Insider Selling: Glenn Henry Stevens Unloads 62,500 Shares of GAIN Capital Holdings Stock (GCAP)
GAIN Capital Holdings (NASDAQ:GCAP) CEO Glenn Henry Stevens sold 62,500 shares of the stock in a transaction dated Wednesday, February 26th. The stock was sold at an average price of $9.31, for a total transaction of $581,875.00. Following the completion of the sale, the chief executive officer now directly owns 852,489 shares of the company’s stock, valued at approximately $7,936,673. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.
Separately, analysts at Jefferies Group initiated coverage on shares of GAIN Capital Holdings in a research note on Monday, January 27th. They set a “buy” rating and a $11.00 price target on the stock. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. GAIN Capital Holdings currently has an average rating of “Buy” and a consensus price target of $12.88.
GAIN Capital Holdings Inc (NASDAQ:GCAP) is an independent provider of online forex trading.
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