California Public Employees Retirement System increased its stake in Gain Capital Holdings Inc. (NYSE:GCAP) by 8.9% during the second quarter, Holdings Channel reports. The firm owned 163,200 shares of the company’s stock after buying an additional 13,300 shares during the period. California Public Employees Retirement System owned approximately 0.34% of Gain Capital Holdings worth $1,031,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently modified their holdings of GCAP. Royce & Associates LP boosted its stake in shares of Gain Capital Holdings by 13.6% in the first quarter. Royce & Associates LP now owns 921,000 shares of the company’s stock valued at $6,042,000 after buying an additional 110,000 shares in the last quarter. Foundry Partners LLC boosted its stake in shares of Gain Capital Holdings by 0.3% in the second quarter. Foundry Partners LLC now owns 470,960 shares of the company’s stock worth $2,976,000 after buying an additional 1,375 shares during the period. Bank of Montreal Can bought a new stake in shares of Gain Capital Holdings during the second quarter worth approximately $12,188,000. Strs Ohio boosted its stake in shares of Gain Capital Holdings by 8.5% in the second quarter. Strs Ohio now owns 53,800 shares of the company’s stock worth $340,000 after buying an additional 4,200 shares during the period. Finally, American Century Companies Inc. boosted its stake in shares of Gain Capital Holdings by 42.1% in the second quarter. American Century Companies Inc. now owns 298,721 shares of the company’s stock worth $1,888,000 after buying an additional 88,496 shares during the period. Institutional investors and hedge funds own 50.58% of the company’s stock.
Gain Capital Holdings Inc. (NYSE:GCAP) traded down 0.53% during trading on Tuesday, reaching $5.60. The company’s stock had a trading volume of 21,631 shares. Gain Capital Holdings Inc. has a 12 month low of $5.60 and a 12 month high of $8.48. The company’s 50-day moving average is $6.20 and its 200-day moving average is $6.54. The stock has a market cap of $272.38 million, a PE ratio of 8.85 and a beta of -0.01.
Gain Capital Holdings (NYSE:GCAP) last announced its quarterly earnings results on Thursday, August 4th. The company reported $0.27 EPS for the quarter, beating the Zacks’ consensus estimate of $0.25 by $0.02. Gain Capital Holdings had a return on equity of 21.66% and a net margin of 9.34%. The firm had revenue of $108.30 million for the quarter, compared to analyst estimates of $104.70 million. During the same period last year, the firm posted $0.01 earnings per share. The business’s revenue for the quarter was down 2.9% on a year-over-year basis. Equities analysts expect that Gain Capital Holdings Inc. will post $0.87 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Tuesday, September 20th. Stockholders of record on Tuesday, September 13th were paid a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 3.55%. The ex-dividend date was Friday, September 9th. Gain Capital Holdings’s payout ratio is 22.99%.
A number of analysts recently issued reports on the company. Jefferies Group reissued a “buy” rating on shares of Gain Capital Holdings in a research note on Thursday, August 4th. TheStreet cut Gain Capital Holdings from a “buy” rating to a “hold” rating in a research note on Monday, September 12th. Finally, Zacks Investment Research raised Gain Capital Holdings from a “sell” rating to a “hold” rating in a research note on Friday, August 5th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $8.06.
About Gain Capital Holdings
GAIN Capital Holdings, Inc 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, Futures segment, and Corporate and other. The retail segment provides its retail customers with access to a range of global financial markets, including spot foreign exchange (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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