ValuEngine Upgrades Gain Capital (GCAP) to “Buy”

Gain Capital (NYSE:GCAP) was upgraded by ValuEngine from a “hold” rating to a “buy” rating in a research report issued on Tuesday.

Several other research analysts have also recently issued reports on GCAP. Zacks Investment Research cut shares of Gain Capital from a “buy” rating to a “hold” rating in a report on Wednesday, June 27th. Jefferies Financial Group restated a “buy” rating and issued a $10.00 target price on shares of Gain Capital in a report on Friday, July 13th. TheStreet cut shares of Gain Capital from a “b-” rating to a “c” rating in a report on Friday, July 27th. Finally, JPMorgan Chase & Co. initiated coverage on shares of Gain Capital in a report on Friday, August 31st. They issued a “neutral” rating and a $9.00 target price on the stock. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $8.94.

Shares of NYSE GCAP opened at $7.63 on Tuesday. Gain Capital has a one year low of $6.04 and a one year high of $13.26. The company has a current ratio of 1.37, a quick ratio of 1.37 and a debt-to-equity ratio of 0.38. The company has a market cap of $290.17 million, a price-to-earnings ratio of -38.15, a price-to-earnings-growth ratio of 1.35 and a beta of 0.22.

Gain Capital (NYSE:GCAP) last issued its quarterly earnings results on Thursday, July 26th. The financial services provider reported $0.10 EPS for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.06). Gain Capital had a net margin of 22.48% and a return on equity of 5.90%. The business had revenue of $84.20 million for the quarter, compared to the consensus estimate of $92.95 million. During the same quarter in the previous year, the business earned $0.25 earnings per share. The firm’s revenue was down 7.1% on a year-over-year basis. As a group, sell-side analysts predict that Gain Capital will post 0.64 EPS for the current fiscal year.

In other news, Director Alex Goor bought 45,000 shares of the business’s stock in a transaction dated Tuesday, August 7th. The shares were purchased at an average price of $7.03 per share, for a total transaction of $316,350.00. Following the completion of the acquisition, the director now owns 196,093 shares of the company’s stock, valued at $1,378,533.79. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders bought 109,799 shares of company stock worth $790,259 in the last 90 days. Company insiders own 6.40% of the company’s stock.

Large investors have recently added to or reduced their stakes in the stock. LMR Partners LLP bought a new stake in Gain Capital in the second quarter valued at $146,000. Bank of America Corp DE boosted its holdings 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 in the last quarter. Paloma Partners Management Co bought a new stake in Gain Capital in the second quarter valued at $247,000. Element Capital Management LLC purchased a new position in Gain Capital during the first quarter valued at $388,000. Finally, Wedge Capital Management L L P NC purchased a new position in Gain Capital during the second quarter valued at $707,000. Institutional investors and hedge funds own 53.41% of the company’s stock.

Gain Capital Company Profile

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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To view ValuEngine’s full report, visit ValuEngine’s official website.

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