Goldman Sachs Group Inc. decreased its holdings in shares of GAIN Capital Holdings, Inc. (NYSE:GCAP) by 34.6% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 47,730 shares of the financial services provider’s stock after selling 25,280 shares during the quarter. Goldman Sachs Group Inc. owned approximately 0.10% of GAIN Capital Holdings worth $297,000 at the end of the most recent reporting period.
A number of other institutional investors have also made changes to their positions in GCAP. Principal Financial Group Inc. acquired a new stake in shares of GAIN Capital Holdings during the second quarter worth $119,000. Martingale Asset Management L P lifted its holdings in shares of GAIN Capital Holdings by 52.2% during the second quarter. Martingale Asset Management L P now owns 23,020 shares of the financial services provider’s stock worth $144,000 after buying an additional 7,900 shares in the last quarter. Alpine Woods Capital Investors LLC acquired a new stake in shares of GAIN Capital Holdings during the second quarter worth $155,000. Voya Investment Management LLC lifted its holdings in shares of GAIN Capital Holdings by 17.1% during the second quarter. Voya Investment Management LLC now owns 25,712 shares of the financial services provider’s stock worth $160,000 after buying an additional 3,755 shares in the last quarter. Finally, American International Group Inc. lifted its holdings in shares of GAIN Capital Holdings by 7.0% during the first quarter. American International Group Inc. now owns 22,956 shares of the financial services provider’s stock worth $191,000 after buying an additional 1,511 shares in the last quarter. 52.69% of the stock is owned by institutional investors and hedge funds.
A number of research firms have recently weighed in on GCAP. BidaskClub raised GAIN Capital Holdings from a “sell” rating to a “hold” rating in a report on Thursday, November 2nd. TheStreet downgraded GAIN Capital Holdings from a “b-” rating to a “c” rating in a report on Thursday, October 26th. Zacks Investment Research downgraded GAIN Capital Holdings from a “hold” rating to a “sell” rating in a report on Tuesday, October 10th. Keefe, Bruyette & Woods reissued a “hold” rating and set a $7.00 target price on shares of GAIN Capital Holdings in a report on Friday, October 6th. Finally, Jefferies Group LLC reissued a “buy” rating and set a $8.50 target price (down previously from $9.00) on shares of GAIN Capital Holdings in a report on Friday, August 4th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and one has issued a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $7.58.
In related news, major shareholder Ltd Ipgl purchased 36,675 shares of the firm’s stock in a transaction that occurred on Monday, August 21st. The shares were bought at an average price of $6.25 per share, for a total transaction of $229,218.75. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Christopher Warren Calhoun sold 5,000 shares of the firm’s stock in a transaction on Friday, October 27th. The stock was sold at an average price of $7.00, for a total value of $35,000.00. Following the completion of the transaction, the director now owns 23,278 shares in the company, valued at approximately $162,946. The disclosure for this sale can be found here. Insiders purchased 200,000 shares of company stock worth $1,244,594 in the last 90 days. 5.00% of the stock is owned by company insiders.
GAIN Capital Holdings, Inc. (GCAP) opened at $7.06 on Friday. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.24 and a quick ratio of 1.24. GAIN Capital Holdings, Inc. has a 12-month low of $5.56 and a 12-month high of $8.75. The company has a market capitalization of $329.07, a price-to-earnings ratio of 21.47, a P/E/G ratio of 9.27 and a beta of 0.28.
GAIN Capital Holdings (NYSE:GCAP) last issued its quarterly earnings results on Thursday, October 26th. The financial services provider reported $0.05 EPS for the quarter, topping the Zacks’ consensus estimate of ($0.01) by $0.06. GAIN Capital Holdings had a return on equity of 5.62% and a net margin of 3.72%. The company had revenue of $81.30 million for the quarter, compared to analysts’ expectations of $79.86 million. During the same quarter last year, the business earned ($0.11) earnings per share. GAIN Capital Holdings’s revenue was up 12.6% on a year-over-year basis. analysts expect that GAIN Capital Holdings, Inc. will post 0.1 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, December 21st. Investors of record on Monday, December 11th will be given a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a dividend yield of 3.40%. The ex-dividend date of this dividend is Friday, December 8th. GAIN Capital Holdings’s payout ratio is currently 80.00%.
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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