Gain Capital Holdings Inc (GCAP) Expected to Earn FY2017 Earnings of ($0.15) Per Share
Gain Capital Holdings Inc (NYSE:GCAP) – Analysts at Jefferies Group decreased their FY2017 earnings per share (EPS) estimates for shares of Gain Capital in a research report issued on Tuesday. Jefferies Group analyst D. Fannon now anticipates that the financial services provider will post earnings per share of ($0.15) for the year, down from their prior estimate of $0.13. Jefferies Group also issued estimates for Gain Capital’s Q4 2017 earnings at ($0.06) EPS.
Several other equities analysts have also recently commented on the stock. BidaskClub upgraded shares of Gain Capital from a “sell” rating to a “hold” rating in a research note on Thursday, November 2nd. TheStreet cut shares of Gain Capital from a “b-” rating to a “c” rating in a research note on Thursday, October 26th. Zacks Investment Research cut shares of Gain Capital from a “hold” rating to a “sell” rating in a research note on Tuesday, October 10th. Finally, Keefe, Bruyette & Woods reiterated a “hold” rating and set a $7.00 target price on shares of Gain Capital in a research note on Friday, October 6th. One analyst has rated the stock with a sell rating, two have issued a hold rating and one has issued a buy rating to the company’s stock. Gain Capital currently has an average rating of “Hold” and a consensus price target of $7.58.
Gain Capital (NYSE:GCAP) last issued its quarterly earnings data on Thursday, October 26th. The financial services provider reported $0.05 earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.01) by $0.06. Gain Capital had a net margin of 3.72% and a return on equity of 5.62%. The business had revenue of $81.30 million during the quarter, compared to analysts’ expectations of $79.86 million. During the same period in the previous year, the company earned ($0.11) earnings per share. Gain Capital’s revenue for the quarter was up 12.6% on a year-over-year basis.
The business also recently announced a quarterly dividend, which was paid on Thursday, December 21st. Investors of record on Monday, December 11th were paid a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a yield of 3.01%. The ex-dividend date of this dividend was Friday, December 8th. Gain Capital’s payout ratio is currently 80.00%.
In other Gain Capital news, General Counsel Diego Rotsztain sold 49,149 shares of the business’s stock in a transaction on Thursday, December 28th. The shares were sold at an average price of $9.00, for a total value of $442,341.00. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Christopher Warren Calhoun sold 5,000 shares of the business’s stock in a transaction on Friday, October 27th. The shares were sold at an average price of $7.00, for a total transaction of $35,000.00. Following the completion of the sale, the director now directly owns 23,278 shares in the company, valued at approximately $162,946. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 103,298 shares of company stock valued at $919,682. Corporate insiders own 5.00% of the company’s stock.
A number of institutional investors have recently made changes to their positions in the business. Luzich Partners LLC increased its holdings in Gain Capital by 6.3% in the 3rd quarter. Luzich Partners LLC now owns 1,505,309 shares of the financial services provider’s stock valued at $9,619,000 after buying an additional 89,431 shares during the period. GSA Capital Partners LLP bought a new stake in Gain Capital in the 3rd quarter valued at $467,000. California Public Employees Retirement System increased its holdings in Gain Capital by 11.4% in the 3rd quarter. California Public Employees Retirement System now owns 166,773 shares of the financial services provider’s stock valued at $1,066,000 after buying an additional 17,073 shares during the period. Signia Capital Management LLC increased its holdings in Gain Capital by 2.2% in the 3rd quarter. Signia Capital Management LLC now owns 871,047 shares of the financial services provider’s stock valued at $5,566,000 after buying an additional 19,143 shares during the period. Finally, Weber Alan W increased its holdings in Gain Capital by 25.4% in the 3rd quarter. Weber Alan W now owns 395,000 shares of the financial services provider’s stock valued at $2,524,000 after buying an additional 80,000 shares during the period. 56.25% of the stock is currently owned by hedge funds and other institutional investors.
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About Gain Capital
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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