GAIN Capital Holdings, Inc. (GCAP) Director Sells 5000 Shares of Stock

Pierre Vaugeois
Août 17, 2017

The firm owned 53,000 shares of the financial services provider's stock after selling 1,600 shares during the period. These repurchases could increase, or prevent a decrease in, the market price of GAIN Capital common stock or the notes and could result in a higher effective conversion price for the notes. Institutional investors own 49.06% of the company's stock. NY raised its position in shares of GAIN Capital Holdings by 14.8% in the first quarter. They now have a $8.50 target price on the financial services provider's stock, down from their previous target price of $9.00. Alpine Woods Capital Investors LLC bought a new position in shares of GAIN Capital Holdings during the second quarter valued at approximately $155,000. Voya Investment Management LLC now owns 25,712 shares of the financial services provider's stock worth $160,000 after buying an additional 3,755 shares in the last quarter. State Street Corp increased its stake in GAIN Capital Holdings by 6.9% in the fourth quarter. Goldman Sachs Group Inc. now owns 73,010 shares of the financial services provider's stock valued at $608,000 after buying an additional 33,684 shares in the last quarter. Virginia Retirement Systems ET AL acquired a new stake in shares of GAIN Capital Holdings during the first quarter valued at $1,064,000. NY now owns 28,588 shares of the financial services provider's stock valued at $238,000 after buying an additional 3,689 shares in the last quarter. Martingale Asset Management L P purchased a new stake in GAIN Capital Holdings during the first quarter worth about $126,000. Francisco Partners Management LP's holdings in GAIN Capital Holdings were worth $1,161,000 at the end of the most recent quarter.

ILLEGAL ACTIVITY NOTICE: "GAIN Capital Holdings, Inc". (GCAP) remained flat at $6.85 during midday trading on Tuesday.

Investors and traders using technical analysis to examine stocks may be interested in taking a look at the ATR or Average True Range.

GAIN Capital Holdings, Inc. has a 52 week low of $4.54 and a 52 week high of $8.75. The firm has a market capitalization of $328.32 million, a P/E ratio of 30.48 and a beta of 0.29. The company's 50 day moving average is $6.59 and its 200 day moving average is $7.03.

Following yesterday's announcement about an incoming debt sale, GAIN Capital announced that it priced the issue. The financial services provider reported $0.25 EPS for the quarter, meeting the Thomson Reuters' consensus estimate of $0.25. GAIN Capital Holdings Inc (GCAP) now has a 14 day Williams %R of -73.61. The company had revenue of $98.10 million for the quarter, compared to analyst estimates of $98.70 million. During the same period in the prior year, the company posted $0.27 earnings per share. The firm's quarterly revenue was down 9.2% compared to the same quarter previous year.

Traders are paying renewed attention to shares of GAIN Capital Holdings Inc (GCAP). Shares buyback programs are often a sign that the company's management believes its shares are undervalued. Shareholders of record on Tuesday, September 12th will be given a dividend of $0.06 per share. The ex-dividend date of this dividend is Monday, September 11th. The current 14-day RSI is presently sitting at 54.94, the 7-day is 48.85, and the 3-day is 34.87. GAIN Capital Holdings's payout ratio is 104.35%.

TRADEMARK VIOLATION WARNING: This report was first reported by Chaffey Breeze and is owned by of Chaffey Breeze. If you are reading this news story on another domain, it was illegally copied and reposted in violation of USA & global trademark and copyright law. The legal version of this piece can be read at https://stocknewstimes.com/2017/08/17/gain-capital-holdings-inc-gcap-stake-lowered-by-foundry-partners-llc.html. Finally, Keefe, Bruyette & Woods reissued a "hold" rating and issued a $7.00 price target on shares of GAIN Capital Holdings in a research note on Friday, May 5th. TheStreet cut shares of GAIN Capital Holdings from a "b-" rating to a "c" rating in a research note on Thursday, May 4th. Jefferies Group LLC reiterated a "buy" rating and issued a $8.50 target price (down from $9.00) on shares of GAIN Capital Holdings in a research report on Friday, August 4th. Finally, Zacks Investment Research cut GAIN Capital Holdings from a "buy" rating to a "sell" rating in a research report on Tuesday, July 18th.

In other GAIN Capital Holdings news, Director Christopher Warren Calhoun sold 5,000 shares of GAIN Capital Holdings stock in a transaction that occurred on Monday, July 17th. The stock was sold at an average price of $6.50, for a total transaction of $23,380.50. Following the transaction, the insider now directly owns 269,055 shares in the company, valued at approximately $1,619,711.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. The notes and the shares of common stock issuable upon conversion of the notes, if any, will not be registered under the Act or any state securities laws, and unless so registered, may not be offered or sold in the United States except pursuant to an exemption from the registration requirements of the Act and applicable state laws. The stock of AMEC Foster Wheeler plc American Depositary Shares (NYSE:AMFW) earned "Neutral" rating by Bank of America on Thursday, November 5.

GAIN Capital Holdings, Inc (GAIN) is a provider of trading services and solutions, specializing in over-the-counter (OTC) and exchange-traded markets.

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