LSV Asset Management Reduces Position in Gain Capital Holdings Inc (GCAP)
LSV Asset Management reduced its position in shares of Gain Capital Holdings Inc (NYSE:GCAP) by 2.2% in the 4th quarter, Holdings Channel reports. The firm owned 423,884 shares of the financial services provider’s stock after selling 9,325 shares during the quarter. LSV Asset Management’s holdings in Gain Capital were worth $4,238,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors have also recently added to or reduced their stakes in the company. Los Angeles Capital Management & Equity Research Inc. acquired a new stake in Gain Capital during the 3rd quarter worth approximately $104,000. DORCHESTER WEALTH MANAGEMENT Co acquired a new stake in Gain Capital during the 4th quarter worth approximately $170,000. Trexquant Investment LP acquired a new stake in Gain Capital during the 3rd quarter worth approximately $109,000. Principal Financial Group Inc. acquired a new stake in Gain Capital during the 2nd quarter worth approximately $119,000. Finally, Voya Investment Management LLC increased its stake in Gain Capital by 17.1% during the 2nd quarter. Voya Investment Management LLC now owns 25,712 shares of the financial services provider’s stock worth $160,000 after acquiring an additional 3,755 shares during the period. 55.84% of the stock is owned by institutional investors and hedge funds.
In other news, insider Samantha Roady sold 36,000 shares of Gain Capital stock in a transaction on Tuesday, January 16th. The stock was sold at an average price of $8.37, for a total value of $301,320.00. Following the transaction, the insider now owns 297,354 shares in the company, valued at approximately $2,488,852.98. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, General Counsel Diego Rotsztain sold 49,149 shares of Gain Capital stock in a transaction on Thursday, December 28th. The shares were sold at an average price of $9.00, for a total value of $442,341.00. Following the completion of the transaction, the general counsel now owns 107,615 shares in the company, valued at approximately $968,535. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 134,298 shares of company stock worth $1,186,002. Corporate insiders own 5.60% of the company’s stock.
GCAP has been the topic of a number of recent research reports. ValuEngine lowered Gain Capital from a “hold” rating to a “sell” rating in a research note on Friday, February 2nd. BidaskClub lowered Gain Capital from a “hold” rating to a “sell” rating in a research note on Monday, October 23rd. Finally, TheStreet lowered Gain Capital from a “b-” rating to a “c” rating in a research note on Thursday, October 26th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and one has given a buy rating to the company’s stock. Gain Capital has a consensus rating of “Hold” and a consensus price target of $7.58.
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Gain Capital Company Profile
GAIN Capital Holdings, Inc (GAIN) is a provider of trading services and solutions, specializing in over-the-counter (OTC) and exchange-traded markets. The Company’s segments include Retail segment, Institutional segment and Futures segment. Through its retail segment, the Company provides its retail customers across the world with access to a range of global financial markets, including spot forex, precious metals, spread bets and contracts for difference (CFDs) on commodities, indices, individual equities and interest rate products, as well OTC options on forex.
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