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GFI Group (NASDAQ:GFIG) was downgraded by Zacks from a “neutral” rating to an “underperform” rating in a research report issued on Monday, Analyst RN reports. They currently have a $3.70 price target on the stock. Zacks‘ price target suggests a potential downside of 4.39% from the company’s current price.

In other GFI Group news, major shareholder Michael Gooch sold 100,000 shares of the stock in a transaction that occurred on Wednesday, February 5th. The shares were sold at an average price of $3.66, for a total value of $366,000.00. Following the transaction, the insider now directly owns 193,024 shares of the company’s stock, valued at approximately $706,468. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Large shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.

Shares of GFI Group (NASDAQ:GFIG) traded up 2.93% during mid-day trading on Monday, hitting $3.87. The stock had a trading volume of 211,777 shares. GFI Group has a 52 week low of $3.16 and a 52 week high of $4.58. The stock has a 50-day moving average of $3.86 and a 200-day moving average of $3.80.

GFI Group (NASDAQ:GFIG) last posted its quarterly earnings results on Wednesday, February 19th. The company reported ($0.05) EPS for the quarter, missing the Thomson Reuters consensus estimate of ($0.01) by $0.04. The company had revenue of $202.30 million for the quarter, compared to the consensus estimate of $200.38 million. During the same quarter in the prior year, the company posted ($0.02) earnings per share. The company’s quarterly revenue was down 2.4% on a year-over-year basis. Analysts expect that GFI Group will post $0.19 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which is scheduled for Friday, March 28th. Investors of record on Friday, March 14th will be given a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 5.17%. The ex-dividend date of this dividend is Wednesday, March 12th.

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.

To view Zacks’ full report, visit www.zacks.com

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