Francisco Partners Management LP maintained its position in shares of Gain Capital Holdings Inc (NYSE:GCAP) during the first quarter, according to its most recent 13F filing with the SEC. The fund owned 186,435 shares of the financial services provider’s stock at the end of the first quarter. Gain Capital Holdings accounts for approximately 0.3% of Francisco Partners Management LP’s investment portfolio, making the stock its 6th largest position. Francisco Partners Management LP owned about 0.39% of Gain Capital Holdings worth $1,553,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Russell Investments Group Ltd. purchased a new position in shares of Gain Capital Holdings during the fourth quarter valued at approximately $930,000. Renaissance Technologies LLC raised its position in shares of Gain Capital Holdings by 1.7% in the fourth quarter. Renaissance Technologies LLC now owns 587,200 shares of the financial services provider’s stock valued at $3,864,000 after buying an additional 9,600 shares during the last quarter. State Street Corp raised its position in shares of Gain Capital Holdings by 6.9% in the fourth quarter. State Street Corp now owns 759,616 shares of the financial services provider’s stock valued at $4,998,000 after buying an additional 49,099 shares during the last quarter. Two Sigma Investments LP raised its position in shares of Gain Capital Holdings by 505.1% in the fourth quarter. Two Sigma Investments LP now owns 193,856 shares of the financial services provider’s stock valued at $1,276,000 after buying an additional 161,821 shares during the last quarter. Finally, Signia Capital Management LLC raised its position in shares of Gain Capital Holdings by 523.0% in the fourth quarter. Signia Capital Management LLC now owns 519,036 shares of the financial services provider’s stock valued at $3,415,000 after buying an additional 435,728 shares during the last quarter. Institutional investors own 47.86% of the company’s stock.
Shares of Gain Capital Holdings Inc (NYSE:GCAP) traded up 1.54% on Friday, hitting $5.94. The stock had a trading volume of 535,284 shares. The stock has a market cap of $283.22 million, a P/E ratio of 54.00 and a beta of 0.18. The firm’s 50-day moving average is $7.04 and its 200 day moving average is $7.11. Gain Capital Holdings Inc has a 1-year low of $4.54 and a 1-year high of $8.75.
Gain Capital Holdings (NYSE:GCAP) last announced its quarterly earnings data on Thursday, May 4th. The financial services provider reported ($0.39) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.23) by $0.16. The company had revenue of $59.60 million during the quarter, compared to the consensus estimate of $63.29 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 down 48.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.35 EPS. Equities analysts forecast that Gain Capital Holdings Inc will post $0.12 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 20th. Stockholders of record on Tuesday, June 13th will be issued a $0.06 dividend. This represents a $0.24 annualized dividend and a dividend yield of 4.10%. The ex-dividend date of this dividend is Friday, June 9th. Gain Capital Holdings’s payout ratio is 42.11%.
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GCAP has been the subject of several research reports. Zacks Investment Research lowered Gain Capital Holdings from a “hold” rating to a “strong sell” rating in a research report on Tuesday, May 9th. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $7.50 target price on shares of Gain Capital Holdings in a research report on Monday, April 10th. Jefferies Group LLC lifted their target price on Gain Capital Holdings from $7.00 to $10.00 and gave the stock a “buy” rating in a research report on Wednesday, March 8th. Finally, TheStreet upgraded Gain Capital Holdings from a “c+” rating to a “b-” rating in a research report on Friday, March 10th.
In other news, major shareholder Senvest Management, Llc sold 50,000 shares of the firm’s stock in a transaction dated Tuesday, May 9th. The stock was sold at an average price of $5.94, for a total value of $297,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Samantha Roady sold 30,750 shares of the firm’s stock in a transaction dated Tuesday, April 4th. The shares were sold at an average price of $8.52, for a total transaction of $261,990.00. Following the completion of the sale, the insider now owns 304,738 shares of the company’s stock, valued at $2,596,367.76. The disclosure for this sale can be found here. Insiders sold a total of 92,625 shares of company stock valued at $644,294 in the last 90 days. 5.00% of the stock is owned by corporate insiders.
Gain Capital Holdings 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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