Zacks Investment Research Downgrades Gain Capital (GCAP) to Hold

Zacks Investment Research lowered shares of Gain Capital (NYSE:GCAP) from a buy rating to a hold rating in a report published on Tuesday morning.

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. “

GCAP has been the topic of a number of other reports. ValuEngine upgraded shares of Gain Capital from a hold rating to a buy rating in a research report on Tuesday, October 16th. TheStreet upgraded shares of Gain Capital from a c rating to a b- rating in a research report on Friday, October 26th. JPMorgan Chase & Co. began coverage on shares of Gain Capital in a research report on Friday, August 31st. They set a neutral rating and a $9.00 target price on the stock. Finally, Jefferies Financial Group reiterated a buy rating and set a $10.00 target price on shares of Gain Capital in a research report on Friday, July 13th. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The company has a consensus rating of Hold and a consensus target price of $8.75.

Shares of GCAP stock remained flat at $$7.84 during trading hours on Tuesday. 470,930 shares of the stock were exchanged, compared to its average volume of 669,330. Gain Capital has a 12 month low of $6.08 and a 12 month high of $13.26. The firm has a market capitalization of $346.72 million, a price-to-earnings ratio of -39.20, a price-to-earnings-growth ratio of 1.32 and a beta of 0.05. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.39 and a quick ratio of 1.37.

Gain Capital (NYSE:GCAP) last announced its earnings results on Thursday, October 25th. The financial services provider reported $0.30 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.13 by $0.17. Gain Capital had a net margin of 25.74% and a return on equity of 9.10%. The company had revenue of $95.50 million for the quarter, compared to analyst estimates of $85.77 million. Equities research analysts anticipate that Gain Capital will post 0.79 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 18th. Stockholders of record on Tuesday, December 11th will be given a dividend of $0.06 per share. The ex-dividend date of this dividend is Monday, December 10th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 3.06%. Gain Capital’s payout ratio is -120.00%.

Several hedge funds have recently made changes to their positions in the company. BlackRock Inc. raised its stake in shares of Gain Capital by 15.2% during the third quarter. BlackRock Inc. now owns 1,748,115 shares of the financial services provider’s stock worth $11,363,000 after buying an additional 230,698 shares during the last quarter. Weber Alan W raised its stake in shares of Gain Capital by 22.8% during the second quarter. Weber Alan W now owns 806,774 shares of the financial services provider’s stock worth $6,091,000 after buying an additional 150,001 shares during the last quarter. Assenagon Asset Management S.A. bought a new stake in shares of Gain Capital during the third quarter worth approximately $3,907,000. Millennium Management LLC raised its stake in shares of Gain Capital by 1,767.6% during the second quarter. Millennium Management LLC now owns 506,240 shares of the financial services provider’s stock worth $3,822,000 after buying an additional 479,134 shares during the last quarter. Finally, Acadian Asset Management LLC bought a new stake in shares of Gain Capital during the second quarter worth approximately $2,729,000. Institutional investors own 55.24% of the company’s stock.

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 three segments: Retail, Institutional, and Futures. It specializes in over-the-counter (OTC) and exchange-traded markets.

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