Gain Capital Holdings Inc (NYSE:GCAP) declared a quarterly dividend on Thursday, July 25th, Zacks reports. Shareholders of record on Monday, September 23rd will be given a dividend of 0.06 per share by the financial services provider on Friday, September 27th. This represents a $0.24 dividend on an annualized basis and a yield of 4.08%. The ex-dividend date of this dividend is Friday, September 20th.
Gain Capital has raised its dividend payment by an average of 6.3% annually over the last three years. Gain Capital has a payout ratio of 37.5% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Gain Capital to earn $0.72 per share next year, which means the company should continue to be able to cover its $0.24 annual dividend with an expected future payout ratio of 33.3%.
Shares of GCAP stock traded up $0.38 during trading on Wednesday, hitting $5.89. 143,185 shares of the stock traded hands, compared to its average volume of 218,630. The firm has a market capitalization of $212.03 million, a P/E ratio of 8.78 and a beta of 0.65. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.30 and a quick ratio of 1.30. The firm’s fifty day moving average price is $4.60 and its 200-day moving average price is $5.00. Gain Capital has a 52-week low of $3.75 and a 52-week high of $7.89.
Gain Capital (NYSE:GCAP) last released its quarterly earnings results on Thursday, July 25th. The financial services provider reported $0.10 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.06) by $0.16. The firm had revenue of $75.50 million for the quarter, compared to analyst estimates of $73.33 million. Gain Capital had a negative net margin of 6.15% and a negative return on equity of 5.36%. The business’s revenue for the quarter was down 10.3% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.10 EPS. As a group, equities research analysts expect that Gain Capital will post -0.49 earnings per share for the current year.
Several research firms have commented on GCAP. Sandler O’Neill set a $5.00 price target on shares of Gain Capital and gave the stock a “buy” rating in a research note on Tuesday, September 10th. JPMorgan Chase & Co. raised shares of Gain Capital from a “neutral” rating to an “overweight” rating and raised their price objective for the stock from $5.50 to $6.00 in a report on Thursday, August 15th. TheStreet lowered shares of Gain Capital from a “c-” rating to a “d+” rating in a report on Monday, June 10th. Zacks Investment Research raised shares of Gain Capital from a “hold” rating to a “strong-buy” rating and set a $5.00 price objective for the company in a report on Monday, August 19th. Finally, B. Riley assumed coverage on shares of Gain Capital in a report on Wednesday. They issued a “buy” rating and a $7.00 price target for the company. Four equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. Gain Capital currently has a consensus rating of “Buy” and a consensus price target of $5.75.
About Gain Capital
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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