Gain Capital Holdings Inc (NYSE:GCAP) had its price objective hoisted by Jefferies Group LLC from $9.00 to $10.00 in a research report report published on Monday, May 8th. They currently have a buy rating on the financial services provider’s stock.
A number of other analysts have also recently weighed in on GCAP. Zacks Investment Research upgraded Gain Capital Holdings from a hold rating to a buy rating and set a $9.00 price target on the stock in a research report on Thursday, March 9th. Keefe, Bruyette & Woods reiterated a hold rating on shares of Gain Capital Holdings in a research report on Monday, March 13th. Finally, TheStreet upgraded Gain Capital Holdings from a c+ rating to a b- rating in a research report on Friday, March 10th.
Gain Capital Holdings (NYSE:GCAP) last announced its quarterly earnings results on Thursday, May 4th. The financial services provider reported ($0.39) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.23) by $0.16. The company had revenue of $59.60 million for the quarter, compared to analyst estimates of $63.29 million. Gain Capital Holdings had a return on equity of 14.81% and a net margin of 7.51%. The firm’s revenue for the quarter was down 48.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.35 earnings per share.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 20th. Investors of record on Tuesday, June 13th will be given a $0.06 dividend. This represents a $0.24 annualized dividend and a yield of 4.04%. The ex-dividend date of this dividend is Friday, June 9th. Gain Capital Holdings’s dividend payout ratio is currently 42.11%.
In related news, major shareholder Senvest Management, Llc sold 50,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 9th. The stock was sold at an average price of $5.94, for a total value of $297,000.00. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Samantha Roady sold 4,933 shares of the firm’s stock in a transaction that occurred on Monday, May 8th. The shares were sold at an average price of $6.02, for a total value of $29,696.66. Following the completion of the sale, the insider now owns 269,055 shares in the company, valued at $1,619,711.10. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 92,625 shares of company stock worth $644,294. 5.00% of the stock is owned by insiders.
A number of hedge funds have recently bought and sold shares of GCAP. Goldman Sachs Group Inc. boosted its stake in Gain Capital Holdings by 85.7% in the first quarter. Goldman Sachs Group Inc. now owns 73,010 shares of the financial services provider’s stock valued at $608,000 after buying an additional 33,684 shares in the last quarter. Metropolitan Life Insurance Co. NY boosted its stake in Gain Capital Holdings by 14.8% in the first quarter. Metropolitan Life Insurance Co. NY now owns 28,588 shares of the financial services provider’s stock valued at $238,000 after buying an additional 3,689 shares in the last quarter. Bank of America Corp DE boosted its position in shares of Gain Capital Holdings by 40.6% in the first quarter. Bank of America Corp DE now owns 34,534 shares of the financial services provider’s stock valued at $287,000 after buying an additional 9,964 shares during the period. Renaissance Technologies LLC boosted its position in shares of Gain Capital Holdings by 11.1% in the first quarter. Renaissance Technologies LLC now owns 652,400 shares of the financial services provider’s stock valued at $5,434,000 after buying an additional 65,200 shares during the period. Finally, Morgan Stanley boosted its position in shares of Gain Capital Holdings by 4.5% in the first quarter. Morgan Stanley now owns 288,766 shares of the financial services provider’s stock valued at $2,405,000 after buying an additional 12,439 shares during the period. Hedge funds and other institutional investors own 47.86% of the company’s stock.
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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