Foundry Partners LLC cut its stake in GAIN Capital Holdings, Inc. (NYSE:GCAP) by 39.6% during the second quarter, Holdings Channel reports. The institutional investor owned 369,795 shares of the financial services provider’s stock after selling 242,750 shares during the period. Foundry Partners LLC’s holdings in GAIN Capital Holdings were worth $2,304,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently modified their holdings of the company. State Street Corp boosted its stake 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 valued at $4,998,000 after buying an additional 49,099 shares during the period. UBS Group AG boosted its stake in GAIN Capital Holdings by 345.8% in the first quarter. UBS Group AG now owns 59,343 shares of the financial services provider’s stock valued at $494,000 after buying an additional 46,030 shares during the period. Russell Investments Group Ltd. boosted its stake in GAIN Capital Holdings by 29.5% in the first quarter. Russell Investments Group Ltd. now owns 182,459 shares of the financial services provider’s stock valued at $1,520,000 after buying an additional 41,564 shares during the period. Weber Alan W bought a new stake in GAIN Capital Holdings during the first quarter valued at $1,140,000. Finally, Dimensional Fund Advisors LP boosted its stake in 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 valued at $12,864,000 after buying an additional 129,257 shares during the period. Hedge funds and other institutional investors own 49.06% of the company’s stock.
Shares of GAIN Capital Holdings, Inc. (NYSE GCAP) opened at 6.83 on Thursday. The company has a 50-day moving average of $6.61 and a 200 day moving average of $7.03. The company has a market cap of $322.66 million, a PE ratio of 29.96 and a beta of 0.29. GAIN Capital Holdings, Inc. has a 12-month low of $4.54 and a 12-month 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 analysts’ consensus estimates of $0.25. GAIN Capital Holdings had a return on equity of 2.85% and a net margin of 3.21%. The business had revenue of $98.10 million for the quarter, compared to the consensus estimate of $98.70 million. During the same quarter in the prior year, the company earned $0.27 EPS. The business’s revenue was down 9.2% compared to the same quarter last year. On average, equities research analysts expect that GAIN Capital Holdings, Inc. will post $0.19 EPS for the current year.
GAIN Capital Holdings declared that its board has initiated a share repurchase program on Wednesday, May 17th that permits the company to buyback $35.00 million in outstanding 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 often a sign that the company’s management believes its shares are undervalued.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 19th. Stockholders of record on Tuesday, September 12th will be given a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a dividend yield of 3.51%. The ex-dividend date of this dividend is Monday, September 11th. GAIN Capital Holdings’s payout ratio is 104.35%.
Several research firms recently weighed in on GCAP. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $7.00 price target on shares of GAIN Capital Holdings in a report on Friday, May 5th. Jefferies Group LLC reiterated a “buy” rating and issued 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. Finally, Zacks Investment Research cut shares of GAIN Capital Holdings from a “buy” rating to a “sell” rating in a report on Tuesday, July 18th.
In other news, Director Christopher Warren Calhoun sold 5,000 shares of the stock in a transaction on Monday, August 14th. The stock was sold at an average price of $6.87, for a total transaction of $34,350.00. Following the transaction, the director now owns 25,149 shares of the company’s stock, valued at approximately $172,773.63. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders have sold a total of 42,701 shares of company stock worth $286,203 in the last three months. Corporate 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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