Signia Capital Management buys $2,229,714 stake in Gain Capital Holdings Inc (GCAP)

Gain Capital Holdings Inc (GCAP) : Signia Capital Management scooped up 31,251 additional shares in Gain Capital Holdings Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 2, 2016. The investment management firm now holds a total of 323,147 shares of Gain Capital Holdings Inc which is valued at $2,229,714.Gain Capital Holdings Inc makes up approximately 6.52% of Signia Capital Management’s portfolio.

Gain Capital Holdings Inc opened for trading at $6.75 and hit $6.98 on the upside on Friday, eventually ending the session at $6.9, with a gain of 2.07% or 0.14 points. The heightened volatility saw the trading volume jump to 2,60,872 shares. Company has a market cap of $335 M.

Other Hedge Funds, Including , Wedge Capital Management L L Pnc sold out all of its stake in GCAP during the most recent quarter. The investment firm sold 75,200 shares of GCAP which is valued $518,880. Rockefeller Financial Services Inc sold out all of its stake in GCAP during the most recent quarter. The investment firm sold 43,994 shares of GCAP which is valued $301,359.Buckhead Capital Management boosted its stake in GCAP in the latest quarter, The investment management firm added 23,930 additional shares and now holds a total of 119,149 shares of Gain Capital Holdings Inc which is valued at $816,171. Gain Capital Holdings Inc makes up approx 0.15% of Buckhead Capital Management’s portfolio. Strs Ohio sold out all of its stake in GCAP during the most recent quarter. The investment firm sold 55,600 shares of GCAP which is valued $384,752. Boston Advisors sold out all of its stake in GCAP during the most recent quarter. The investment firm sold 565,380 shares of GCAP which is valued $3,912,430.

On the company’s financial health, Gain Capital Holdings Inc reported $0.35 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on May 5, 2016. Analyst had a consensus of $0.33. The company had revenue of $115.60 million for the quarter, compared to analysts expectations of $116.79 million. The company’s revenue was up 24.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.24 EPS.

Many Wall Street Analysts have commented on Gain Capital Holdings Inc. Shares were Reiterated by Jefferies on Mar 22, 2016 to “Buy” and Lowered the Price Target to $ 7.50 from a previous price target of $10 .Gain Capital Holdings Inc was Downgraded by Raymond James to ” Mkt Perform” on Mar 16, 2016.

GAIN Capital Holdings Inc. (GAIN Capital) is a global provider of trading services and solutions specializing in over-the-counter (OTC) and exchange-traded markets. The Company operates in two businesses: Retail Business which provides access to a range of global financial markets and Institutional Business which provides agency execution services and offers access to markets and self-directed trading in foreign exchange commodities equities options and futures through an electronic communications network (ECN) through its GTX platform. It serves retail and institutional customers in over 180 countries around the world and conducts business from its offices in New York New York; Bedminster New Jersey; Jersey City New Jersey; Chicago Illinois; Powell Ohio; Grand Rapids Michigan; London the United Kingdom; Cornwall the United Kingdom; Tokyo Japan; Sydney Australia; Beijing China; Hong Kong and Singapore. It also provides City Index a CFD and spread bet brand.

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