Insider Selling: J Christopher Giancarlo Unloads 62,300 Shares of GFI Group Stock (GFIG)
GFI Group (NASDAQ:GFIG) EVP J Christopher Giancarlo unloaded 62,300 shares of the stock in a transaction that occurred on Wednesday, September 18th. The stock was sold at an average price of $4.06, for a total value of $252,938.00. Following the transaction, the executive vice president now directly owns 13,995 shares of the company’s stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
GFIG has been the subject of a number of recent research reports. Analysts at BMO Capital Markets upgraded shares of GFI Group (NASDAQ:GFIG) from a “market perform” rating to an “outperform” rating in a research note to investors on Tuesday, September 3rd. They now have a $4.50 price target on the stock. Analysts at Zacks upgraded shares of GFI Group (NASDAQ:GFIG) from a “neutral” rating to an “outperform” rating in a research note to investors on Tuesday, July 30th. They now have a $4.60 price target on the stock.
One research analyst has rated the stock with a hold rating and three have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $4.57.
Shares of GFI Group (NASDAQ:GFIG) traded down 2.17% on Thursday, hitting $4.06. 153,907 shares of the company’s stock traded hands. GFI Group has a 52-week low of $2.38 and a 52-week high of $4.58. The stock’s 50-day moving average is $4.03 and its 200-day moving average is $3.91. The company’s market cap is $489.7 million.
GFI Group (NASDAQ:GFIG) last posted its quarterly earnings results on Thursday, July 25th. The company reported $0.06 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.06. The company had revenue of $241.10 million for the quarter, compared to the consensus estimate of $246.57 million. During the same quarter in the previous year, the company posted $0.02 earnings per share. The company’s revenue for the quarter was up 1.9% on a year-over-year basis. Analysts expect that GFI Group will post $0.19 EPS for the current fiscal year.
GFI Group Inc (NASDAQ:GFIG) is a provider of wholesale brokerage services, clearing services and electronic execution and trading support products for global financial markets.
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