GAIN Capital Holdings, Inc. (NYSE:GCAP) declared a quarterly dividend on Friday, August 4th, Wall Street Journal reports. Stockholders of record on Tuesday, September 12th will be given a dividend of 0.06 per share by the financial services provider on Tuesday, September 19th. This represents a $0.24 annualized dividend and a dividend yield of 3.33%. The ex-dividend date is Monday, September 11th.
GAIN Capital Holdings has increased its dividend by an average of 1.6% per year over the last three years. GAIN Capital Holdings has a payout ratio of 141.2% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities research analysts expect GAIN Capital Holdings to earn $0.69 per share next year, which means the company should continue to be able to cover its $0.24 annual dividend with an expected future payout ratio of 34.8%.
GAIN Capital Holdings (GCAP) opened at 7.21 on Friday. The stock has a 50 day moving average of $6.28 and a 200 day moving average of $7.06. GAIN Capital Holdings has a 52-week low of $4.54 and a 52-week high of $8.75. The stock has a market capitalization of $343.77 million, a P/E ratio of 65.55 and a beta of 0.29.
GAIN Capital Holdings (NYSE:GCAP) last released its earnings results on Thursday, August 3rd. The financial services provider reported $0.25 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.25. GAIN Capital Holdings had a net margin of 3.21% and a return on equity of 2.86%. The company had revenue of $98.10 million for the quarter, compared to the consensus estimate of $98.70 million. During the same period in the prior year, the company posted $0.27 EPS. The company’s revenue was down 9.2% compared to the same quarter last year. On average, equities research analysts forecast that GAIN Capital Holdings will post $0.21 EPS for the current year.
A number of research analysts have issued reports on GCAP shares. Zacks Investment Research downgraded shares of GAIN Capital Holdings from a “hold” rating to a “strong sell” rating in a research report on Tuesday, May 9th. Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $7.50 price target on shares of GAIN Capital Holdings in a research note on Monday, April 10th. Jefferies Group LLC reaffirmed a “buy” rating and issued a $10.00 price target on shares of GAIN Capital Holdings in a research note on Wednesday, April 12th. Finally, TheStreet cut GAIN Capital Holdings from a “b-” rating to a “c” rating in a research note on Thursday, May 4th.
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In other news, Director Christopher Warren Calhoun sold 5,000 shares of the company’s stock in a transaction dated Thursday, July 13th. The stock was sold at an average price of $6.58, for a total value of $32,900.00. Following the completion of the sale, the director now directly owns 55,149 shares of the company’s stock, valued at approximately $362,880.42. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, 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 disclosure for this sale can be found here. Over the last ninety days, insiders sold 77,634 shares of company stock valued at $473,550. 5.00% of the stock is currently owned by company insiders.
GAIN Capital Holdings declared that its board has initiated a share repurchase plan on Wednesday, May 17th that allows the company to buyback $35.00 million in outstanding shares. This buyback authorization allows the financial services provider to repurchase up to 12.7% of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s management believes its stock is undervalued.
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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