Last $4.54 USD
Change Today +0.01 / 0.22%
Volume 196.6K
GFIG On Other Exchanges
Symbol
Exchange
New York
Frankfurt
As of 8:04 PM 08/21/14 All times are local (Market data is delayed by at least 15 minutes).

gfi group inc (GFIG) Snapshot

Open
$4.53
Previous Close
$4.53
Day High
$4.54
Day Low
$4.53
52 Week High
08/6/14 - $4.62
52 Week Low
07/28/14 - $2.98
Market Cap
574.5M
Average Volume 10 Days
599.4K
EPS TTM
$-0.25
Shares Outstanding
126.5M
EX-Date
05/14/14
P/E TM
--
Dividend
$0.20
Dividend Yield
4.41%
Current Stock Chart for GFI GROUP INC (GFIG)

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gfi group inc (GFIG) Details

GFI Group Inc., through its subsidiaries, 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, U.S. Dollar and 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.

2,087 Employees
Last Reported Date: 03/13/14
Founded in 1987

gfi group inc (GFIG) Top Compensated Officers

Chief Executive Officer, Director and Member ...
Total Annual Compensation: $700.0K
Founder and Executive Chairman
Total Annual Compensation: $925.0K
Chief Financial Officer
Total Annual Compensation: $800.0K
Chief Operating Officer
Total Annual Compensation: $1.2M
Compensation as of Fiscal Year 2013.

gfi group inc (GFIG) Key Developments

GFI Group Inc. and GFI Holdings Limited Enters into Second Amendment to Credit Agreement

On July 28, 2014, GFI Group Inc. and GFI Holdings Limited, as borrowers, certain subsidiaries of the company as guarantors, various lenders and Bank of America, N.A., as administrative agent, entered into a second amendment to credit agreement (second amendment) that amends the company's second amended and restated credit agreement, dated December 20, 2010 (second A&R credit agreement and as amended by the first amendment and consent dated as of March 6, 2013 (first amendment), and as further amended or modified from time to time, the credit agreement). The second amendmenteduces the aggregate amount of consolidated shareholders' equity and preferred equity of the company and its subsidiaries required to be maintained, as determined in accordance with generally accepted accounting principles, to an amount equal to at least $375,000,000 (such amount, the consolidated capital amount). The consolidated capital amount is subject to certain adjustments as specified in the credit agreement.

GFI Group Inc. Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2014; Reports Goodwill Impairment Charge for the Second Quarter of 2014

GFI Group Inc. reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2014. For the quarter, total revenues were $218,105,000 against $242,278,000 a year ago. Loss before provision for income taxes was $128,948,000 against income before provision for income taxes of $7,587,000 a year ago. Net loss was $97,796,000 or $0.78 per diluted share against net income of $6,691,000 or $0.05 per diluted share a year ago. Non-GAAP pre-tax loss was $1,720,000 against non-GAAP pre-tax income of $9,078,000 a year ago. Non-GAAP net income was $1,261,000 or $0.01 per diluted share against $7,085,000 or $0.06 per diluted share a year ago. Non-GAAP net cash earnings from ongoing operations were $19,200,000 or $0.15 per share against $27,586,000 or $0.22 per share a year ago. Non-GAAP net revenues were $184.0 million as compared to $197.3 million in the second quarter of 2013. Adjusted EBITDA was $107,838,000 or $0.82 per share compared to $36,085,000 a year ago. For the quarter, total revenues were $458,844,000 against $486,670,000 a year ago. Loss before provision for income taxes was $123,445,000 against income before provision for income taxes of $7,682,000 a year ago. Net loss was $93,793,000 or $0.76 per diluted share against net income of $11,365,000 or $0.09 per diluted share a year ago. Non-GAAP pre-tax loss was $1,720,000 against non-GAAP pre-tax income of $9,078,000 a year ago. Non-GAAP net income was $7,473,000 or $0.06 per diluted share against $14,257,000 or $0.11 per diluted share a year ago. Non-GAAP net cash earnings from ongoing operations were $45,487,000 or $0.35 per share against $54,822,000 or $0.43 per share a year ago. Non-GAAP net revenues for the six months ended June 30, 2014 were $386.1 million compared to $397.1 million in the same period of 2013. GAAP non-compensation expenses in the second quarter of 2014 include a $121.6 million non-cash pre-tax goodwill impairment charge related to the wholesale brokerage reporting units and Kyte.

GFI Group Inc. Suspends Dividend for the Second Quarter Ended June 30, 2014

GFI Group Inc. announced that it had suspended dividend for the second quarter ended June 30, 2014.

 

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GFIG

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Valuation GFIG Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 0.7x
Price/Book 1.8x
Price/Cash Flow NM Not Meaningful
TEV/Sales 0.1x
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