Zacks Investment Research Downgrades Gain Capital (GCAP) to Hold

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Zacks Investment Research cut shares of Gain Capital (NYSE:GCAP) from a buy rating to a hold rating in a research report sent to investors 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. “

Several other research analysts also recently issued reports on the stock. TheStreet upgraded shares of Gain Capital from a c rating to a b- rating in a report on Friday, October 26th. ValuEngine upgraded shares of Gain Capital from a hold rating to a buy rating in a report on Tuesday, October 16th. JPMorgan Chase & Co. assumed coverage on shares of Gain Capital in a report on Friday, August 31st. They set a neutral rating and a $9.00 price objective on the stock. Finally, Jefferies Financial Group restated a buy rating and set a $10.00 price objective on shares of Gain Capital in a report on Friday, July 13th. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The company has a consensus rating of Hold and an average price target of $8.75.

GCAP remained flat at $$7.84 during trading on Tuesday. 470,930 shares of the company traded hands, compared to its average volume of 669,330. The company has a market cap of $346.72 million, a P/E ratio of -39.20, a PEG ratio of 1.32 and a beta of 0.05. Gain Capital has a 12-month low of $6.08 and a 12-month high of $13.26. The company has a quick ratio of 1.37, a current ratio of 1.39 and a debt-to-equity ratio of 0.38.

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

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

Several large investors have recently bought and sold shares of the company. LMR Partners LLP bought a new stake in Gain Capital in the second quarter valued at about $146,000. Engineers Gate Manager LP bought a new stake in Gain Capital in the third quarter valued at about $183,000. First Trust Advisors LP bought a new stake in Gain Capital in the third quarter valued at about $221,000. Bank of America Corp DE increased its stake in Gain Capital by 51.4% in the second quarter. Bank of America Corp DE now owns 31,011 shares of the financial services provider’s stock valued at $234,000 after acquiring an additional 10,526 shares during the period. Finally, Paloma Partners Management Co bought a new stake in Gain Capital in the second quarter valued at about $247,000. 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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