Signia Capital Management Lowers stake in Gain Capital Holdings Inc (GCAP)

Gain Capital Holdings Inc (GCAP) : Signia Capital Management reduced its stake in Gain Capital Holdings Inc by 74.12% during the most recent quarter end. The investment management company now holds a total of 83,631 shares of Gain Capital Holdings Inc which is valued at $569,527 after selling 239,516 shares in Gain Capital Holdings Inc , the firm said in a disclosure report filed with the SEC on Aug 3, 2016.Gain Capital Holdings Inc makes up approximately 1.68% of Signia Capital Management’s portfolio.

Other Hedge Funds, Including , Strs Ohio boosted its stake in GCAP in the latest quarter, The investment management firm added 4,200 additional shares and now holds a total of 53,800 shares of Gain Capital Holdings Inc which is valued at $364,226. Arcadia Investment Management Corpmi added GCAP to its portfolio by purchasing 2,900 company shares during the most recent quarter which is valued at $20,213. Gain Capital Holdings Inc makes up approx 0.01% of Arcadia Investment Management Corpmi’s portfolio. Cutler Group Lp sold out all of its stake in GCAP during the most recent quarter. The investment firm sold 3,405 shares of GCAP which is valued $23,154.

Gain Capital Holdings Inc closed down -0.09 points or -1.36% at $6.51 with 1,13,965 shares getting traded on Monday. Post opening the session at $6.68, the shares hit an intraday low of $6.49 and an intraday high of $6.68 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

On the company’s financial health, Gain Capital Holdings Inc reported $0.27 EPS for the quarter, beating the analyst consensus estimate by $ 0.03 according to the earnings call on Aug 4, 2016. Analyst had a consensus of $0.24. The company had revenue of $108.30 million for the quarter, compared to analysts expectations of $104.10 million. The company’s revenue was down -2.9 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.01 EPS.

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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