Fox Run Management L.L.C. purchased a new stake in shares of BGC Partners, Inc. (NASDAQ:BGCP) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 45,075 shares of the financial services provider’s stock, valued at approximately $681,000.
Several other hedge funds have also recently modified their holdings of BGCP. Advisor Group Inc. boosted its position in shares of BGC Partners by 7.6% in the second quarter. Advisor Group Inc. now owns 11,974 shares of the financial services provider’s stock worth $103,000 after buying an additional 850 shares during the period. Fuller & Thaler Asset Management Inc. acquired a new stake in BGC Partners during the third quarter valued at $114,000. PNC Financial Services Group Inc. raised its holdings in BGC Partners by 13.1% during the second quarter. PNC Financial Services Group Inc. now owns 9,508 shares of the financial services provider’s stock valued at $120,000 after buying an additional 1,100 shares in the last quarter. National Asset Management Inc. bought a new position in BGC Partners during the second quarter valued at about $128,000. Finally, Sciencast Management LP bought a new position in BGC Partners during the second quarter valued at about $129,000. Institutional investors own 43.41% of the company’s stock.
A number of research firms have recently commented on BGCP. BidaskClub lowered BGC Partners from a “hold” rating to a “sell” rating in a research note on Tuesday, January 23rd. ValuEngine lowered BGC Partners from a “strong-buy” rating to a “buy” rating in a research note on Friday, December 1st.
BGC Partners, Inc. (NASDAQ:BGCP) traded up $0.53 during midday trading on Monday, reaching $13.54. The company’s stock had a trading volume of 2,782,878 shares, compared to its average volume of 1,890,000. The firm has a market capitalization of $3,910.00, a P/E ratio of 21.49 and a beta of 1.06. 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, Inc. has a 12 month low of $10.39 and a 12 month high of $16.97.
BGC Partners (NASDAQ:BGCP) last announced its earnings results on Friday, February 9th. The financial services provider reported $0.35 EPS for the quarter, topping the consensus estimate of $0.28 by $0.07. BGC Partners had a return on equity of 48.27% and a net margin of 0.05%. The business had revenue of $894.23 million for the quarter, compared to the consensus estimate of $853.00 million. During the same period in the previous year, the business earned $0.25 EPS. equities analysts expect that BGC Partners, Inc. will post 1.3 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 13th. Investors of record on Tuesday, February 27th will be given a $0.18 dividend. This represents a $0.72 annualized dividend and a yield of 5.32%. The ex-dividend date is Monday, February 26th. BGC Partners’s dividend payout ratio (DPR) is presently 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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