Zacks Investment Research Downgrades Gain Capital Holdings Inc (GCAP) to Hold

Gain Capital Holdings Inc (NYSE:GCAP) was downgraded by Zacks Investment Research from a “strong-buy” rating to a “hold” rating in a research note issued on Thursday.

According to Zacks, “institutional foreign exchange, trading and related services providing direct access to the global OTC foreign exchange markets, where participants trade directly with one another. Its trading platforms provide information and analytical tools that allow customers to identify, analyze and execute their trading strategies. GAIN also offers retail customers located outside the United States access to other global markets on an OTC basis, including the spot gold and silver markets, as well as equity indices and commodities. Its forex trading activities are regulated in the US by the Commodity Futures Trading Commission and the National Futures Association, in the UK by the Financial Services Authority, in Japan by the Financial Services Agency, in Hong Kong by the Securities and Futures Commission and in Australia by the Australian Securities and Investments Commission. GAIN Capital Holdings, Inc is based in Bedminster, New Jersey. “

Several other research analysts have also commented on GCAP. Jefferies Group LLC raised their price objective on shares of Gain Capital Holdings from $7.00 to $10.00 and gave the company a “buy” rating in a research note on Wednesday, March 8th. Keefe, Bruyette & Woods reaffirmed a “hold” rating on shares of Gain Capital Holdings in a report on Monday, March 13th. Finally, TheStreet raised shares of Gain Capital Holdings from a “c+” rating to a “b-” rating in a report on Friday, March 10th.

Gain Capital Holdings (NYSE:GCAP) traded down 3.12% during mid-day trading on Thursday, reaching $7.44. 400,750 shares of the company’s stock traded hands. Gain Capital Holdings has a 52 week low of $4.54 and a 52 week high of $8.75. The stock has a market capitalization of $355.29 million, a PE ratio of 11.10 and a beta of 0.18. The stock’s 50 day moving average is $8.12 and its 200-day moving average is $6.94.

Gain Capital Holdings (NYSE:GCAP) last announced its earnings results on Thursday, March 9th. The company reported $0.43 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.42 by $0.01. The company earned $115.80 million during the quarter, compared to analyst estimates of $116.54 million. Gain Capital Holdings had a net margin of 7.51% and a return on equity of 14.81%. Gain Capital Holdings’s revenue was up 12.6% compared to the same quarter last year. During the same quarter last year, the firm posted $0.42 earnings per share. On average, equities analysts anticipate that Gain Capital Holdings will post $0.79 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Friday, March 31st. Investors of record on Tuesday, March 28th were issued a $0.06 dividend. The ex-dividend date was Friday, March 24th. This represents a $0.24 annualized dividend and a yield of 3.23%. Gain Capital Holdings’s dividend payout ratio (DPR) is 42.11%.

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In other Gain Capital Holdings news, insider Samantha Roady sold 4,370 shares of the firm’s stock in a transaction that occurred on Monday, March 27th. The shares were sold at an average price of $8.14, for a total transaction of $35,571.80. Following the sale, the insider now owns 273,994 shares of the company’s stock, valued at $2,230,311.16. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In the last ninety days, insiders sold 37,692 shares of company stock worth $317,598. 5.00% of the stock is owned by corporate insiders.

Hedge funds have recently added to or reduced their stakes in the company. California Public Employees Retirement System boosted its stake in Gain Capital Holdings by 5.0% in the third quarter. California Public Employees Retirement System now owns 171,400 shares of the company’s stock worth $1,059,000 after buying an additional 8,200 shares during the last quarter. Matarin Capital Management LLC bought a new stake in Gain Capital Holdings during the third quarter worth $168,000. Russell Investments Group Ltd. bought a new stake in Gain Capital Holdings during the fourth quarter worth $930,000. Signia Capital Management LLC boosted its stake in Gain Capital Holdings by 523.0% in the fourth quarter. Signia Capital Management LLC now owns 519,036 shares of the company’s stock worth $3,415,000 after buying an additional 435,728 shares during the last quarter. Finally, William Harris Investors Inc. bought a new stake in Gain Capital Holdings during the fourth quarter worth $2,019,000. 47.86% of the stock is currently owned by institutional investors.

About Gain Capital Holdings

GAIN Capital Holdings, Inc 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, Futures segment, and Corporate and other. The retail segment provides its retail customers with access to a range of global financial markets, including spot foreign exchange (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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