IndexIQ Advisors LLC Buys 47,205 Shares of GAIN Capital Holdings, Inc. (GCAP)

IndexIQ Advisors LLC grew its stake in GAIN Capital Holdings, Inc. (NYSE:GCAP) by 83.0% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 104,048 shares of the financial services provider’s stock after purchasing an additional 47,205 shares during the period. IndexIQ Advisors LLC owned about 0.22% of GAIN Capital Holdings worth $665,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in the business. Foundry Partners LLC boosted its position in GAIN Capital Holdings by 5.9% in the 3rd quarter. Foundry Partners LLC now owns 391,495 shares of the financial services provider’s stock worth $2,502,000 after purchasing an additional 21,700 shares in the last quarter. Public Employees Retirement System of Ohio purchased a new stake in GAIN Capital Holdings in the 2nd quarter worth approximately $241,000. Susquehanna International Group LLP boosted its position in GAIN Capital Holdings by 28.7% in the 2nd quarter. Susquehanna International Group LLP now owns 41,782 shares of the financial services provider’s stock worth $261,000 after purchasing an additional 9,309 shares in the last quarter. The Manufacturers Life Insurance Company boosted its position in GAIN Capital Holdings by 4.1% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 31,792 shares of the financial services provider’s stock worth $198,000 after purchasing an additional 1,238 shares in the last quarter. Finally, Luzich Partners LLC boosted its position in GAIN Capital Holdings by 14.8% in the 2nd quarter. Luzich Partners LLC now owns 1,415,878 shares of the financial services provider’s stock worth $8,821,000 after purchasing an additional 182,030 shares in the last quarter. Institutional investors and hedge funds own 52.69% of the company’s stock.

GAIN Capital Holdings, Inc. (NYSE:GCAP) opened at $7.25 on Tuesday. GAIN Capital Holdings, Inc. has a 52-week low of $5.56 and a 52-week high of $8.75. The stock has a market capitalization of $324.11, a P/E ratio of 21.15, a PEG ratio of 9.13 and a beta of 0.28. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.24 and a current ratio of 1.24.

GAIN Capital Holdings (NYSE:GCAP) last announced its earnings results on Thursday, October 26th. The financial services provider reported $0.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.06. GAIN Capital Holdings had a return on equity of 5.62% and a net margin of 3.72%. The firm had revenue of $81.30 million for the quarter, compared to analyst estimates of $79.86 million. During the same quarter last year, the firm posted ($0.11) EPS. The business’s revenue was up 12.6% on a year-over-year basis. analysts expect that GAIN Capital Holdings, Inc. will post 0.1 earnings per share for the current fiscal year.

The company 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. This represents a $0.24 annualized dividend and a yield of 3.31%. The ex-dividend date is Friday, December 8th. GAIN Capital Holdings’s dividend payout ratio is currently 80.00%.

A number of brokerages have recently issued reports on GCAP. TheStreet upgraded GAIN Capital Holdings from a “c” rating to a “b-” rating in a research report on Monday, August 7th. Jefferies Group LLC reiterated a “buy” rating and set a $8.50 target price (down previously from $9.00) on shares of GAIN Capital Holdings in a research report on Friday, August 4th. Keefe, Bruyette & Woods reiterated a “hold” rating and set a $7.00 target price on shares of GAIN Capital Holdings in a research report on Friday, October 6th. BidaskClub lowered GAIN Capital Holdings from a “buy” rating to a “hold” rating in a research report on Tuesday, August 22nd. Finally, Zacks Investment Research lowered GAIN Capital Holdings from a “hold” rating to a “sell” rating in a research report on Tuesday, October 10th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and one has assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $7.58.

In other news, major shareholder Ltd Ipgl acquired 92,019 shares of GAIN Capital Holdings stock in a transaction that occurred on Tuesday, September 5th. The stock was purchased at an average cost of $6.23 per share, with a total value of $573,278.37. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Christopher Warren Calhoun sold 5,000 shares of the stock in a transaction on Friday, October 27th. The shares were sold at an average price of $7.00, for a total value of $35,000.00. Following the completion of the transaction, the director now directly owns 23,278 shares of the company’s stock, valued at $162,946. The disclosure for this sale can be found here. Over the last three months, insiders purchased 200,000 shares of company stock valued at $1,244,594. 5.60% of the stock is owned by corporate insiders.

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GAIN Capital Holdings 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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Institutional Ownership by Quarter for GAIN Capital Holdings (NYSE:GCAP)

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