 shares in the last quarter. Acadian Asset Management LLC increased its stake in GAIN Capital Holdings by 24.6% in the first quarter. Acadian Asset Management LLC now owns 1,883,752 shares of the financial services provider’s stock worth $15,693,000 after buying an additional 371,842 shares in the last quarter. Russell Investments Group Ltd. increased its stake in GAIN Capital Holdings by 29.5% in the first quarter. Russell Investments Group Ltd. now owns 182,459 shares of the financial services provider’s stock worth $1,520,000 after buying an additional 41,564 shares in the last quarter. Finally, LSV Asset Management increased its stake in GAIN Capital Holdings by 103.7% in the first quarter. LSV Asset Management now owns 433,209 shares of the financial services provider’s stock worth $3,608,000 after buying an additional 220,509 shares in the last quarter. 49.28% of the stock is owned by institutional investors.
GAIN Capital Holdings, Inc. (NYSE GCAP) opened at 6.79 on Friday. The firm has a market cap of $323.79 million, a P/E ratio of 29.65 and a beta of 0.29. GAIN Capital Holdings, Inc. has a 1-year low of $4.54 and a 1-year high of $8.75. The company has a 50-day moving average price of $6.50 and a 200-day moving average price of $7.05.
GAIN Capital Holdings (NYSE:GCAP) last issued its quarterly earnings data on Thursday, August 3rd. The financial services provider reported $0.25 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.25. The business had revenue of $98.10 million for the quarter, compared to analysts’ expectations of $98.70 million. GAIN Capital Holdings had a return on equity of 2.85% and a net margin of 3.21%. The firm’s quarterly revenue was down 9.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.27 EPS. On average, equities research analysts forecast that GAIN Capital Holdings, Inc. will post $0.19 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 19th. Investors of record on Tuesday, September 12th will be issued a dividend of $0.06 per share. The ex-dividend date is Monday, September 11th. This represents a $0.24 dividend on an annualized basis and a yield of 3.53%. GAIN Capital Holdings’s dividend payout ratio (DPR) is 104.35%.
GAIN Capital Holdings announced that its Board of Directors has initiated a share repurchase program on Wednesday, May 17th that authorizes the company to buyback $35.00 million in outstanding shares. This buyback authorization authorizes the financial services provider to buy up to 12.7% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s board believes its stock is undervalued.
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A number of equities research analysts have recently weighed in on GCAP shares. Zacks Investment Research downgraded GAIN Capital Holdings from a “strong-buy” rating to a “hold” rating in a report on Thursday, April 13th. Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $7.00 price target on shares of GAIN Capital Holdings in a research note on Friday, May 5th. TheStreet downgraded GAIN Capital Holdings from a “b-” rating to a “c” rating in a research note on Thursday, May 4th. Finally, Jefferies Group LLC boosted their price target on GAIN Capital Holdings from $9.00 to $10.00 and gave the company a “buy” rating in a research note on Monday, May 8th.
In related news, Director Christopher Warren Calhoun sold 5,000 shares of the stock in a transaction dated Monday, July 17th. The stock was sold at an average price of $6.39, for a total transaction of $31,950.00. Following the sale, the director now owns 50,149 shares of the company’s stock, valued at approximately $320,452.11. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders have sold a total of 37,701 shares of company stock worth $251,853 in the last three months. 5.00% of the stock is currently owned by insiders.
About GAIN Capital Holdings
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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