Dynamic Technology Lab Private Ltd raised its position in shares of BGC Partners, Inc. (NASDAQ:BGCP) by 11.0% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 105,487 shares of the financial services provider’s stock after acquiring an additional 10,477 shares during the quarter. Dynamic Technology Lab Private Ltd’s holdings in BGC Partners were worth $1,527,000 as of its most recent SEC filing.
Several other institutional investors have also recently made changes to their positions in the business. Vanguard Group Inc. grew its position in shares of BGC Partners by 1.7% in the second quarter. Vanguard Group Inc. now owns 18,619,070 shares of the financial services provider’s stock valued at $235,346,000 after purchasing an additional 308,977 shares in the last quarter. BlackRock Inc. grew its position in shares of BGC Partners by 66,726.9% in the first quarter. BlackRock Inc. now owns 14,384,491 shares of the financial services provider’s stock valued at $163,409,000 after purchasing an additional 14,362,966 shares in the last quarter. Principal Financial Group Inc. grew its position in shares of BGC Partners by 19.1% in the third quarter. Principal Financial Group Inc. now owns 9,436,839 shares of the financial services provider’s stock valued at $136,552,000 after purchasing an additional 1,515,219 shares in the last quarter. Dimensional Fund Advisors LP grew its position in shares of BGC Partners by 8.1% in the second quarter. Dimensional Fund Advisors LP now owns 6,885,913 shares of the financial services provider’s stock valued at $87,037,000 after purchasing an additional 518,058 shares in the last quarter. Finally, State Street Corp grew its position in shares of BGC Partners by 2.4% in the first quarter. State Street Corp now owns 4,409,057 shares of the financial services provider’s stock valued at $50,085,000 after purchasing an additional 102,825 shares in the last quarter. 43.10% of the stock is owned by institutional investors and hedge funds.
A number of equities research analysts have recently issued reports on BGCP shares. ValuEngine upgraded BGC Partners from a “buy” rating to a “strong-buy” rating in a research report on Friday, September 1st. Zacks Investment Research upgraded BGC Partners from a “hold” rating to a “strong-buy” rating and set a $18.00 price target for the company in a research report on Wednesday, October 4th. Finally, BidaskClub upgraded BGC Partners from a “hold” rating to a “buy” rating in a research report on Thursday, August 17th.
In related news, Director Linda A. Bell sold 13,650 shares of the stock in a transaction that occurred on Monday, October 2nd. The stock was sold at an average price of $14.70, for a total value of $200,655.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 44.45% of the company’s stock.
Shares of BGC Partners, Inc. (NASDAQ:BGCP) traded up $0.14 during trading on Monday, reaching $16.49. The company had a trading volume of 3,168,330 shares, compared to its average volume of 1,525,240. The stock has a market capitalization of $4,760.00, a price-to-earnings ratio of 16.19 and a beta of 1.27. BGC Partners, Inc. has a 52 week low of $9.86 and a 52 week high of $16.90. The company has a quick ratio of 1.31, a current ratio of 1.32 and a debt-to-equity ratio of 2.97.
BGC Partners (NASDAQ:BGCP) last issued its quarterly earnings data on Thursday, October 26th. The financial services provider reported $0.29 earnings per share for the quarter, hitting the consensus estimate of $0.29. The company had revenue of $827.03 million during the quarter. BGC Partners had a return on equity of 42.02% and a net margin of 4.67%.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 29th. Investors of record on Tuesday, November 14th were given a $0.18 dividend. The ex-dividend date was Monday, November 13th. This represents a $0.72 annualized dividend and a yield of 4.37%. BGC Partners’s payout ratio is 114.29%.
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About BGC Partners
BGC Partners, Inc (BGC) is a global brokerage company servicing the financial and real estate markets. The Company operates through two segments: Financial Services and Real Estate Services. It provides a range of services, including trade execution, broker-dealer services clearing, trade compression, post trade, information, and other back-office services to a range of financial and non-financial institutions.
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