Gain Capital Holdings Inc (NYSE:GCAP) General Counsel Diego Rotsztain sold 39,250 shares of the company’s stock in a transaction dated Tuesday, December 11th. The shares were sold at an average price of $7.34, for a total value of $288,095.00. Following the completion of the sale, the general counsel now directly owns 148,363 shares of the company’s stock, valued at $1,088,984.42. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.
GCAP opened at $7.31 on Friday. The company has a quick ratio of 1.39, a current ratio of 1.39 and a debt-to-equity ratio of 0.38. The company has a market cap of $323.70 million, a price-to-earnings ratio of -36.55, a P/E/G ratio of 1.10 and a beta of 0.10. Gain Capital Holdings Inc has a 52 week low of $6.08 and a 52 week high of $13.26.
Gain Capital (NYSE:GCAP) last posted its quarterly earnings data on Thursday, October 25th. The financial services provider reported $0.30 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.13 by $0.17. The firm had revenue of $95.50 million during the quarter, compared to the consensus estimate of $85.77 million. Gain Capital had a return on equity of 9.10% and a net margin of 25.74%. On average, equities research analysts expect that Gain Capital Holdings Inc will post 0.88 earnings per share for the current fiscal year.
A number of brokerages recently issued reports on GCAP. Zacks Investment Research raised Gain Capital from a “hold” rating to a “buy” rating and set a $8.50 target price for the company in a research report on Friday, October 26th. TheStreet raised Gain Capital from a “c” rating to a “b-” rating in a research report on Friday, October 26th. ValuEngine raised Gain Capital from a “hold” rating to a “buy” rating in a research report on Tuesday, October 16th. Finally, JPMorgan Chase & Co. began coverage on Gain Capital in a research report on Friday, August 31st. They issued a “neutral” rating and a $9.00 target price for the company. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Gain Capital presently has an average rating of “Hold” and a consensus target price of $8.75.
A number of institutional investors and hedge funds have recently bought and sold shares of the business. Bank of America Corp DE raised its stake in Gain Capital by 51.4% during the 2nd quarter. Bank of America Corp DE now owns 31,011 shares of the financial services provider’s stock valued at $234,000 after acquiring an additional 10,526 shares during the last quarter. Vident Investment Advisory LLC raised its stake in Gain Capital by 100.4% during the 3rd quarter. Vident Investment Advisory LLC now owns 24,814 shares of the financial services provider’s stock valued at $161,000 after acquiring an additional 12,432 shares during the last quarter. Renaissance Technologies LLC purchased a new stake in Gain Capital during the 3rd quarter valued at approximately $105,000. LMR Partners LLP purchased a new stake in Gain Capital during the 2nd quarter valued at approximately $146,000. Finally, Robotti Robert purchased a new stake in Gain Capital during the 3rd quarter valued at approximately $163,000. 52.16% of the stock is owned by hedge funds and other institutional investors.
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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 three segments: Retail, Institutional, and Futures. It specializes in over-the-counter (OTC) and exchange-traded markets.
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