Insider Selling: Global Assets Ltd Master Unloads 500,000 Shares of GAIN Capital Holdings Stock (GCAP)
GAIN Capital Holdings (NASDAQ:GCAP) major shareholder Global Assets Ltd Master sold 500,000 shares of GAIN Capital Holdings stock on the open market in a transaction dated Tuesday, January 21st. The stock was sold at an average price of $9.10, for a total transaction of $4,550,000.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Large shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.
GCAP has been the subject of a number of recent research reports. Analysts at Raymond James upgraded shares of GAIN Capital Holdings from a “market perform” rating to an “outperform” rating in a research note to investors on Monday, November 25th. They now have a $14.00 price target on the stock. Separately, analysts at Sandler O’Neill cut their price target on shares of GAIN Capital Holdings from $12.50 to $11.50 in a research note to investors on Friday, November 1st. They now have a “hold” rating on the stock. Finally, analysts at Sidoti initiated coverage on shares of GAIN Capital Holdings in a research note to investors on Tuesday, October 29th. They set a “buy” rating on the stock. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $13.50.
Shares of GAIN Capital Holdings (NASDAQ:GCAP) traded up 1.11% on Wednesday, hitting $9.10. The stock had a trading volume of 186,614 shares. GAIN Capital Holdings has a 52-week low of $3.97 and a 52-week high of $14.62. The stock’s 50-day moving average is $8.36 and its 200-day moving average is $9.04. The company has a market cap of $360.5 million and a price-to-earnings ratio of 14.68.
GAIN Capital Holdings (NASDAQ:GCAP) last released its earnings data on Thursday, October 31st. The company reported $0.13 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.12 by $0.01. The company had revenue of $60.60 million for the quarter, compared to the consensus estimate of $52.00 million. During the same quarter in the previous year, the company posted $0.09 earnings per share. The company’s revenue for the quarter was up 51.5% on a year-over-year basis. On average, analysts predict that GAIN Capital Holdings will post $0.76 earnings per share for the current fiscal year.
GAIN Capital Holdings Inc (NASDAQ:GCAP) is an independent provider of online forex trading.
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