FXCM (FXCM) Shares Surge 4 percent

FXCM Inc. (FXCM) shares are trading higher by 4.23% to $2.22 after the firm said Thursday that it has used some of the proceeds from the sale of its Japanese unit to repay another $54 million of its loan from Jefferies Group LLC parent, Leucadia (LUK). FXCM has now repaid $66 million under the credit agreement, and as of April 1, 2015, FXCM’s outstanding Leucadia loan balance is $244 million.

FXCM said that by repaying more than $60 million before April 16, 2015, it has avoided a contingent financing fee of $30 million. FXCM anticipates making an additional repayment of approximately $12 million towards the credit facility in the coming weeks. Approximately 2.3 million FXCM shares have already changed hands, compared to the stock’s average daily volume of 4.10 million shares.

During today’s trading session, FXCM opened sharply higher to currently trade within a range of $2.19 to $2.25 with its 52-week range being $1.28 to $17.44. Ticker has gotten intraday as low as $2.19 and as high as $2.31.

Fundamentally, FXCM shows the following financial data:

  • $338.84 million in cash in most recent quarter
  • $2.39 billion t-12 total assets
  • $643.02 million total equity
  • $453.30 million t-12 revenue
  • $17.15 million annual net income
  • $167.63 million free cash flow

On valuation measures, FXCM Inc. shares have a T-12 price/sales ratio of 0.23 and a price/book for the same period of 0.36. EPS is $0.35. The name has a market cap of $112.56 million and a median Wall Street price target of $1.25 with a high target of $19.00. Currently there are no analysts that rate FXCM a ‘Buy. 2 rate it a ‘Hold’ vs. 5 analysts rating it a ‘Sell’.

In terms of share statistics, FXCM Inc. has a total of 47.16 million shares outstanding with 17.28% held by insiders. The stock’s short interest currently stands at 29.12%, bringing the total number of shares sold short to 12.12 million.

Offering a dividend yield of 10.71%, shares of the company are down 85.40% year-over-year and 87.15% year-to-date.

FXCM Inc. is a New York-based online foreign exchange trading provider. The company operates in two segments, Retail Trading and Institutional Trading.

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