BGC Partners (NASDAQ:BGCP) was downgraded by equities research analysts at BidaskClub from a “buy” rating to a “hold” rating in a report released on Tuesday, January 9th.
A number of other analysts have also recently weighed in on BGCP. ValuEngine cut BGC Partners from a “strong-buy” rating to a “buy” rating in a research report on Monday, October 2nd. Zacks Investment Research raised BGC Partners from a “sell” rating to a “hold” rating in a research note on Tuesday, September 26th.
Shares of BGC Partners (BGCP) opened at $14.04 on Tuesday. The stock has a market capitalization of $4,055.55, a PE ratio of 29.87 and a beta of 1.06. 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 has a 1 year low of $10.39 and a 1 year high of $16.97.
Several hedge funds have recently modified their holdings of BGCP. Sei Investments Co. increased its stake in BGC Partners by 47.8% in the 2nd quarter. Sei Investments Co. now owns 8,312 shares of the financial services provider’s stock valued at $105,000 after purchasing an additional 2,689 shares in the last quarter. State of Wisconsin Investment Board purchased a new position in BGC Partners during the second quarter worth $576,000. SG Americas Securities LLC increased its position in BGC Partners by 96.0% during the second quarter. SG Americas Securities LLC now owns 31,090 shares of the financial services provider’s stock worth $393,000 after buying an additional 15,231 shares in the last quarter. Legal & General Group Plc increased its position in BGC Partners by 14.6% during the second quarter. Legal & General Group Plc now owns 83,351 shares of the financial services provider’s stock worth $1,053,000 after buying an additional 10,634 shares in the last quarter. Finally, Comerica Bank purchased a new position in BGC Partners during the second quarter worth $135,000. 43.34% of the stock is owned by institutional investors and hedge funds.
ILLEGAL ACTIVITY WARNING: “BidaskClub Lowers BGC Partners (NASDAQ:BGCP) to Hold” was published by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are viewing this story on another publication, it was illegally stolen and reposted in violation of United States & international copyright & trademark laws. The legal version of this story can be accessed at https://www.dispatchtribunal.com/2018/02/04/bgc-partners-bgcp-downgraded-by-bidaskclub.html.
BGC Partners Company 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.
Receive News & Ratings for BGC Partners Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BGC Partners and related companies with MarketBeat.com's FREE daily email newsletter.