Gain Capital Holdings Inc. (NYSE:GCAP) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a report 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. “

Several other research analysts also recently issued reports on GCAP. TheStreet downgraded Gain Capital Holdings from a “buy” rating to a “hold” rating in a research note on Monday, September 12th. Jefferies Group reaffirmed a “buy” rating on shares of Gain Capital Holdings in a research note on Thursday, August 4th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company. The company has an average rating of “Hold” and an average price target of $8.06.

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Gain Capital Holdings (NYSE:GCAP) traded down 3.42% during trading on Thursday, hitting $5.65. 220,793 shares of the company traded hands. The company’s 50-day moving average is $6.24 and its 200 day moving average is $6.55. Gain Capital Holdings has a 52-week low of $5.59 and a 52-week 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 issued its earnings results on Thursday, August 4th. The company reported $0.27 EPS for the quarter, topping the consensus estimate of $0.25 by $0.02. The company had revenue of $108.30 million for the quarter, compared to analyst estimates of $104.70 million. Gain Capital Holdings had a net margin of 9.34% and a return on equity of 21.66%. The business’s revenue was down 2.9% on a year-over-year basis. During the same period in the previous year, the firm earned $0.01 EPS. On average, equities analysts anticipate that Gain Capital Holdings will post $0.87 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 20th. Investors 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 was Friday, September 9th. Gain Capital Holdings’s payout ratio is 22.99%.

A number of hedge funds and other institutional investors have recently made changes to their positions in GCAP. Bank of Montreal Can purchased a new position in shares of Gain Capital Holdings during the second quarter valued at $12,188,000. Dimensional Fund Advisors LP boosted its stake in Gain Capital Holdings by 11.0% in the second quarter. Dimensional Fund Advisors LP now owns 1,776,092 shares of the company’s stock valued at $11,225,000 after buying an additional 175,854 shares during the period. Vanguard Group Inc. boosted its stake in Gain Capital Holdings by 3.2% in the second quarter. Vanguard Group Inc. now owns 1,130,232 shares of the company’s stock valued at $7,143,000 after buying an additional 35,141 shares during the period. BlackRock Fund Advisors boosted its stake in Gain Capital Holdings by 18.7% in the second quarter. BlackRock Fund Advisors now owns 960,491 shares of the company’s stock valued at $6,070,000 after buying an additional 151,127 shares during the period. Finally, Royce & Associates LP boosted its stake in Gain Capital Holdings by 13.6% in the first quarter. Royce & Associates LP now owns 921,000 shares of the company’s stock valued at $6,042,000 after buying an additional 110,000 shares during the period. 50.57% of the stock is owned by hedge funds and other institutional investors.

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.

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