gfi group inc (GFIG:New York)
gfi group inc (GFIG) Snapshot
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Open
$4.28
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Previous Close
$4.25
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Day High
$4.42
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Day Low
$4.27
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52 Week High
05/17/13 - $4.42
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52 Week Low
06/11/12 - $2.20
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Market Cap
528.7M
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Average Volume 10 Days
164.2K
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EPS TTM
$-0.14
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Shares Outstanding
120.1M
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EX-Date
05/15/13
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P/E TM
--
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Dividend
$0.20
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Dividend Yield
4.55%
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Related News
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GFI Group Inc. provides wholesale brokerage, clearing, and electronic execution and trading support products and services for financial markets in the United States, the United Kingdom, and internationally. The company provides brokerage services in fixed income derivatives, bond instruments, and other related products; and non-derivative credit instruments, such as investment grade and high yield corporate bonds, Eurobonds, European government bonds, bank capital preferred shares, asset-backed bonds, and floating rate notes. It also offers brokerage services in financial instruments, including foreign exchange options, exotic options, non-U.S. Dollar interest rate swaps and options, repurchase agreements, forward and non-deliverable forward contracts, inflation derivatives, and government and municipal bond options; and cash-based and derivative equity products, such as the U.S. domestic and international equity stocks, global depositary receipts, American depositary receipts, and equity derivatives. In addition, the company provides brokerage services in cash-based and derivative commodity, and energy products comprising oil, natural gas, biofuel, electricity, wet and dry freight derivatives, dry physical freight, precious metals, coal, property derivatives, emissions, ethanol, and soft commodities. Further, it offers clearing, brokerage, settlement, and back-office services to traders, brokers, market makers, and hedge funds; capital to start-up trading groups, small hedge funds, market-makers, and individual traders; multi-asset class electronic trading and order management software to brokers, exchanges, and traders in the commodities, fixed income, currencies, and equities markets; and FENICS Professional, a suite of price discovery, price distribution, trading, risk management, and straight-through processing components. GFI Group Inc. was founded in 1987 and is headquartered in New York, New York.
gfi group inc (GFIG) Top Compensated Officers
gfi group inc (GFIG) Key Developments
To discuss different aspects of GFI's business
The Board of Directors of GFI Group Inc. declared a quarterly cash dividend of $0.05 per share payable on May 31, 2013 to shareholders of record as of May 17, 2013. The company reported unaudited consolidated financial results for the first quarter ended March 31, 2013. Non-GAAP net revenues decreased 11.8% to $199.8 million in the first quarter of 2013, from $226.4 million in the first quarter of 2012. Non-GAAP net income was $7.2 million, or $0.06 per diluted share, compared with $8.4 million, or $0.07 per diluted share, in the first quarter of 2012. Cash earnings for the three month period ended March 31, 2013 were $27.2 million, or $0.22 per diluted share, compared with $30.3 million, or $0.24 per diluted share, for the same period in 2012. Non-GAAP net revenues and brokerage revenues were down 11.8% and 14.7%, respectively, while GFI's software, analytics and market data revenues grew 10.8% largely due to continued growth at Trayport. GAAP net revenues were $201.5 million in the first quarter 2013, compared with $226.6 million in the first quarter of 2012. GAAP net income was $4.7 million, or $0.04 per diluted share, in the first quarter of 2013, compared with $4.8 million, or $0.04 per diluted share, in the first quarter of 2012. Total revenues were $244.392 million, compared to $260.175 million in the first quarter of 2012. Income before provision for income taxes was $95,000, compared to $7.719 million in the first quarter of 2012. Adjusted EBITDA was $36.019 million, compared to $41.434 million in the first quarter of 2012. The company believes that it is on track to reach in excess of $50 million in total cost savings in 2013, as compared to 2011 expense levels, and it expects to realize improved profitability compared to last year.
GFI Group Inc. announced that they will report Q1, 2013 results After-Market on Apr 25, 2013
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Industry Analysis
GFIG
Industry Average
| Valuation | GFIG | Industry Range |
| Price/Earnings | NM | Not Meaningful |
| Price/Sales | 0.6x |
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| Price/Book | 1.2x |
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| Price/Cash Flow | 19.9x |
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| TEV/Sales | NM | Not Meaningful |
Post a JobJobs
- Clearwater, FL | GFIPosted: Apr 16
- Clearwater, FL | GFIPosted: Apr 16
- Clearwater, FL | GFIPosted: Apr 16
- Burlington, MA | GFIPosted: Apr 16
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To contact GFI GROUP INC, please visit www.gfigroup.com. Company data is provided by Capital IQ. Please use this form to report any data issues.
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