Gain Capital Holdings Inc (NYSE:GCAP) announced a quarterly dividend on Friday, October 26th, Wall Street Journal reports. Shareholders of record on Tuesday, December 11th will be paid a dividend of 0.06 per share by the financial services provider on Tuesday, December 18th. This represents a $0.24 annualized dividend and a yield of 3.32%. The ex-dividend date of this dividend is Monday, December 10th.
Gain Capital has increased its dividend payment by an average of 6.3% per year over the last three years and has increased its dividend every year for the last 2 years. Gain Capital has a dividend payout ratio of 37.5% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Gain Capital to earn $0.77 per share next year, which means the company should continue to be able to cover its $0.24 annual dividend with an expected future payout ratio of 31.2%.
Shares of GCAP opened at $7.23 on Wednesday. The company has a market capitalization of $325.47 million, a price-to-earnings ratio of -36.15, a PEG ratio of 1.12 and a beta of 0.10. Gain Capital has a twelve month low of $6.08 and a twelve month high of $13.26. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.39 and a quick ratio of 1.39.
Several equities research analysts have recently commented on GCAP shares. ValuEngine upgraded shares of Gain Capital from a “sell” rating to a “hold” rating in a research note on Saturday, October 6th. Zacks Investment Research upgraded shares of Gain Capital from a “hold” rating to a “buy” rating and set a $8.50 price objective for the company in a research note on Friday, October 26th. JPMorgan Chase & Co. started coverage on shares of Gain Capital in a research note on Friday, August 31st. They set a “neutral” rating and a $9.00 price objective for the company. Finally, TheStreet upgraded shares of Gain Capital from a “c” rating to a “b-” rating in a research note on Friday, October 26th. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $8.75.
In other Gain Capital news, Director Joseph A. Schenk bought 10,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 21st. The stock was bought at an average cost of $7.32 per share, for a total transaction of $73,200.00. Following the completion of the transaction, the director now directly owns 166,638 shares of the company’s stock, valued at approximately $1,219,790.16. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Samantha Roady sold 5,000 shares of the business’s stock in a transaction on Wednesday, November 14th. The shares were sold at an average price of $7.77, for a total transaction of $38,850.00. Following the transaction, the insider now owns 225,508 shares of the company’s stock, valued at $1,752,197.16. The disclosure for this sale can be found here. Insiders own 6.40% of the company’s stock.
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Gain Capital Company Profile
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 three segments: Retail, Institutional, and Futures. It specializes in over-the-counter (OTC) and exchange-traded markets.
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