GAIN Capital Holdings, Inc. (NYSE:GCAP) insider Samantha Roady sold 3,597 shares of the firm’s stock in a transaction on Tuesday, July 18th. The stock was sold at an average price of $6.50, for a total value of $23,380.50. Following the sale, the insider now directly owns 262,757 shares in the company, valued at approximately $1,707,920.50. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.
Samantha Roady also recently made the following trade(s):
- On Wednesday, July 19th, Samantha Roady sold 1,403 shares of GAIN Capital Holdings stock. The stock was sold at an average price of $6.52, for a total value of $9,147.56.
- On Tuesday, May 30th, Samantha Roady sold 2,701 shares of GAIN Capital Holdings stock. The stock was sold at an average price of $5.97, for a total value of $16,124.97.
- On Monday, May 8th, Samantha Roady sold 4,933 shares of GAIN Capital Holdings stock. The stock was sold at an average price of $6.02, for a total value of $29,696.66.
GAIN Capital Holdings, Inc. (NYSE:GCAP) traded up 0.75% during mid-day trading on Friday, hitting $6.71. The company’s stock had a trading volume of 46,647 shares. The firm has a 50 day moving average of $6.08 and a 200-day moving average of $7.06. GAIN Capital Holdings, Inc. has a 52-week low of $4.54 and a 52-week high of $8.75. The firm has a market cap of $319.93 million, a price-to-earnings ratio of 61.00 and a beta of 0.28.
GAIN Capital Holdings (NYSE:GCAP) last released its quarterly earnings data on Thursday, May 4th. The financial services provider reported ($0.39) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.23) by $0.16. The company had revenue of $59.60 million for the quarter, compared to the consensus estimate of $63.29 million. GAIN Capital Holdings had a return on equity of 3.27% and a net margin of 2.25%. GAIN Capital Holdings’s revenue for the quarter was down 48.4% compared to the same quarter last year. During the same period last year, the company earned $0.35 EPS. On average, equities research analysts expect that GAIN Capital Holdings, Inc. will post $0.21 EPS for the current fiscal year.
GAIN Capital Holdings declared that its board has initiated a share buyback 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 reacquire up to 12.7% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s board of directors believes its shares are undervalued.
Several analysts recently commented on the company. Zacks Investment Research downgraded GAIN Capital Holdings from a “buy” rating to a “sell” rating in a research note on Tuesday. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $7.50 price objective on shares of GAIN Capital Holdings in a research note on Monday, April 10th. 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 reaffirmed a “buy” rating and set a $10.00 price objective on shares of GAIN Capital Holdings in a research note on Wednesday, April 12th.
Institutional investors have recently added to or reduced their stakes in the company. Oxford Asset Management bought a new position in GAIN Capital Holdings during the first quarter worth about $824,000. Eagle Global Advisors LLC bought a new position in GAIN Capital Holdings during the first quarter worth about $153,000. Trexquant Investment LP boosted its position in GAIN Capital Holdings by 53.0% in the first quarter. Trexquant Investment LP now owns 43,897 shares of the financial services provider’s stock worth $366,000 after buying an additional 15,197 shares during the period. Virginia Retirement Systems ET AL bought a new position in GAIN Capital Holdings during the first quarter worth about $1,064,000. Finally, American Century Companies Inc. boosted its position in GAIN Capital Holdings by 6.0% in the first quarter. American Century Companies Inc. now owns 271,149 shares of the financial services provider’s stock worth $2,259,000 after buying an additional 15,374 shares during the period. 51.58% of the stock is currently owned by institutional investors.
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.
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