Gain Capital (NYSE:GCAP) Trading Up 12.7%

Gain Capital Holdings Inc (NYSE:GCAP)’s share price was up 12.7% during trading on Thursday . The company traded as high as $5.18 and last traded at $5.05, approximately 538,000 shares changed hands during mid-day trading. An increase of 131% from the average daily volume of 232,500 shares. The stock had previously closed at $4.48.

A number of equities analysts recently commented on GCAP shares. ValuEngine raised Gain Capital from a “hold” rating to a “buy” rating in a research note on Thursday. JPMorgan Chase & Co. upgraded Gain Capital from a “neutral” rating to an “overweight” rating and lifted their target price for the stock from $5.50 to $6.00 in a report on Thursday, August 15th. TheStreet downgraded Gain Capital from a “c-” rating to a “d+” rating in a report on Monday, June 10th. Finally, Zacks Investment Research upgraded Gain Capital from a “hold” rating to a “strong-buy” rating and set a $5.00 target price for the company in a report on Monday, August 19th.

The firm has a market capitalization of $167.53 million, a P/E ratio of 7.83 and a beta of 0.65. The stock has a fifty day simple moving average of $4.49 and a two-hundred day simple moving average of $5.09. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.30 and a quick ratio of 1.30.

Gain Capital (NYSE:GCAP) last issued its earnings results on Thursday, July 25th. The financial services provider reported $0.10 earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.06) by $0.16. The business had revenue of $75.50 million during the quarter, compared to the consensus estimate of $73.33 million. Gain Capital had a negative return on equity of 5.36% and a negative net margin of 6.15%. The firm’s revenue for the quarter was down 10.3% on a year-over-year basis. During the same period in the previous year, the company posted $0.10 earnings per share. As a group, sell-side analysts expect that Gain Capital Holdings Inc will post -0.49 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 27th. Shareholders of record on Monday, September 23rd will be issued a $0.06 dividend. The ex-dividend date is Friday, September 20th. This represents a $0.24 dividend on an annualized basis and a yield of 4.57%. Gain Capital’s payout ratio is currently 35.82%.

Hedge funds have recently modified their holdings of the business. Walleye Trading Advisors LLC purchased a new position in shares of Gain Capital in the 2nd quarter valued at approximately $120,000. Jane Street Group LLC purchased a new position in shares of Gain Capital in the 2nd quarter valued at approximately $103,000. Paloma Partners Management Co purchased a new position in shares of Gain Capital in the 2nd quarter valued at approximately $168,000. Vanguard Group Inc. lifted its stake in shares of Gain Capital by 18.7% in the 2nd quarter. Vanguard Group Inc. now owns 1,282,761 shares of the financial services provider’s stock valued at $5,298,000 after purchasing an additional 201,686 shares during the period. Finally, AlphaOne Investment Services LLC lifted its stake in shares of Gain Capital by 551.7% in the 2nd quarter. AlphaOne Investment Services LLC now owns 46,121 shares of the financial services provider’s stock valued at $191,000 after purchasing an additional 39,044 shares during the period. Institutional investors and hedge funds own 52.30% of the company’s stock.

About Gain Capital (NYSE:GCAP)

GAIN Capital Holdings, Inc, together with its subsidiary, provides trading services and solutions to retail, institutional, and futures service customers worldwide. The company operates in two segments, Retail and Futures. It specializes in over-the-counter (OTC) and exchange-traded markets. The company offers access to a range of financial products, including spot foreign exchange (forex) and precious metals trading; and spread bets and contracts for differences on currencies, commodities, indices, individual equities, bonds, options, and interest rate products, as well as OTC options on forex.

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