Weber Alan W raised its stake in GAIN Capital Holdings, Inc. (NYSE:GCAP) by 130.1% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 315,000 shares of the financial services provider’s stock after buying an additional 178,114 shares during the period. GAIN Capital Holdings makes up about 1.1% of Weber Alan W’s investment portfolio, making the stock its 19th largest position. Weber Alan W’s holdings in GAIN Capital Holdings were worth $1,962,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in GCAP. Dimensional Fund Advisors LP raised its stake in GAIN Capital Holdings by 10.6% in the first quarter. Dimensional Fund Advisors LP now owns 2,161,274 shares of the financial services provider’s stock valued at $18,003,000 after buying an additional 206,327 shares during the period. Acadian Asset Management LLC raised its stake in GAIN Capital Holdings by 24.6% in the first quarter. Acadian Asset Management LLC now owns 1,883,752 shares of the financial services provider’s stock valued at $15,693,000 after buying an additional 371,842 shares during the period. Vanguard Group Inc. raised its stake in GAIN Capital Holdings by 8.5% in the first quarter. Vanguard Group Inc. now owns 1,273,862 shares of the financial services provider’s stock valued at $10,611,000 after buying an additional 99,492 shares during the period. Signia Capital Management LLC raised its stake in GAIN Capital Holdings by 68.2% in the first quarter. Signia Capital Management LLC now owns 873,092 shares of the financial services provider’s stock valued at $7,272,000 after buying an additional 354,056 shares during the period. Finally, State Street Corp raised 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. Hedge funds and other institutional investors own 49.28% of the company’s stock.
Shares of GAIN Capital Holdings, Inc. (NYSE:GCAP) opened at 6.99 on Thursday. The firm has a 50-day moving average price of $6.47 and a 200 day moving average price of $7.05. GAIN Capital Holdings, Inc. has a 12-month low of $4.54 and a 12-month high of $8.75. The firm has a market cap of $333.28 million, a price-to-earnings ratio of 63.55 and a beta of 0.29.
GAIN Capital Holdings (NYSE:GCAP) last posted its quarterly earnings data on Thursday, August 3rd. The financial services provider reported $0.25 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.25. GAIN Capital Holdings had a return on equity of 2.86% and a net margin of 3.21%. The company had revenue of $98.10 million for the quarter, compared to the consensus estimate of $98.70 million. During the same quarter in the previous year, the business earned $0.27 EPS. The company’s quarterly revenue was down 9.2% compared to the same quarter last year. On average, equities research analysts anticipate that GAIN Capital Holdings, Inc. will post $0.19 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 19th. Stockholders of record on Tuesday, September 12th will be paid a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a dividend yield of 3.43%. The ex-dividend date is Monday, September 11th. GAIN Capital Holdings’s dividend payout ratio is presently 104.35%.
GAIN Capital Holdings announced that its Board of Directors has initiated a share repurchase program on Wednesday, May 17th that authorizes the company to buyback $35.00 million in outstanding shares. This buyback authorization authorizes the financial services provider to repurchase up to 12.7% of its shares through open market purchases. Shares buyback programs are typically a sign that the company’s leadership believes its shares are undervalued.
Several research firms have weighed in on GCAP. Zacks Investment Research lowered GAIN Capital Holdings from a “hold” rating to a “strong sell” rating in a report on Tuesday, May 9th. Jefferies Group LLC upped their target price on GAIN Capital Holdings from $9.00 to $10.00 and gave the company a “buy” rating in a report on Monday, May 8th. TheStreet lowered GAIN Capital Holdings from a “b-” rating to a “c” rating in a report on Thursday, May 4th. Finally, Keefe, Bruyette & Woods reissued a “hold” rating and issued a $7.00 target price on shares of GAIN Capital Holdings in a report on Friday, May 5th.
In other news, Director Christopher Warren Calhoun sold 15,000 shares of the business’s stock in a transaction on Monday, August 7th. The stock was sold at an average price of $7.00, for a total value of $105,000.00. Following the sale, the director now owns 40,149 shares of the company’s stock, valued at approximately $281,043. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders sold a total of 37,701 shares of company stock worth $251,853 in the last three months. Company insiders own 5.00% of the company’s stock.
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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