Ltd Ipgl Acquires 71,306 Shares of GAIN Capital Holdings, Inc. (GCAP) Stock
GAIN Capital Holdings, Inc. (NYSE:GCAP) major shareholder Ltd Ipgl bought 71,306 shares of the firm’s stock in a transaction on Thursday, September 7th. The stock was bought at an average price of $6.20 per share, with a total value of $442,097.20. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Major shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.
Ltd Ipgl also recently made the following trade(s):
- On Tuesday, September 5th, Ltd Ipgl bought 92,019 shares of GAIN Capital Holdings stock. The stock was bought at an average price of $6.23 per share, with a total value of $573,278.37.
- On Monday, August 21st, Ltd Ipgl bought 36,675 shares of GAIN Capital Holdings stock. The stock was bought at an average price of $6.25 per share, with a total value of $229,218.75.
Shares of GAIN Capital Holdings, Inc. (GCAP) traded down 1.42% during trading on Monday, hitting $6.26. The stock had a trading volume of 119,446 shares. The stock has a market cap of $295.73 million, a price-to-earnings ratio of 27.46 and a beta of 0.33. The stock’s 50-day moving average price is $6.59 and its 200 day moving average price is $6.84. GAIN Capital Holdings, Inc. has a one year low of $4.54 and a one year high of $8.75.
GAIN Capital Holdings (NYSE:GCAP) last posted its quarterly earnings results on Thursday, August 3rd. The financial services provider reported $0.25 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.25. GAIN Capital Holdings had a net margin of 3.21% and a return on equity of 2.85%. The firm had revenue of $98.10 million during the quarter, compared to analyst estimates of $98.70 million. During the same quarter in the prior year, the business posted $0.27 earnings per share. The company’s quarterly revenue was down 9.2% compared to the same quarter last year. On average, equities analysts forecast that GAIN Capital Holdings, Inc. will post $0.19 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 19th. Stockholders of record on Tuesday, September 12th will be issued a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a dividend yield of 3.83%. The ex-dividend date is Monday, September 11th. GAIN Capital Holdings’s payout ratio is 104.35%.
GAIN Capital Holdings announced that its board has authorized a stock buyback program on Wednesday, May 17th that permits the company to buyback $35.00 million in shares. This buyback authorization permits the financial services provider to reacquire up to 12.7% of its shares through open market purchases. Shares buyback programs are typically an indication that the company’s management believes its stock is undervalued.
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A number of brokerages have commented on GCAP. BidaskClub downgraded GAIN Capital Holdings from a “buy” rating to a “hold” rating in a research note on Tuesday, August 22nd. Jefferies Group LLC restated a “buy” rating and issued a $8.50 target price (down from $9.00) on shares of GAIN Capital Holdings in a research note on Friday, August 4th. TheStreet upgraded GAIN Capital Holdings from a “c” rating to a “b-” rating in a research note on Monday, August 7th. Zacks Investment Research downgraded GAIN Capital Holdings from a “buy” rating to a “sell” rating in a research note on Tuesday, July 18th. Finally, Keefe, Bruyette & Woods restated a “hold” rating and issued a $7.00 target price on shares of GAIN Capital Holdings in a research note on Monday, May 15th. One analyst has rated the stock with a sell rating, two have given a hold rating and one has given a buy rating to the company’s stock. GAIN Capital Holdings presently has a consensus rating of “Hold” and a consensus target price of $7.58.
Several hedge funds and other institutional investors have recently bought and sold shares of GCAP. Kestrel Investment Management Corp acquired a new stake in shares of GAIN Capital Holdings during the first quarter worth approximately $4,933,000. Northern Trust Corp increased its holdings in shares of GAIN Capital Holdings by 61.8% during the second quarter. Northern Trust Corp now owns 1,003,141 shares of the financial services provider’s stock worth $6,249,000 after buying an additional 383,185 shares in the last quarter. Signia Capital Management LLC increased its holdings in shares of GAIN Capital Holdings by 68.2% during the first quarter. Signia Capital Management LLC now owns 873,092 shares of the financial services provider’s stock worth $7,272,000 after buying an additional 354,056 shares in the last quarter. Thrivent Financial For Lutherans acquired a new stake in shares of GAIN Capital Holdings during the second quarter worth approximately $1,978,000. Finally, LSV Asset Management increased its holdings in shares of GAIN Capital Holdings by 103.7% during the first quarter. LSV Asset Management now owns 433,209 shares of the financial services provider’s stock worth $3,608,000 after buying an additional 220,509 shares in the last quarter. 53.55% of the stock is owned by institutional investors.
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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