Bank of New York Mellon Corp lowered its position in Gain Capital Holdings Inc (NYSE:GCAP) by 6.6% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 217,625 shares of the financial services provider’s stock after selling 15,443 shares during the period. Bank of New York Mellon Corp owned about 0.59% of Gain Capital worth $899,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Weber Alan W increased its holdings in Gain Capital by 3.0% during the 1st quarter. Weber Alan W now owns 1,206,673 shares of the financial services provider’s stock worth $7,578,000 after purchasing an additional 35,000 shares in the last quarter. Francisco Partners Management LP grew its holdings in shares of Gain Capital by 153.5% in the 2nd quarter. Francisco Partners Management LP now owns 186,435 shares of the financial services provider’s stock valued at $770,000 after acquiring an additional 112,901 shares in the last quarter. Janney Montgomery Scott LLC grew its holdings in shares of Gain Capital by 20.7% in the 2nd quarter. Janney Montgomery Scott LLC now owns 99,483 shares of the financial services provider’s stock valued at $411,000 after acquiring an additional 17,069 shares in the last quarter. Municipal Employees Retirement System of Michigan grew its holdings in shares of Gain Capital by 65.2% in the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 125,260 shares of the financial services provider’s stock valued at $517,000 after acquiring an additional 49,450 shares in the last quarter. Finally, Menta Capital LLC bought a new position in shares of Gain Capital in the 2nd quarter valued at about $65,000. Institutional investors and hedge funds own 53.12% of the company’s stock.
Several equities analysts have recently weighed in on GCAP shares. ValuEngine upgraded Gain Capital from a “hold” rating to a “buy” rating in a report on Thursday, September 5th. Zacks Investment Research upgraded Gain Capital from a “hold” rating to a “strong-buy” rating and set a $5.00 price objective for the company in a report on Monday, August 19th. JPMorgan Chase & Co. upgraded Gain Capital from a “neutral” rating to an “overweight” rating and raised their price objective for the company from $5.50 to $6.00 in a report on Thursday, August 15th. B. Riley restated a “buy” rating and issued a $7.00 price objective on shares of Gain Capital in a report on Thursday, September 19th. Finally, Sandler O’Neill set a $5.00 price objective on Gain Capital and gave the company a “buy” rating in a report on Tuesday, September 10th. Four equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $5.75.
Gain Capital (NYSE:GCAP) last issued its earnings results on Thursday, July 25th. The financial services provider reported $0.10 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.06) by $0.16. Gain Capital had a negative net margin of 6.15% and a negative return on equity of 5.36%. The business had revenue of $75.50 million during the quarter, compared to the consensus estimate of $73.33 million. During the same period last year, the business posted $0.10 EPS. Gain Capital’s revenue was down 10.3% on a year-over-year basis. On average, sell-side analysts expect that Gain Capital Holdings Inc will post -0.56 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Monday, September 23rd were paid a $0.06 dividend. The ex-dividend date of this dividend was Friday, September 20th. This represents a $0.24 annualized dividend and a yield of 5.27%. Gain Capital’s dividend payout ratio (DPR) is currently 35.82%.
About Gain Capital
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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