|Bid||5.84 x 100|
|Ask||6.55 x 1200|
|Day's Range||6.80 - 6.97|
|52 Week Range||4.54 - 8.75|
|PE Ratio (TTM)||62.09|
|Earnings Date||Aug 2, 2017 - Aug 7, 2017|
|Dividend & Yield||0.24 (3.50%)|
|1y Target Est||7.50|
BEDMINSTER, N.J., Aug. 16, 2017 /PRNewswire/ -- GAIN Capital Holdings, Inc. (GCAP) ("GAIN Capital") today announced its intention to offer, subject to market conditions and other factors, $80 million aggregate principal amount of its convertible senior notes due 2022 in a private placement to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the "Act"). GAIN Capital also expects to grant the initial purchasers of the notes a 30-day option to purchase up to an additional $12 million aggregate principal amount of the notes solely to cover over-allotments, if any. GAIN Capital intends to repurchase up to $15 million of its common stock from purchasers of notes in the offering in privately negotiated transactions effected through J.P. Morgan concurrently with the closing of the offering, which repurchases may be made using a portion of the net proceeds of the offering, amounts drawn under GAIN Capital's existing credit agreement or other cash on hand or any combination thereof. These repurchases could increase, or prevent a decrease in, the market price of GAIN Capital common stock or the notes and could result in a higher effective conversion price for the notes.
Q2 2017 GAIN Capital Holdings Inc Earnings Call
The company, based in Bedminster, New Jersey, said it had earnings of 31 cents per share. Earnings, adjusted for non-recurring gains, came to 25 cents per share. The provider of online trading services ...