In a just published Form 13, filed with the US Securities and Exchange Commission (SEC), Gain Capital Holdings Inc. (NYSE:GCAP) reported that Bank Of Montreal /can/ has picked up 141,601 of common stock as of 2017-03-21.
The acquisition brings the aggregate amount owned by Bank Of Montreal /can/ to a total of 141,601 representing a 0.291% stake in the company.
For those not familiar with the company, GAIN Capital Holdings, Inc. 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, Futures segment, and Corporate and other. The retail segment provides its retail customers with access to a range of global financial markets, including spot foreign exchange (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. The institutional segment provides agency execution services and offers access to markets and self-directed trading in forex, commodities, equities, options and futures through an electronic communications network (ECN), through its GTX platform. The futures segment offers execution and risk management services for exchange-traded futures and futures options on the United States and European futures and options exchanges.
A glance at Gain Capital Holdings Inc. (NYSE:GCAP)’s key stats reveals a current market capitalization of 48.23 Million based on 388.77 Million shares outstanding and a price at last close of $8.07 per share.
Looking at insider activity, there are a few transactions worth noting.
Specifically, on 2016-02-25, Schenk picked up 10,000 at a purchase price of $6.91. This brings their total holding to 102,345 as of the date of the filing.
On the sell side, the most recent transaction saw Roady unload 15,000 shares at a sale price of $18.18. This brings their total holding to 239,060.
It’s possible to gauge a company’s potential by tracking the activity of its major holders, as well as checking in on insider activity such as those transactions listed above. We’ll be keeping an eye on Gain Capital Holdings Inc. (NYSE:GCAP) as things move forward to see if its progress aligns with these transactions.
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