GAIN Capital Holdings, Inc. (GCAP) Upgraded to “Hold” by BidaskClub

BidaskClub upgraded shares of GAIN Capital Holdings, Inc. (NYSE:GCAP) from a sell rating to a hold rating in a report published on Thursday.

GCAP has been the subject of several other research reports. Zacks Investment Research lowered shares of GAIN Capital Holdings from a hold rating to a sell rating in a research note on Tuesday, October 10th. Keefe, Bruyette & Woods restated a hold rating and set a $7.00 price target on shares of GAIN Capital Holdings in a research note on Friday, October 6th. TheStreet upgraded shares of GAIN Capital Holdings from a c rating to a b- rating in a research note on Monday, August 7th. Finally, Jefferies Group LLC restated a buy rating and set a $8.50 price target (down previously from $9.00) on shares of GAIN Capital Holdings in a research note on Friday, August 4th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and one has assigned a buy rating to the company’s stock. GAIN Capital Holdings has a consensus rating of Hold and an average target price of $7.58.

Shares of GAIN Capital Holdings (NYSE GCAP) traded down $0.11 during mid-day trading on Thursday, hitting $6.97. 315,527 shares of the stock traded hands, compared to its average volume of 402,244. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.23 and a current ratio of 1.23. The company has a market cap of $329.28, a PE ratio of 20.50, a price-to-earnings-growth ratio of 8.85 and a beta of 0.28.

GAIN Capital Holdings (NYSE:GCAP) last issued its quarterly earnings results on Thursday, October 26th. The financial services provider reported $0.05 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.01) by $0.06. GAIN Capital Holdings had a net margin of 3.72% and a return on equity of 5.63%. The company had revenue of $81.30 million during the quarter, compared to analyst estimates of $79.86 million. During the same quarter last year, the business posted ($0.11) EPS. GAIN Capital Holdings’s quarterly revenue was up 12.6% compared to the same quarter last year. equities research analysts expect that GAIN Capital Holdings will post 0.1 EPS for the current year.

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The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 21st. Investors of record on Monday, December 11th will be paid a $0.06 dividend. The ex-dividend date is Friday, December 8th. This represents a $0.24 dividend on an annualized basis and a yield of 3.44%. GAIN Capital Holdings’s dividend payout ratio is 80.00%.

In other GAIN Capital Holdings news, major shareholder Ltd Ipgl acquired 36,675 shares of GAIN Capital Holdings stock in a transaction that occurred on Monday, August 21st. The stock was acquired at an average cost of $6.25 per share, for a total transaction of $229,218.75. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Christopher Warren Calhoun sold 5,000 shares of GAIN Capital Holdings stock in a transaction that occurred on Monday, August 14th. The shares were sold at an average price of $6.87, for a total transaction of $34,350.00. Following the completion of the transaction, the director now owns 25,149 shares of the company’s stock, valued at $172,773.63. The disclosure for this sale can be found here. Over the last quarter, insiders purchased 200,000 shares of company stock valued at $1,244,594 and sold 25,000 shares valued at $174,350. 5.00% of the stock is currently owned by insiders.

A number of institutional investors have recently added to or reduced their stakes in GCAP. Principal Financial Group Inc. purchased a new position in GAIN Capital Holdings in the 2nd quarter valued at approximately $119,000. Martingale Asset Management L P grew its position in shares of GAIN Capital Holdings by 52.2% during the 2nd quarter. Martingale Asset Management L P now owns 23,020 shares of the financial services provider’s stock valued at $144,000 after purchasing an additional 7,900 shares in the last quarter. Alpine Woods Capital Investors LLC purchased a new position in shares of GAIN Capital Holdings during the 2nd quarter valued at $155,000. Voya Investment Management LLC grew its position in shares of GAIN Capital Holdings by 17.1% during the 2nd quarter. Voya Investment Management LLC now owns 25,712 shares of the financial services provider’s stock valued at $160,000 after purchasing an additional 3,755 shares in the last quarter. Finally, American International Group Inc. grew its position in shares of GAIN Capital Holdings by 7.0% during the 1st quarter. American International Group Inc. now owns 22,956 shares of the financial services provider’s stock valued at $191,000 after purchasing an additional 1,511 shares in the last quarter. Institutional investors and hedge funds own 53.26% of the company’s stock.

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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