Bank Of Montreal Reported increased Interest in Gain Capital Holdings, Inc
Bank Of Montreal filed with SEC a SC 13G/A form about Gain Capital Holdings, Inc. The form can be accessed here: 000119312516465752. As reported by Bank Of Montreal , the filler increased its stake in the stock by 0.63% for 3,301,897 shares. Bank Of Montreal currently owns 6.7504% of the stock. This ownership filing was filed because activity on Dec 31,2015.
The institutional investor with about $34.23 billion looks more positive after reporting such an increase of its Gain Capital Holdings, Inc ownership.
Gain Capital Holdings, Inc Institutional Sentiment
Latest Security and Exchange filings show 97 investors own Gain Capital Holdings, Inc. The institutional ownership in Q3 2015 is high, at 62.25% of the outstanding shares. This is increased by 7472615 the total institutional shares. 30509004 were the shares owned by these institutional investors. In total 12 funds opened new Gain Capital Holdings, Inc stakes, 41 increased stakes. There were 19 that closed positions and 28 reduced them.
Michael M. Rothenberg And David Sackler Moab Capital Partners Llc is an institutional investor bullish on Gain Capital Holdings, Inc, owning 44212 shares as of Q3 2015 for 0.11% of its portfolio. Boston Provident Lp owns 47536 shares or 0.29% of its portfolio. CA Cove Street Capital Llc have 0.14% of their stock portfolio for 150000 shares. Further, Signia Capital Management Llc reported stake worth 6.38% of its US stock portfolio. The GA Buckhead Capital Management Llc owns 96819 shares. Gain Capital Holdings, Inc is 0.14% of the manager’s US portfolio.
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.
SEC Form 13G is required when the filer owns between (5% and 20%) of a company and plans to hold it only as a passive investor. In case the filler intend to exert control and the stake’s exceeds 20%, then 13D Form must be filed. These filings can NOT be a precursor to “change of control” events such as hostile takeovers, company breakups or others.
Bank Of Montreal website.
The institutional sentiment decreased to 1.13 in Q3 2015. Its down 0.43, from 1.56 in 2015Q2. The ratio dropped, as 19 funds sold all Gain Capital Holdings Inc shares owned while 28 reduced positions. 12 funds bought stakes while 41 increased positions. They now own 30.51 million shares or 11.73% more from 27.31 million shares in 2015Q2.
Signia Capital Management Llc holds 6.38% of its portfolio in Gain Capital Holdings Inc for 264,904 shares. Lombardia Capital Partners Llc owns 2.04 million shares or 0.71% of their US portfolio. Moreover, Rotella Capital Management Inc. has 0.38% invested in the company for 161,354 shares. The New York-based Boston Provident L.P. has invested 0.29% in the stock. Quinn Opportunity Partners Llc, a New York-based fund reported 64,000 shares.
Since March 9, 2015, the stock had 0 insider purchases, and 1 insider sale for $479,518 net activity. Stevens Glenn Henry sold 60,000 shares worth $479,518. Calhoun Christopher Warren sold 2,500 shares worth $23,889. Roady Samantha sold 2,500 shares worth $23,885. Rotsztain Diego sold 56,247 shares worth $553,639. The insider Scott Jeffrey sold 32,125 shares worth $308,737.
Analysts await Gain Capital Holdings Inc (NYSE:GCAP) to reports earnings on February, 25. They expect $0.10 EPS, down 75.61% or $0.31 from last year’s $0.41 per share. GCAP’s profit will be $4.86M for 17.60 P/E if the $0.10 EPS becomes reality. After $0.31 actual EPS reported by Gain Capital Holdings Inc for the previous quarter, Wall Street now forecasts -67.74% negative EPS growth.
About 23,962 shares traded hands. Gain Capital Holdings Inc (NYSE:GCAP) has declined 6.50% since July 15, 2015 and is downtrending. It has outperformed by 2.50% the S&P500.
According to Zacks Investment Research, “institutional foreign exchange, trading and related services providing direct access to the global OTC foreign exchange markets, where participants trade directly with one another. Its trading platforms provide information and analytical tools that allow customers to identify, analyze and execute their trading strategies. GAIN also offers retail customers located outside the United States access to other global markets on an OTC basis, including the spot gold and silver markets, as well as equity indices and commodities. Its forex trading activities are regulated in the US by the Commodity Futures Trading Commission and the National Futures Association, in the UK by the Financial Services Authority, in Japan by the Financial Services Agency, in Hong Kong by the Securities and Futures Commission and in Australia by the Australian Securities and Investments Commission. GAIN Capital Holdings, Inc is based in Bedminster, New Jersey.”
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