Steffen Parratt (Insider Trades), CFO of KCG Holdings Inc. (KCG), bought 25,000 shares of the company on Aug. 11. The average price per share was $9.92, for a total transaction of $248,000. KCG Holdings Inc. is a securities firm offering investors and clients a range of services designed to address trading needs across asset classes, product types, and time zones. KCG’s market cap is $943.26 million, and the P/S ratio is 0.77.
The number and volume of both insider buys and insider sells of KCG have increased from 2012 to 2014. There were 5 insider buys of 6,951,957 shares in 2014 compared to 1 transaction of 19,000 in 2012. There were also 23 insider sells totaling 11,100,504 shares of the company in 2014, and 5 transactions of 109,917 shares in 2012. 
Parratt only conducted one transaction totaling 25,000 shares with the company since February 2002. Former 10% owner of KCG, Daniel V. Tierney 2011 Trust (Insider Trades), sold 36.94% of all insider shares sold with KCG in 2014, and 11.05% in 2013. For more information about insider transactions with KCG Holdings Inc., click here.
KCG Holdings Inc. reported a net loss of $19.162 million, or $0.18 per share in the second quarter of 2015. Net income decreased from $8.92 million, or $0.08 per share in the second quarter of 2014. Net revenue also decreased in the same period of time, from $314.133 million in the second quarter in 2014, to $261.882 million in the corresponding quarter of 2015. KCG annual revenue increased 8.46%, and net income decreased 19.77% since December 2010. 
KCG is the result of a 2013 merger to Knight Capital Group and Getco LLC. Consequently, KCG held two alternative trading systems (ATE): Knight Match and GetMatched. GetMatched was eventually decommissioned in 2014 to focus on the evolution of Knight Match. KCG Holdings lauched a rebranded version of the ATE, named MatchIt, on June 17. Erica Attonito oversees MatchIt, and commented that KCG Holdings believes, “there is value in operating a venue that provides clients with the option of crossing their orders with other non-displayed client orders in a transparently structure, regulated setting.” KCG Holdings also announced the repurchase of 23.6 million shares of class A common stock on June 9. The average purchase price was $14.00 per share, for a total cost of approximately $330 million. The transaction represented about 22% of the company’s class A common stock outstanding as of May 7.
One guru increased his stake in the company in the first quarter of 2015. Jim Simons (Trades, Portfolio) (Trades, Portfolio) bought 5,147 shares of KCG at an average price of $12.35 per share. This purchase added 1.79% to his holding in the company. The total estimated gain of the holding is -6% since the fourth quarter of 2013. Simons bought 53,214 shares of the company in 1 transaction, and bought 345,779 shares in 5 transactions since the fourth quarter of 2013. The average per share price of Simons' buys of KCG was $10.94, and the average per share sell was $11.80. For more information about guru transactions with KCG Holdings Inc., click here.
For more stock trades of gurus in real time, visit GuruFocus’ Real Time Picks, a Premium Feature. Not a Premium Member of GuruFocus? Try it free for 7 days here.
