GAIN Capital Holdings, Inc. (GCAP) Shares Sold by Bank of New York Mellon Corp

Bank of New York Mellon Corp cut its stake in shares of GAIN Capital Holdings, Inc. (NYSE:GCAP) by 0.5% in the second quarter, according to its most recent disclosure with the SEC. The firm owned 276,805 shares of the financial services provider’s stock after selling 1,355 shares during the period. Bank of New York Mellon Corp owned about 0.58% of GAIN Capital Holdings worth $1,725,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Alpine Woods Capital Investors LLC acquired a new position in GAIN Capital Holdings during the second quarter worth $155,000. American International Group Inc. raised its position in GAIN Capital Holdings by 7.0% during the first quarter. American International Group Inc. now owns 22,956 shares of the financial services provider’s stock worth $191,000 after acquiring an additional 1,511 shares during the period. Los Angeles Capital Management & Equity Research Inc. raised its position in GAIN Capital Holdings by 18.5% during the first quarter. Los Angeles Capital Management & Equity Research Inc. now owns 24,592 shares of the financial services provider’s stock worth $205,000 after acquiring an additional 3,832 shares during the period. Alliancebernstein L.P. raised its position in GAIN Capital Holdings by 1.2% during the first quarter. Alliancebernstein L.P. now owns 25,100 shares of the financial services provider’s stock worth $209,000 after acquiring an additional 300 shares during the period. Finally, Metropolitan Life Insurance Co. NY raised its position in GAIN Capital Holdings by 14.8% during the first quarter. Metropolitan Life Insurance Co. NY now owns 28,588 shares of the financial services provider’s stock worth $238,000 after acquiring an additional 3,689 shares during the period. Institutional investors own 53.45% of the company’s stock.

Shares of GAIN Capital Holdings, Inc. (NYSE GCAP) opened at 6.19 on Wednesday. The company has a 50 day moving average of $6.41 and a 200-day moving average of $6.53. GAIN Capital Holdings, Inc. has a one year low of $4.54 and a one year high of $8.75. The stock has a market cap of $292.42 million, a price-to-earnings ratio of 27.15 and a beta of 0.30.

GAIN Capital Holdings (NYSE:GCAP) last released its quarterly earnings results on Thursday, August 3rd. The financial services provider reported $0.25 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.25. The business had revenue of $98.10 million during the quarter, compared to the consensus estimate of $98.70 million. GAIN Capital Holdings had a return on equity of 2.85% and a net margin of 3.21%. The business’s revenue was down 9.2% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.27 EPS. On average, analysts anticipate that GAIN Capital Holdings, Inc. will post $0.07 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 19th. Investors of record on Tuesday, September 12th were paid a $0.06 dividend. This represents a $0.24 annualized dividend and a yield of 3.88%. The ex-dividend date was Monday, September 11th. GAIN Capital Holdings’s payout ratio is 104.35%.

GCAP has been the subject of a number of recent research reports. Zacks Investment Research upgraded shares of GAIN Capital Holdings from a “strong sell” rating to a “hold” rating and set a $7.25 target price for the company in a research report on Monday, July 10th. Jefferies Group LLC reiterated a “buy” rating and issued a $8.50 target price (down from $9.00) on shares of GAIN Capital Holdings in a research report on Friday, August 4th. TheStreet upgraded shares of GAIN Capital Holdings from a “c” rating to a “b-” rating in a research report on Monday, August 7th. BidaskClub cut shares of GAIN Capital Holdings from a “buy” rating to a “hold” rating in a research report on Tuesday, August 22nd. Finally, Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $7.00 target price on shares of GAIN Capital Holdings in a research report on Friday, October 6th. One analyst has rated the stock with a sell rating, two have issued a hold rating and one has given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $7.58.

ILLEGAL ACTIVITY NOTICE: This report was first posted by Transcript Daily and is the property of of Transcript Daily. If you are accessing this report on another publication, it was stolen and reposted in violation of U.S. & international copyright laws. The correct version of this report can be read at https://transcriptdaily.com/2017/10/18/gain-capital-holdings-inc-gcap-shares-sold-by-bank-of-new-york-mellon-corp.html.

In other news, major shareholder Ltd Ipgl bought 71,306 shares of the business’s stock in a transaction that occurred on Thursday, September 7th. The stock was purchased at an average price of $6.20 per share, with a total value of $442,097.20. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Christopher Warren Calhoun sold 15,000 shares of the business’s stock in a transaction dated Monday, August 7th. The shares were sold at an average price of $7.00, for a total transaction of $105,000.00. Following the completion of the transaction, the director now directly owns 40,149 shares of the company’s stock, valued at approximately $281,043. The disclosure for this sale can be found here. In the last three months, insiders purchased 200,000 shares of company stock valued at $1,244,594 and sold 25,000 shares valued at $172,700. Insiders own 5.60% of the company’s stock.

GAIN Capital Holdings 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.

Institutional Ownership by Quarter for GAIN Capital Holdings (NYSE:GCAP)

Receive News & Ratings for GAIN Capital Holdings Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for GAIN Capital Holdings Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply