The stock kicked off the session at $6.14 and later approached $6.35 with a change of -7.03%. Following the transaction, the insider now directly owns 269,055 shares in the company, valued at approximately $1,619,711.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
GAIN Capital Holdings (NYSE:GCAP) last posted its quarterly earnings results on Thursday, August 3rd. The volume of 1.45 Million shares climbed down over an trading activity of 3.53 Million shares. Russell Investments Group Ltd. increased its stake in shares of GAIN Capital Holdings by 29.5% in the first quarter. The shares were sold at an average price of $6.58, for a total value of $32,900.00.
Shares of GAIN Capital Holdings, Inc.
The company is trading up by 0.16% since yesterday's close of $6.35. Current trade price levels places GCAP's stock about -27.43% away from the 52-week high and closed 39.87% away from the 52-week low. Through its retail segment, the Company provides its retail clients 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. Latest closing price was -0.57% below its 50-day moving average and -7.30% below its 200-day moving average.
According to Zacks, analysts expect that GAIN Capital Holdings will report full-year sales of $91.95 million for the current financial year, with estimates ranging from $340.00 million to $349.66 million. Return on Equity (ROE) stands at 3.8% and Return on Investment (ROI) of 11.4 percent.
A number of analysts offered their Estimated Earnings analysis for GAIN Capital Holdings, Inc. (GCAP) failed to surprise the stock market in its last reported earnings when it earned $0.25 a piece versus the consensus-estimated $0.26. GAIN Capital Holdings's revenue was down 9.2% on a year-over-year basis.
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According to Financial Times, The 3 analysts offering 12 month price targets for Gain Capital Holdings Inc have a median target of 7.00, with a high estimate of 8.50 and a low estimate of 7.00.
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 $0.06 dividend. The dividend yield will be $3.51. The ex-dividend date of this dividend is Monday, September 11th. American International Group Inc.'s holdings in GAIN Capital Holdings were worth $191,000 as of its most recent filing with the SEC. This repurchase authorization permits the financial services provider to repurchase up to 12.7% of its shares through open market purchases. The total dollar value of all 46.76 million outstanding shares is 0.3 billion.
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Forward Looking Statements This press release includes forward-looking statements regarding GAIN Capital's financing plans, including statements related to GAIN Capital's offering of the notes and intended use of net proceeds of the offering.
Several institutional investors have recently modified their holdings of GCAP.
GAIN Capital already committed to repurchasing its own shares with about $14.5 million of the proceeds from the sale. 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 period. LSV Asset Management increased its stake in shares of GAIN Capital Holdings by 103.7% in the first quarter. TransEnterix, Inc. has 2 buy ratings, 2 holds and 0 sells even after the stock tumbled -68.67% from its high of $2.33 to a $107.05 million market value through last close. GAIN Capital Holdings's dividend payout ratio (DPR) is 104.35%. The fund owned 22,956 shares of the financial services provider's stock after buying an additional 1,511 shares during the period. Raymond James downgraded Gain Capital Holdings Inc (NYSE:GCAP) on Wednesday, March 16 to "Market Perform" rating. Cove Street Capital Llc, a California-based fund reported 242,781 shares.#img1#. The firm has "Hold" rating by Keefe Bruyette & Woods given on Friday, June 9. Finally, Zacks Investment Research cut shares of GAIN Capital Holdings from a "strong-buy" rating to a "hold" rating in a research note on Thursday, April 13th.
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