Bank of New York Mellon Corp lifted its position in Gain Capital Holdings Inc (NYSE:GCAP) by 4.1% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 288,107 shares of the financial services provider’s stock after buying an additional 11,302 shares during the period. Bank of New York Mellon Corp owned approximately 0.61% of Gain Capital worth $1,841,000 as of its most recent SEC filing.
Several other institutional investors have also recently modified their holdings of the company. Los Angeles Capital Management & Equity Research Inc. purchased a new position in shares of Gain Capital in the 3rd quarter worth approximately $104,000. IndexIQ Advisors LLC boosted its stake in Gain Capital by 83.0% in the 3rd quarter. IndexIQ Advisors LLC now owns 104,048 shares of the financial services provider’s stock worth $665,000 after purchasing an additional 47,205 shares in the last quarter. Foundry Partners LLC boosted its stake in Gain Capital by 5.9% in the 3rd quarter. Foundry Partners LLC now owns 391,495 shares of the financial services provider’s stock worth $2,502,000 after purchasing an additional 21,700 shares in the last quarter. Public Employees Retirement System of Ohio acquired a new stake in Gain Capital in the 2nd quarter worth approximately $241,000. Finally, Susquehanna International Group LLP boosted its stake in Gain Capital by 28.7% in the 2nd quarter. Susquehanna International Group LLP now owns 41,782 shares of the financial services provider’s stock worth $261,000 after purchasing an additional 9,309 shares in the last quarter. 56.25% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Gain Capital Holdings Inc (GCAP) opened at $8.10 on Wednesday. The company has a market cap of $378.65, a P/E ratio of 27.00, a P/E/G ratio of 1.56 and a beta of 0.25. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.24 and a quick ratio of 1.24. Gain Capital Holdings Inc has a 12 month low of $5.56 and a 12 month high of $13.26.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, December 21st. Shareholders of record on Monday, December 11th were paid a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a yield of 2.96%. The ex-dividend date of this dividend was Friday, December 8th. Gain Capital’s payout ratio is 80.00%.
In related news, General Counsel Diego Rotsztain sold 49,149 shares of the business’s stock in a transaction on Friday, December 28th. The shares were sold at an average price of $9.00, for a total value of $442,341.00. Following the completion of the transaction, the general counsel now directly owns 107,615 shares in the company, valued at approximately $968,535. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Christopher Warren Calhoun sold 5,000 shares of the business’s stock in a transaction on Friday, October 27th. The shares were sold at an average price of $7.00, for a total transaction of $35,000.00. Following the completion of the transaction, the director now owns 23,278 shares of the company’s stock, valued at $162,946. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 103,298 shares of company stock valued at $919,682. Company insiders own 5.60% of the company’s stock.
A number of analysts recently commented on GCAP shares. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $7.00 target price on shares of Gain Capital in a research note on Friday, October 6th. Zacks Investment Research cut shares of Gain Capital from a “hold” rating to a “sell” rating in a research note on Tuesday, October 10th. BidaskClub cut shares of Gain Capital from a “hold” rating to a “sell” rating in a research note on Monday, October 23rd. Finally, TheStreet cut shares of Gain Capital from a “b-” rating to a “c” rating in a research note on Thursday, October 26th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and one has assigned a buy rating to the company. Gain Capital has a consensus rating of “Hold” and an average price target of $7.58.
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Gain Capital 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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