Public Employees Retirement System of Ohio reduced its stake in Gain Capital Holdings Inc (NYSE:GCAP) by 34.0% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 25,509 shares of the financial services provider’s stock after selling 13,114 shares during the quarter. Public Employees Retirement System of Ohio owned about 0.06% of Gain Capital worth $163,000 at the end of the most recent reporting period.
A number of other institutional investors also recently added to or reduced their stakes in the business. GSA Capital Partners LLP bought a new position in Gain Capital in the 3rd quarter valued at about $467,000. California Public Employees Retirement System raised its holdings in Gain Capital by 11.4% in the 3rd quarter. California Public Employees Retirement System now owns 166,773 shares of the financial services provider’s stock valued at $1,066,000 after acquiring an additional 17,073 shares during the period. Signia Capital Management LLC raised its holdings in Gain Capital by 2.2% in the 3rd quarter. Signia Capital Management LLC now owns 871,047 shares of the financial services provider’s stock valued at $5,566,000 after acquiring an additional 19,143 shares during the period. Weber Alan W raised its holdings in Gain Capital by 25.4% in the 3rd quarter. Weber Alan W now owns 395,000 shares of the financial services provider’s stock valued at $2,524,000 after acquiring an additional 80,000 shares during the period. Finally, Wells Fargo & Company MN raised its holdings in Gain Capital by 56.3% in the 3rd quarter. Wells Fargo & Company MN now owns 38,823 shares of the financial services provider’s stock valued at $248,000 after acquiring an additional 13,981 shares during the period. 56.25% of the stock is currently owned by hedge funds and other institutional investors.
Gain Capital Holdings Inc (NYSE GCAP) opened at $9.02 on Tuesday. Gain Capital Holdings Inc has a fifty-two week low of $5.56 and a fifty-two week high of $13.26. The company has a market cap of $439.51, a P/E ratio of 30.07, a PEG ratio of 1.85 and a beta of 0.26. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 0.45.
The firm also recently announced a quarterly dividend, which was paid on Thursday, December 21st. Stockholders of record on Monday, December 11th were issued a dividend of $0.06 per share. The ex-dividend date was Friday, December 8th. This represents a $0.24 annualized dividend and a dividend yield of 2.66%. Gain Capital’s dividend payout ratio is presently 80.00%.
Several research analysts have weighed in on GCAP shares. Zacks Investment Research cut shares of Gain Capital from a “hold” rating to a “sell” rating in a report on Tuesday, October 10th. BidaskClub cut shares of Gain Capital from a “hold” rating to a “sell” rating in a report on Monday, October 23rd. TheStreet cut shares of Gain Capital from a “b-” rating to a “c” rating in a report on Thursday, October 26th. Finally, Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $7.00 target price on shares of Gain Capital in a report on Friday, October 6th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and one has issued a buy rating to the company’s stock. Gain Capital has a consensus rating of “Hold” and a consensus target price of $7.58.
In related news, General Counsel Diego Rotsztain sold 49,149 shares of the stock in a transaction that occurred on Thursday, December 28th. The shares were sold at an average price of $9.00, for a total transaction of $442,341.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Christopher Warren Calhoun sold 5,000 shares of the stock in a transaction that occurred on Friday, October 27th. The stock was sold at an average price of $7.00, for a total transaction of $35,000.00. Following the sale, the director now owns 23,278 shares in the company, valued at approximately $162,946. The disclosure for this sale can be found here. Insiders have sold 103,298 shares of company stock worth $919,682 over the last ninety days. Insiders own 5.60% of the company’s stock.
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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