GAIN Capital Holdings, Inc. (GCAP) Rating Reiterated by Keefe, Bruyette & Woods
GAIN Capital Holdings, Inc. (NYSE:GCAP)‘s stock had its “hold” rating reaffirmed by Keefe, Bruyette & Woods in a note issued to investors on Friday. They currently have a $7.00 price target on the financial services provider’s stock. Keefe, Bruyette & Woods’ target price points to a potential upside of 6.22% from the company’s current price.
A number of other research firms have also issued reports on GCAP. Jefferies Group LLC restated a “buy” rating and set a $8.50 price target (down previously from $9.00) on shares of GAIN Capital Holdings in a report on Friday, August 4th. TheStreet upgraded shares of GAIN Capital Holdings from a “c” rating to a “b-” rating in a report on Monday, August 7th. Zacks Investment Research lowered shares of GAIN Capital Holdings from a “buy” rating to a “sell” rating in a report on Tuesday, July 18th. Finally, BidaskClub lowered shares of GAIN Capital Holdings from a “buy” rating to a “hold” rating in a report on Tuesday, August 22nd. One analyst has rated the stock with a sell rating, two have assigned a hold rating and one has assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $7.58.
Shares of GAIN Capital Holdings (NYSE GCAP) traded down 1.82% during midday trading on Friday, reaching $6.47. The company had a trading volume of 12,849 shares. GAIN Capital Holdings has a 1-year low of $4.54 and a 1-year high of $8.75. The stock has a market capitalization of $305.65 million, a price-to-earnings ratio of 28.38 and a beta of 0.30. The firm’s 50 day moving average price is $6.39 and its 200-day moving average price is $6.63.
GAIN Capital Holdings (NYSE:GCAP) last released its quarterly earnings results on Thursday, August 3rd. The financial services provider reported $0.25 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.25. GAIN Capital Holdings had a net margin of 3.21% and a return on equity of 2.85%. The business had revenue of $98.10 million for the quarter, compared to analyst estimates of $98.70 million. During the same quarter in the previous year, the business earned $0.27 earnings per share. The firm’s revenue was down 9.2% compared to the same quarter last year. Equities research analysts expect that GAIN Capital Holdings will post $0.19 EPS for the current fiscal year.
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In related news, major shareholder Ltd Ipgl acquired 36,675 shares of the company’s stock in a transaction on Monday, August 21st. The shares were purchased at an average price of $6.25 per share, for a total transaction of $229,218.75. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Christopher Warren Calhoun sold 5,000 shares of the company’s stock in a transaction that occurred on Monday, July 17th. The shares were sold at an average price of $6.39, for a total transaction of $31,950.00. Following the completion of the transaction, the director now owns 50,149 shares in the company, valued at approximately $320,452.11. The disclosure for this sale can be found here. In the last quarter, insiders acquired 200,000 shares of company stock worth $1,244,594 and sold 40,000 shares worth $270,078. 5.00% of the stock is currently owned by corporate insiders.
A number of institutional investors have recently added to or reduced their stakes in the business. Public Employees Retirement System of Ohio acquired a new position in GAIN Capital Holdings in the 2nd quarter valued at approximately $241,000. Susquehanna International Group LLP increased its stake in GAIN Capital Holdings by 28.7% in the 2nd quarter. Susquehanna International Group LLP now owns 41,782 shares of the financial services provider’s stock valued at $261,000 after buying an additional 9,309 shares during the period. The Manufacturers Life Insurance Company increased its stake in GAIN Capital Holdings by 4.1% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 31,792 shares of the financial services provider’s stock valued at $198,000 after buying an additional 1,238 shares during the period. Luzich Partners LLC increased its stake in GAIN Capital Holdings by 14.8% in the 2nd quarter. Luzich Partners LLC now owns 1,415,878 shares of the financial services provider’s stock valued at $8,821,000 after buying an additional 182,030 shares during the period. Finally, State Street Corp increased its stake in GAIN Capital Holdings by 2.3% in the 2nd quarter. State Street Corp now owns 647,719 shares of the financial services provider’s stock valued at $4,036,000 after buying an additional 14,861 shares during the period. Hedge funds and other institutional investors own 53.45% of the company’s stock.
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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