Bank of New York Mellon Corp cut its stake in shares of GAIN Capital Holdings, Inc. (NYSE:GCAP) by 14.1% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 278,160 shares of the financial services provider’s stock after selling 45,826 shares during the period. Bank of New York Mellon Corp owned about 0.58% of GAIN Capital Holdings worth $2,317,000 as of its most recent SEC filing.
A number of other large investors also recently bought and sold shares of the stock. Russell Investments Group Ltd. acquired a new stake 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 worth $4,998,000 after buying an additional 49,099 shares during the last quarter. 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 worth $3,864,000 after buying an additional 9,600 shares during the last quarter. 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 worth $1,276,000 after buying an additional 161,821 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in shares of 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 worth $12,864,000 after buying an additional 129,257 shares during the last quarter. 48.88% of the stock is owned by hedge funds and other institutional investors.
Shares of GAIN Capital Holdings, Inc. (NYSE GCAP) traded up 7.61% during midday trading on Friday, reaching $7.21. 362,462 shares of the company’s stock traded hands. GAIN Capital Holdings, Inc. has a one year low of $4.54 and a one year high of $8.75. The company has a 50-day moving average of $6.28 and a 200-day moving average of $7.06. The company has a market capitalization of $343.77 million, a price-to-earnings ratio of 65.55 and a beta of 0.29.
GAIN Capital Holdings (NYSE:GCAP) last posted its quarterly earnings data on Thursday, August 3rd. The financial services provider reported $0.25 earnings per share 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 2.86%. The business had revenue of $98.10 million for the quarter, compared to analysts’ expectations of $98.70 million. During the same quarter in the previous year, the business posted $0.27 earnings per share. The business’s revenue was down 9.2% compared to the same quarter last year. Equities research analysts anticipate that GAIN Capital Holdings, Inc. will post $0.21 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 19th. Stockholders of record on Tuesday, September 12th will be paid a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a dividend yield of 3.33%. The ex-dividend date is Monday, September 11th. GAIN Capital Holdings’s dividend payout ratio is currently 104.35%.
GAIN Capital Holdings announced that its board has approved a stock buyback plan on Wednesday, May 17th that permits the company to buyback $35.00 million in shares. This buyback authorization permits the financial services provider to purchase up to 12.7% of its shares through open market purchases. Shares buyback plans are typically an indication that the company’s board believes its stock is undervalued.
A number of analysts recently weighed in on GCAP shares. Zacks Investment Research lowered shares of GAIN Capital Holdings from a “hold” rating to a “strong sell” rating in a report on Tuesday, May 9th. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $7.50 price target on shares of GAIN Capital Holdings in a report on Monday, April 10th. Jefferies Group LLC reissued a “buy” rating and issued a $10.00 price target on shares of GAIN Capital Holdings in a report on Wednesday, April 12th. Finally, TheStreet lowered shares of GAIN Capital Holdings from a “b-” rating to a “c” rating in a report on Thursday, May 4th.
In related news, insider Samantha Roady sold 4,933 shares of the company’s stock in a transaction dated Monday, May 8th. The shares were sold at an average price of $6.02, for a total value of $29,696.66. Following the completion of the sale, the insider now directly owns 269,055 shares of the company’s stock, valued at $1,619,711.10. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, major shareholder Senvest Management, Llc sold 50,000 shares of the stock in a transaction dated Tuesday, May 9th. The shares were sold at an average price of $5.94, for a total transaction of $297,000.00. The disclosure for this sale can be found here. Insiders have sold 77,634 shares of company stock valued at $473,550 over the last three months. Insiders own 5.00% 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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