Gain Capital Holdings Inc. (GCAP) Lowered to “Sell” at Zacks Investment Research
Gain Capital Holdings Inc. (NYSE:GCAP) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research note issued on Thursday.
According to Zacks, “institutional foreign exchange, trading and related services providing direct access to the global OTC foreign exchange markets, where participants trade directly with one another. Its trading platforms provide information and analytical tools that allow customers to identify, analyze and execute their trading strategies. GAIN also offers retail customers located outside the United States access to other global markets on an OTC basis, including the spot gold and silver markets, as well as equity indices and commodities. Its forex trading activities are regulated in the US by the Commodity Futures Trading Commission and the National Futures Association, in the UK by the Financial Services Authority, in Japan by the Financial Services Agency, in Hong Kong by the Securities and Futures Commission and in Australia by the Australian Securities and Investments Commission. GAIN Capital Holdings, Inc is based in Bedminster, New Jersey. “
Other analysts also recently issued reports about the stock. Jefferies Group reaffirmed a “buy” rating on shares of Gain Capital Holdings in a report on Thursday, August 4th. TheStreet downgraded shares of Gain Capital Holdings from a “buy” rating to a “hold” rating in a report on Monday, September 12th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $8.06.
This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at http://www.americanbankingnews.com/2016/10/13/gain-capital-holdings-inc-gcap-lowered-to-sell-at-zacks-investment-research.html
Shares of Gain Capital Holdings (NYSE:GCAP) traded down 3.42% during mid-day trading on Thursday, reaching $5.65. The company’s stock had a trading volume of 220,793 shares. The company’s 50-day moving average is $6.24 and its 200 day moving average is $6.55. Gain Capital Holdings has a 12 month low of $5.59 and a 12 month high of $8.48. The firm has a market cap of $274.81 million, a price-to-earnings ratio of 8.93 and a beta of -0.01.
Gain Capital Holdings (NYSE:GCAP) last posted its quarterly earnings data on Thursday, August 4th. The company reported $0.27 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.25 by $0.02. Gain Capital Holdings had a net margin of 9.34% and a return on equity of 21.66%. The company earned $108.30 million during the quarter, compared to the consensus estimate of $104.70 million. During the same period in the previous year, the firm posted $0.01 EPS. The firm’s revenue was down 2.9% compared to the same quarter last year. On average, equities analysts anticipate that Gain Capital Holdings will post $0.87 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 20th. Shareholders of record on Tuesday, September 13th were paid a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 3.54%. The ex-dividend date of this dividend was Friday, September 9th. Gain Capital Holdings’s dividend payout ratio is presently 22.99%.
A number of hedge funds have recently bought and sold shares of GCAP. Mycio Wealth Partners LLC boosted its position in Gain Capital Holdings by 0.8% in the second quarter. Mycio Wealth Partners LLC now owns 16,301 shares of the company’s stock worth $103,000 after buying an additional 126 shares during the last quarter. Prudential Financial Inc. boosted its position in Gain Capital Holdings by 0.3% in the second quarter. Prudential Financial Inc. now owns 99,464 shares of the company’s stock worth $629,000 after buying an additional 300 shares during the last quarter. Nationwide Fund Advisors boosted its position in Gain Capital Holdings by 1.5% in the second quarter. Nationwide Fund Advisors now owns 43,239 shares of the company’s stock worth $273,000 after buying an additional 657 shares during the last quarter. Foundry Partners LLC boosted its position in Gain Capital Holdings by 0.3% in the second quarter. Foundry Partners LLC now owns 470,960 shares of the company’s stock worth $2,976,000 after buying an additional 1,375 shares during the last quarter. Finally, American International Group Inc. boosted its position in Gain Capital Holdings by 13.6% in the second quarter. American International Group Inc. now owns 21,468 shares of the company’s stock worth $136,000 after buying an additional 2,569 shares during the last quarter. 50.57% of the stock is owned by institutional investors and hedge funds.
About Gain Capital Holdings
GAIN Capital Holdings, Inc 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, Futures segment, and Corporate and other. The retail segment provides its retail customers with access to a range of global financial markets, including spot foreign exchange (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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Gain Capital Holdings Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Gain Capital Holdings Inc. and related companies with MarketBeat.com's FREE daily email newsletter.