GAIN Capital Holdings, Inc. (NYSE:GCAP) was downgraded by Zacks Investment Research from a “buy” rating to a “sell” rating in a note issued to investors on Tuesday.

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. “

GCAP has been the topic of a number of other research reports. Keefe, Bruyette & Woods restated a “hold” rating and issued a $7.50 price objective on shares of GAIN Capital Holdings in a report on Monday, April 10th. TheStreet downgraded GAIN Capital Holdings from a “b-” rating to a “c” rating in a report on Thursday, May 4th. Finally, Jefferies Group LLC restated a “buy” rating and issued a $10.00 price objective on shares of GAIN Capital Holdings in a report on Wednesday, April 12th.

Shares of GAIN Capital Holdings (NYSE GCAP) traded up 2.20% on Tuesday, reaching $6.49. 115,411 shares of the company’s stock were exchanged. GAIN Capital Holdings has a 12 month low of $4.54 and a 12 month high of $8.75. The company has a market capitalization of $309.44 million, a P/E ratio of 59.00 and a beta of 0.28. The firm’s 50 day moving average price is $6.04 and its 200-day moving average price is $7.06.

GAIN Capital Holdings (NYSE:GCAP) last issued its earnings results on Thursday, May 4th. The financial services provider reported ($0.39) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.23) by $0.16. The business had revenue of $59.60 million during the quarter, compared to analyst estimates of $63.29 million. GAIN Capital Holdings had a net margin of 2.25% and a return on equity of 3.27%. GAIN Capital Holdings’s revenue for the quarter was down 48.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.35 EPS. On average, equities analysts anticipate that GAIN Capital Holdings will post $0.21 EPS for the current year.

GAIN Capital Holdings declared that its board has approved a share repurchase program on Wednesday, May 17th that permits the company to repurchase $35.00 million in outstanding shares. This repurchase authorization permits the financial services provider to buy up to 12.7% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s board believes its stock is undervalued.

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In other GAIN Capital Holdings news, Director Christopher Warren Calhoun sold 5,000 shares of the stock in a transaction that occurred on Thursday, July 13th. The stock was sold at an average price of $6.58, for a total transaction of $32,900.00. Following the transaction, the director now owns 55,149 shares in the company, valued at $362,880.42. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, major shareholder Senvest Management, Llc sold 50,000 shares of the stock in a transaction that occurred on Tuesday, May 9th. The shares were sold at an average price of $5.94, for a total value of $297,000.00. The disclosure for this sale can be found here. Insiders sold 62,634 shares of company stock worth $375,722 in the last 90 days. 5.60% of the stock is currently owned by corporate insiders.

Institutional investors have recently made changes to their positions in the stock. Alliancebernstein L.P. increased its position in shares of GAIN Capital Holdings by 1.2% in the first quarter. Alliancebernstein L.P. now owns 25,100 shares of the financial services provider’s stock valued at $209,000 after buying an additional 300 shares during the period. American International Group Inc. increased its position in shares of GAIN Capital Holdings by 7.0% in the first quarter. American International Group Inc. now owns 22,956 shares of the financial services provider’s stock valued at $191,000 after buying an additional 1,511 shares during the period. Metropolitan Life Insurance Co. NY increased its position in shares of GAIN Capital Holdings by 14.8% in the first quarter. Metropolitan Life Insurance Co. NY now owns 28,588 shares of the financial services provider’s stock valued at $238,000 after buying an additional 3,689 shares during the period. Los Angeles Capital Management & Equity Research Inc. increased its position in shares of GAIN Capital Holdings by 18.5% in the first quarter. Los Angeles Capital Management & Equity Research Inc. now owns 24,592 shares of the financial services provider’s stock valued at $205,000 after buying an additional 3,832 shares during the period. Finally, Renaissance Technologies LLC increased its position in shares of 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. Institutional investors own 51.58% of the company’s stock.

GAIN Capital Holdings Company Profile

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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