Equities analysts expect GAIN Capital Holdings, Inc. (NYSE:GCAP) to report earnings per share (EPS) of $0.19 for the current quarter, Zacks reports. Two analysts have made estimates for GAIN Capital Holdings’ earnings. The lowest EPS estimate is $0.15 and the highest is $0.23. GAIN Capital Holdings reported earnings of $0.27 per share during the same quarter last year, which would suggest a negative year-over-year growth rate of 29.6%. The firm is scheduled to issue its next quarterly earnings report on Thursday, August 3rd.
On average, analysts expect that GAIN Capital Holdings will report full-year earnings of $0.13 per share for the current fiscal year. For the next fiscal year, analysts forecast that the company will report earnings of $0.70 per share, with EPS estimates ranging from $0.65 to $0.75. Zacks’ EPS calculations are an average based on a survey of research analysts that cover GAIN Capital Holdings.
GAIN Capital Holdings (NYSE:GCAP) last announced its quarterly earnings data on Thursday, May 4th. The financial services provider reported ($0.39) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.23) by $0.16. GAIN Capital Holdings had a return on equity of 3.27% and a net margin of 2.25%. The firm had revenue of $59.60 million during the quarter, compared to the consensus estimate of $63.29 million. During the same period last year, the company earned $0.35 EPS. The firm’s revenue for the quarter was down 48.4% compared to the same quarter last year.
GCAP has been the subject of several research reports. Zacks Investment Research downgraded shares of GAIN Capital Holdings from a “strong-buy” rating to a “hold” rating in a report on Thursday, April 13th. Jefferies Group LLC lifted their target price on shares of GAIN Capital Holdings from $9.00 to $10.00 and gave the company a “buy” rating in a report on Monday, May 8th. TheStreet downgraded shares of GAIN Capital Holdings from a “b-” rating to a “c” rating in a report on Thursday, May 4th. Finally, Keefe, Bruyette & Woods restated a “hold” rating and issued a $7.00 price target on shares of GAIN Capital Holdings in a research note on Friday, May 5th.
Shares of GAIN Capital Holdings (NYSE GCAP) traded down 2.61% on Friday, reaching $6.35. The company had a trading volume of 190,661 shares. The company’s 50 day moving average price is $5.88 and its 200-day moving average price is $7.09. GAIN Capital Holdings has a 1-year low of $4.54 and a 1-year high of $8.75. The stock has a market capitalization of $302.77 million, a P/E ratio of 57.73 and a beta of 0.28.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 20th. Shareholders of record on Tuesday, June 13th were paid a $0.06 dividend. The ex-dividend date of this dividend was Friday, June 9th. This represents a $0.24 annualized dividend and a dividend yield of 3.78%. GAIN Capital Holdings’s dividend payout ratio (DPR) is 218.20%.
GAIN Capital Holdings declared that its board has approved a stock buyback program on Wednesday, May 17th that allows the company to repurchase $35.00 million in shares. This repurchase authorization allows the financial services provider to reacquire up to 12.7% of its stock through open market purchases. Stock repurchase programs are usually an indication that the company’s leadership believes its stock is undervalued.
In other news, Director Christopher Warren Calhoun sold 5,000 shares of GAIN Capital Holdings stock in a transaction on Thursday, July 13th. The shares were sold at an average price of $6.58, for a total transaction of $32,900.00. Following the completion of the sale, the director now directly owns 55,149 shares of the company’s stock, valued at approximately $362,880.42. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, major shareholder Senvest Management, Llc sold 50,000 shares of GAIN Capital Holdings stock in a transaction on Tuesday, May 9th. The stock was sold at an average price of $5.94, for a total transaction of $297,000.00. The disclosure for this sale can be found here. In the last 90 days, insiders sold 62,634 shares of company stock valued at $375,722. Insiders own 5.60% of the company’s stock.
Several large investors have recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP boosted its stake in GAIN Capital Holdings by 10.6% in the first quarter. Dimensional Fund Advisors LP now owns 2,161,274 shares of the financial services provider’s stock valued at $18,003,000 after buying an additional 206,327 shares during the period. Acadian Asset Management LLC boosted its stake in shares of 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 during the period. Vanguard Group Inc. boosted its stake in shares of GAIN Capital Holdings by 8.5% in the first quarter. Vanguard Group Inc. now owns 1,273,862 shares of the financial services provider’s stock worth $10,611,000 after buying an additional 99,492 shares during the period. Signia Capital Management LLC boosted its stake in shares of GAIN Capital Holdings by 68.2% in the first quarter. Signia Capital Management LLC now owns 873,092 shares of the financial services provider’s stock worth $7,272,000 after buying an additional 354,056 shares during the period. Finally, State Street Corp boosted its stake in shares of 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 during the period. 51.58% of the stock is owned by institutional investors and hedge funds.
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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