The Manufacturers Life Insurance Company lifted its stake in Gain Capital Holdings Inc (NYSE:GCAP) by 4.1% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 31,792 shares of the financial services provider’s stock after purchasing an additional 1,238 shares during the period. The Manufacturers Life Insurance Company owned 0.07% of Gain Capital worth $198,000 as of its most recent SEC filing.
Several other large investors also recently bought and sold shares of the company. Luzich Partners LLC increased its stake in shares of Gain Capital by 14.8% in the 2nd quarter. Luzich Partners LLC now owns 1,415,878 shares of the financial services provider’s stock worth $8,821,000 after acquiring an additional 182,030 shares in the last quarter. State Street Corp increased its stake in shares of Gain Capital by 2.3% in the 2nd quarter. State Street Corp now owns 647,719 shares of the financial services provider’s stock worth $4,036,000 after acquiring an additional 14,861 shares in the last quarter. Cornerstone Capital Management Holdings LLC. increased its stake in shares of Gain Capital by 66.9% in the 2nd quarter. Cornerstone Capital Management Holdings LLC. now owns 105,000 shares of the financial services provider’s stock worth $653,000 after acquiring an additional 42,100 shares in the last quarter. Voya Investment Management LLC increased its stake in shares of Gain Capital by 17.1% in the 2nd quarter. Voya Investment Management LLC now owns 25,712 shares of the financial services provider’s stock worth $160,000 after acquiring an additional 3,755 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in shares of Gain Capital by 0.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,169,088 shares of the financial services provider’s stock worth $13,513,000 after acquiring an additional 7,814 shares in the last quarter. 56.25% of the stock is owned by hedge funds and other institutional investors.
Several research analysts recently issued reports on GCAP shares. BidaskClub upgraded shares of Gain Capital from a “sell” rating to a “hold” rating in a research note on Thursday, November 2nd. TheStreet lowered shares of Gain Capital from a “b-” rating to a “c” rating in a research note on Thursday, October 26th. Zacks Investment Research lowered shares of Gain Capital from a “hold” rating to a “sell” rating in a research note on Tuesday, October 10th. Finally, Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $7.00 price target on shares of Gain Capital in a research note on Friday, October 6th. 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 presently has a consensus rating of “Hold” and an average target price of $7.58.
Gain Capital Holdings Inc (NYSE:GCAP) traded down $0.30 during trading hours on Tuesday, reaching $7.28. 352,800 shares of the company’s stock were exchanged, compared to its average volume of 300,995. The company has a market cap of $341.69, a price-to-earnings ratio of 22.29, a P/E/G ratio of 9.63 and a beta of 0.27. 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 Holdings Inc has a 1-year low of $5.56 and a 1-year high of $8.95.
Gain Capital (NYSE:GCAP) last released its quarterly earnings data on Thursday, October 26th. The financial services provider reported $0.05 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.06. The business had revenue of $81.30 million during the quarter, compared to analyst estimates of $79.86 million. Gain Capital had a net margin of 3.72% and a return on equity of 5.62%. Gain Capital’s revenue was up 12.6% compared to the same quarter last year. During the same period last year, the business earned ($0.11) EPS. sell-side analysts anticipate that Gain Capital Holdings Inc will post 0.1 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 21st. Shareholders of record on Monday, December 11th will be paid a dividend of $0.06 per share. The ex-dividend date is Friday, December 8th. This represents a $0.24 dividend on an annualized basis and a yield of 3.30%. Gain Capital’s dividend payout ratio is currently 80.00%.
In other Gain Capital news, Director Christopher Warren Calhoun sold 5,000 shares of the firm’s stock in a transaction dated Friday, October 27th. The shares were sold at an average price of $7.00, for a total transaction of $35,000.00. Following the completion of the sale, the director now directly owns 23,278 shares in the company, valued at approximately $162,946. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 5.60% of the stock is currently owned by company insiders.
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About Gain Capital
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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