GAIN Capital Holdings, Inc. (NYSE:GCAP) announced a quarterly dividend on Friday, August 4th, Wall Street Journal reports. Investors of record on Tuesday, September 12th will be paid a dividend of 0.06 per share by the financial services provider on Tuesday, September 19th. This represents a $0.24 dividend on an annualized basis and a yield of 3.76%. The ex-dividend date is Monday, September 11th.
GAIN Capital Holdings has raised its dividend payment by an average of 1.6% per year over the last three years. GAIN Capital Holdings has a payout ratio of 114.3% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities analysts expect GAIN Capital Holdings to earn $0.73 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 32.9%.
Shares of GAIN Capital Holdings (NYSE:GCAP) opened at 6.39 on Friday. The firm has a market cap of $301.87 million, a PE ratio of 28.03 and a beta of 0.33. GAIN Capital Holdings has a 1-year low of $4.54 and a 1-year high of $8.75. The stock has a 50 day moving average of $6.55 and a 200 day moving average of $6.79.
GAIN Capital Holdings (NYSE:GCAP) last announced its quarterly earnings results on Thursday, August 3rd. The financial services provider reported $0.25 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.25. GAIN Capital Holdings had a net margin of 3.21% and a return on equity of 2.85%. The company had revenue of $98.10 million during the quarter, compared to the consensus estimate of $98.70 million. During the same quarter in the previous year, the company posted $0.27 earnings per share. The company’s revenue for the quarter was down 9.2% compared to the same quarter last year. Equities research analysts anticipate that GAIN Capital Holdings will post $0.19 earnings per share for the current fiscal year.
In other GAIN Capital Holdings news, major shareholder Ltd Ipgl purchased 92,019 shares of the company’s stock in a transaction on Tuesday, September 5th. The shares were purchased at an average cost of $6.23 per share, for a total transaction of $573,278.37. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Christopher Warren Calhoun sold 5,000 shares of the business’s stock in a transaction dated Monday, July 17th. The stock was sold at an average price of $6.39, for a total transaction of $31,950.00. Following the completion of the sale, the director now owns 50,149 shares in the company, valued at $320,452.11. The disclosure for this sale can be found here. In the last ninety days, insiders purchased 200,000 shares of company stock valued at $1,244,594 and sold 40,000 shares valued at $270,078. Corporate insiders own 5.00% of the company’s stock.
Several brokerages have recently issued reports on GCAP. BidaskClub downgraded shares of GAIN Capital Holdings from a “buy” rating to a “hold” rating in a report on Tuesday, August 22nd. TheStreet raised shares of GAIN Capital Holdings from a “c” rating to a “b-” rating in a report on Monday, August 7th. Jefferies Group LLC reissued 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. Finally, Zacks Investment Research downgraded shares of GAIN Capital Holdings from a “buy” rating to a “sell” rating in a report on Tuesday, July 18th. One research analyst has rated the stock with a sell rating, two have given a hold rating and one has assigned a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $7.58.
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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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