Francisco Partners Management Lp Lowers stake in Gain Capital Holdings Inc (GCAP)

Gain Capital Holdings Inc (GCAP) : Francisco Partners Management Lp reduced its stake in Gain Capital Holdings Inc by 50.3% during the most recent quarter end. The investment management company now holds a total of 186,435 shares of Gain Capital Holdings Inc which is valued at $1.3 Million after selling 188,692 shares in Gain Capital Holdings Inc , the firm said in a disclosure report filed with the SEC on May 13, 2016.Gain Capital Holdings Inc makes up approximately 0.50% of Francisco Partners Management Lp’s portfolio.

Other Hedge Funds, Including , Vanguard Group Inc boosted its stake in GCAP in the latest quarter, The investment management firm added 119,593 additional shares and now holds a total of 1,095,091 shares of Gain Capital Holdings Inc which is valued at $7.6 Million.Schwab Charles Investment Management Inc reduced its stake in GCAP by selling 135,606 shares or 48.44% in the most recent quarter. The Hedge Fund company now holds 144,329 shares of GCAP which is valued at $995,870.California Public Employees Retirement System boosted its stake in GCAP in the latest quarter, The investment management firm added 7,300 additional shares and now holds a total of 56,000 shares of Gain Capital Holdings Inc which is valued at $386,400.Rhumbline Advisers boosted its stake in GCAP in the latest quarter, The investment management firm added 4,255 additional shares and now holds a total of 44,527 shares of Gain Capital Holdings Inc which is valued at $307,236.

Gain Capital Holdings Inc closed down -0.02 points or -0.29% at $6.84 with 3,23,648 shares getting traded on Wednesday. Post opening the session at $6.92, the shares hit an intraday low of $6.82 and an intraday high of $7.015 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

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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