Virginia Retirement Systems ET AL Sells 8,100 Shares of BGC Partners, Inc. (BGCP)

Virginia Retirement Systems ET AL lowered its position in BGC Partners, Inc. (NASDAQ:BGCP) by 9.4% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 78,100 shares of the financial services provider’s stock after selling 8,100 shares during the period. Virginia Retirement Systems ET AL’s holdings in BGC Partners were worth $1,130,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Legal & General Group Plc boosted its position in BGC Partners by 16.7% in the third quarter. Legal & General Group Plc now owns 97,296 shares of the financial services provider’s stock valued at $1,408,000 after buying an additional 13,945 shares during the last quarter. Sawgrass Asset Management LLC boosted its position in BGC Partners by 430.8% in the third quarter. Sawgrass Asset Management LLC now owns 95,165 shares of the financial services provider’s stock valued at $1,377,000 after buying an additional 77,235 shares during the last quarter. Fuller & Thaler Asset Management Inc. purchased a new stake in BGC Partners in the third quarter valued at approximately $114,000. Willingdon Wealth Management boosted its position in BGC Partners by 209.2% in the third quarter. Willingdon Wealth Management now owns 366,063 shares of the financial services provider’s stock valued at $5,297,000 after buying an additional 247,691 shares during the last quarter. Finally, Pacer Advisors Inc. purchased a new stake in BGC Partners in the third quarter valued at approximately $576,000. Hedge funds and other institutional investors own 43.10% of the company’s stock.

In other BGC Partners news, Director Linda A. Bell sold 13,650 shares of the company’s 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 transaction was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 44.45% of the company’s stock.

A number of equities research analysts recently commented on the company. BidaskClub upgraded BGC Partners from a “hold” rating to a “buy” rating in a research report on Thursday, August 17th. ValuEngine lowered BGC Partners from a “strong-buy” rating to a “buy” rating in a research report on Monday, October 2nd. Finally, Zacks Investment Research upgraded BGC Partners from a “sell” rating to a “hold” rating in a research report on Tuesday, September 26th.

Shares of BGC Partners, Inc. (NASDAQ BGCP) opened at $16.69 on Friday. The company has a debt-to-equity ratio of 2.97, a current ratio of 1.32 and a quick ratio of 1.31. BGC Partners, Inc. has a 52-week low of $9.91 and a 52-week high of $16.90. The company has a market capitalization of $4,734.37, a P/E ratio of 16.23 and a beta of 1.27.

BGC Partners (NASDAQ:BGCP) last released its quarterly earnings data on Thursday, October 26th. The financial services provider reported $0.29 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.29. BGC Partners had a return on equity of 42.02% and a net margin of 4.67%. The business had revenue of $827.03 million for the quarter.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 29th. Shareholders of record on Tuesday, November 14th were given a $0.18 dividend. The ex-dividend date of this dividend was Monday, November 13th. This represents a $0.72 annualized dividend and a yield of 4.31%. BGC Partners’s dividend payout ratio is presently 153.19%.

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BGC Partners Profile

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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Institutional Ownership by Quarter for BGC Partners (NASDAQ:BGCP)

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