Gain Capital Holdings Inc (GCAP) Holdings Reduced by Northern Trust Corp

Northern Trust Corp decreased its holdings in Gain Capital Holdings Inc (NYSE:GCAP) by 0.8% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 971,229 shares of the financial services provider’s stock after selling 7,424 shares during the quarter. Northern Trust Corp owned about 2.19% of Gain Capital worth $5,983,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. Renaissance Technologies LLC acquired a new position in shares of Gain Capital in the 3rd quarter valued at about $105,000. Hartford Investment Management Co. acquired a new position in shares of Gain Capital in the 4th quarter valued at about $144,000. Vident Investment Advisory LLC increased its stake in shares of Gain Capital by 100.4% in the 3rd quarter. Vident Investment Advisory LLC now owns 24,814 shares of the financial services provider’s stock valued at $161,000 after purchasing an additional 12,432 shares in the last quarter. Rhumbline Advisers increased its stake in shares of Gain Capital by 39.3% in the 4th quarter. Rhumbline Advisers now owns 38,821 shares of the financial services provider’s stock valued at $239,000 after purchasing an additional 10,950 shares in the last quarter. Finally, O Shaughnessy Asset Management LLC increased its stake in shares of Gain Capital by 13.5% in the 4th quarter. O Shaughnessy Asset Management LLC now owns 48,840 shares of the financial services provider’s stock valued at $301,000 after purchasing an additional 5,807 shares in the last quarter. 56.26% of the stock is owned by hedge funds and other institutional investors.

Several equities analysts recently weighed in on GCAP shares. Zacks Investment Research lowered Gain Capital from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 15th. TheStreet cut Gain Capital from a “b-” rating to a “c+” rating in a report on Tuesday, January 15th. Finally, ValuEngine upgraded Gain Capital from a “sell” rating to a “hold” rating in a report on Monday, February 4th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and one has issued a buy rating to the company’s stock. Gain Capital has an average rating of “Hold” and a consensus price target of $8.75.

In related news, insider Samantha Roady sold 4,893 shares of the stock in a transaction on Monday, March 18th. The stock was sold at an average price of $6.57, for a total value of $32,147.01. Following the transaction, the insider now owns 241,257 shares of the company’s stock, valued at $1,585,058.49. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Nigel Rose sold 4,256 shares of the stock in a transaction on Monday, March 18th. The shares were sold at an average price of $6.57, for a total value of $27,961.92. Following the completion of the transaction, the chief financial officer now directly owns 114,923 shares in the company, valued at approximately $755,044.11. The disclosure for this sale can be found here. Insiders have sold 25,164 shares of company stock worth $145,317 in the last ninety days. Corporate insiders own 6.40% of the company’s stock.

NYSE:GCAP traded up $0.11 during trading hours on Friday, reaching $4.90. 254,629 shares of the stock were exchanged, compared to its average volume of 219,876. The company has a quick ratio of 1.34, a current ratio of 1.34 and a debt-to-equity ratio of 0.44. Gain Capital Holdings Inc has a twelve month low of $4.58 and a twelve month high of $8.37. The stock has a market capitalization of $177.40 million, a price-to-earnings ratio of 7.31 and a beta of 0.39.

Gain Capital (NYSE:GCAP) last released its quarterly earnings results on Thursday, February 28th. The financial services provider reported ($0.11) EPS for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.06). Gain Capital had a negative return on equity of 4.49% and a net margin of 16.24%. The firm had revenue of $79.90 million for the quarter, compared to analyst estimates of $77.05 million. On average, sell-side analysts expect that Gain Capital Holdings Inc will post -0.46 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Monday, June 24th will be given a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a dividend yield of 4.90%. The ex-dividend date of this dividend is Friday, June 21st. Gain Capital’s dividend payout ratio is currently 35.82%.

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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 two segments, Retail and Futures. It specializes in over-the-counter (OTC) and exchange-traded markets. The company offers access to a range of financial products, including spot foreign exchange (forex) and precious metals trading; and spread bets and contracts for differences on currencies, commodities, indices, individual equities, bonds, options, and interest rate products, as well as OTC options on forex.

Further Reading: Outstanding Shares and The Effect on Share Price

Institutional Ownership by Quarter for Gain Capital (NYSE:GCAP)

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