ValuEngine cut shares of Gain Capital (NYSE:GCAP) from a hold rating to a sell rating in a research report sent to investors on Saturday.
Shares of Gain Capital (NYSE GCAP) opened at $7.07 on Friday. The firm has a market capitalization of $329.57 and a price-to-earnings ratio of -35.35. Gain Capital has a 52-week low of $5.56 and a 52-week high of $13.26. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.24 and a current ratio of 1.24.
Gain Capital (NYSE:GCAP) last released its earnings results on Thursday, March 8th. The financial services provider reported ($0.10) earnings per share for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.24). The firm had revenue of $69.70 million for the quarter, compared to the consensus estimate of $72.89 million. Gain Capital had a negative return on equity of 3.24% and a negative net margin of 3.66%. The company’s revenue was down 39.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.42 EPS. research analysts forecast that Gain Capital will post 0.75 EPS for the current year.
In related news, General Counsel Diego Rotsztain sold 49,149 shares of the company’s stock in a transaction dated Thursday, December 28th. The stock was sold at an average price of $9.00, for a total value of $442,341.00. Following the completion of the sale, the general counsel now owns 107,615 shares in the company, valued at $968,535. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder Ltd Ipgl acquired 69,647 shares of the company’s stock in a transaction that occurred on Friday, March 9th. The stock was bought at an average price of $6.98 per share, with a total value of $486,136.06. The disclosure for this purchase can be found here. In the last 90 days, insiders have sold 139,010 shares of company stock valued at $1,220,918. 5.60% of the stock is currently owned by corporate insiders.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Mariner Investment Group LLC bought a new stake in Gain Capital in the fourth quarter valued at about $100,000. Investors Research Corp bought a new stake in Gain Capital in the fourth quarter valued at about $141,000. Virtu Financial LLC bought a new stake in Gain Capital in the fourth quarter valued at about $157,000. Jane Street Group LLC bought a new stake in Gain Capital in the fourth quarter valued at about $162,000. Finally, Los Angeles Capital Management & Equity Research Inc. bought a new stake in Gain Capital in the third quarter valued at about $104,000. Institutional investors and hedge funds own 56.42% of the company’s stock.
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Gain Capital 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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