$94.27 Million in Sales Expected for GAIN Capital Holdings, Inc. (NYSE:GCAP) This Quarter
Equities research analysts expect GAIN Capital Holdings, Inc. (NYSE:GCAP) to report $94.27 million in sales for the current fiscal quarter, according to Zacks Investment Research. Two analysts have made estimates for GAIN Capital Holdings’ earnings. The highest sales estimate is $98.00 million and the lowest is $90.53 million. GAIN Capital Holdings reported sales of $108.30 million in the same quarter last year, which would suggest a negative year over year growth rate of 13%. The firm is expected to report its next earnings report on Thursday, August 3rd.
According to Zacks, analysts expect that GAIN Capital Holdings will report full year sales of $94.27 million for the current fiscal year, with estimates ranging from $340.00 million to $342.24 million. For the next fiscal year, analysts anticipate that the company will report sales of $373.38 million per share, with estimates ranging from $369.75 million to $377.00 million. Zacks Investment Research’s sales averages are an average based on a survey of analysts that follow GAIN Capital Holdings.
GAIN Capital Holdings (NYSE:GCAP) last issued its quarterly earnings results on Thursday, May 4th. The financial services provider reported ($0.39) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.23) by $0.16. GAIN Capital Holdings had a return on equity of 3.27% and a net margin of 2.25%. The firm had revenue of $59.60 million during the quarter, compared to analysts’ expectations of $63.29 million. During the same quarter in the prior year, the firm earned $0.35 EPS. The firm’s revenue was down 48.4% compared to the same quarter last year.
A number of analysts recently issued reports on the stock. Zacks Investment Research downgraded shares of GAIN Capital Holdings from a “hold” rating to a “strong sell” rating in a research report on Tuesday, May 9th. Jefferies Group LLC upped their price target on GAIN Capital Holdings from $9.00 to $10.00 and gave the stock a “buy” rating in a report on Monday, May 8th. TheStreet cut GAIN Capital Holdings from a “b-” rating to a “c” rating in a report on Thursday, May 4th. Finally, Keefe, Bruyette & Woods restated a “hold” rating and issued a $7.50 price target on shares of GAIN Capital Holdings in a report on Monday, April 10th.
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In other news, major shareholder Senvest Management, Llc sold 50,000 shares of the stock in a transaction that occurred on Tuesday, May 9th. The stock was sold at an average price of $5.94, for a total transaction of $297,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Samantha Roady sold 4,933 shares of the stock in a transaction that occurred on Monday, May 8th. The shares were sold at an average price of $6.02, for a total value of $29,696.66. Following the transaction, the insider now owns 269,055 shares of the company’s stock, valued at $1,619,711.10. The disclosure for this sale can be found here. In the last 90 days, insiders sold 57,634 shares of company stock valued at $342,822. 5.00% of the stock is owned by company insiders.
Several institutional investors have recently added to or reduced their stakes in GCAP. Russell Investments Group Ltd. acquired a new position in GAIN Capital Holdings during the fourth quarter valued at approximately $930,000. State Street Corp boosted its position in GAIN Capital Holdings by 6.9% in the fourth quarter. State Street Corp now owns 759,616 shares of the financial services provider’s stock valued at $4,998,000 after buying an additional 49,099 shares during the period. Dimensional Fund Advisors LP boosted its position in GAIN Capital Holdings by 7.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,954,947 shares of the financial services provider’s stock valued at $12,864,000 after buying an additional 129,257 shares during the period. Renaissance Technologies LLC boosted its position in GAIN Capital Holdings by 1.7% in the fourth quarter. Renaissance Technologies LLC now owns 587,200 shares of the financial services provider’s stock valued at $3,864,000 after buying an additional 9,600 shares during the period. Finally, Two Sigma Investments LP boosted its position in GAIN Capital Holdings by 505.1% in the fourth quarter. Two Sigma Investments LP now owns 193,856 shares of the financial services provider’s stock valued at $1,276,000 after buying an additional 161,821 shares during the period. Institutional investors own 51.58% of the company’s stock.
GAIN Capital Holdings (NYSE:GCAP) opened at 6.52 on Friday. The company has a 50-day moving average of $5.88 and a 200-day moving average of $7.09. The stock has a market cap of $310.87 million, a P/E ratio of 59.27 and a beta of 0.28. GAIN Capital Holdings has a 52 week low of $4.54 and a 52 week high of $8.75.
The business also recently declared a quarterly dividend, which was paid on Tuesday, June 20th. Shareholders of record on Tuesday, June 13th were issued a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a yield of 3.68%. The ex-dividend date of this dividend was Friday, June 9th. GAIN Capital Holdings’s dividend payout ratio is presently 218.20%.
About GAIN Capital Holdings
GAIN Capital Holdings, Inc (GAIN) 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 and Futures segment. Through its retail segment, the Company provides its retail customers across the world with access to a range of global financial markets, including spot 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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