Gain Capital Holdings Inc (NYSE:GCAP) – Jefferies Financial Group upped their Q2 2019 earnings per share (EPS) estimates for shares of Gain Capital in a report released on Wednesday, July 10th. Jefferies Financial Group analyst D. Fannon now anticipates that the financial services provider will post earnings per share of ($0.06) for the quarter, up from their previous forecast of ($0.19). Jefferies Financial Group also issued estimates for Gain Capital’s FY2019 earnings at ($0.70) EPS.
Gain Capital (NYSE:GCAP) last issued its quarterly earnings results on Thursday, April 25th. The financial services provider reported ($0.76) earnings per share for the quarter, missing the consensus estimate of ($0.72) by ($0.04). Gain Capital had a net margin of 16.24% and a negative return on equity of 4.73%. The company had revenue of $38.40 million for the quarter, compared to the consensus estimate of $39.26 million. During the same quarter in the previous year, the business earned $0.36 earnings per share. Gain Capital’s revenue was down 61.0% compared to the same quarter last year.
Shares of NYSE:GCAP opened at $4.05 on Friday. Gain Capital has a 1-year low of $3.75 and a 1-year high of $7.90. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.29 and a quick ratio of 1.29. The firm’s fifty day moving average is $4.01. The company has a market capitalization of $144.25 million, a P/E ratio of 6.04 and a beta of 0.72.
The business also recently declared a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Monday, June 24th were issued a dividend of $0.06 per share. The ex-dividend date was Friday, June 21st. This represents a $0.24 annualized dividend and a dividend yield of 5.93%. Gain Capital’s payout ratio is presently 35.82%.
Institutional investors have recently added to or reduced their stakes in the stock. BNP Paribas Arbitrage SA boosted its position in shares of Gain Capital by 306.7% during the first quarter. BNP Paribas Arbitrage SA now owns 5,670 shares of the financial services provider’s stock valued at $36,000 after buying an additional 4,276 shares during the last quarter. Paloma Partners Management Co purchased a new stake in shares of Gain Capital during the fourth quarter valued at $150,000. Bank of America Corp DE boosted its position in shares of Gain Capital by 19.4% during the fourth quarter. Bank of America Corp DE now owns 31,690 shares of the financial services provider’s stock valued at $195,000 after buying an additional 5,139 shares during the last quarter. Mackay Shields LLC purchased a new stake in shares of Gain Capital during the fourth quarter valued at $225,000. Finally, Rhumbline Advisers boosted its position in shares of Gain Capital by 39.3% during the fourth quarter. Rhumbline Advisers now owns 38,821 shares of the financial services provider’s stock valued at $239,000 after buying an additional 10,950 shares during the last quarter. 54.90% of the stock is currently owned by institutional investors.
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.
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