Capital Fund Management S.A. bought a new stake in shares of General Cable Co. (NYSE:BGC) in the 4th quarter, HoldingsChannel reports. The institutional investor bought 127,298 shares of the industrial products company’s stock, valued at approximately $3,768,000.
A number of other large investors have also made changes to their positions in the stock. Pinebridge Investments L.P. boosted its stake in General Cable by 27.2% during the 4th quarter. Pinebridge Investments L.P. now owns 81,523 shares of the industrial products company’s stock valued at $2,413,000 after purchasing an additional 17,423 shares during the period. State of Wisconsin Investment Board bought a new stake in General Cable during the 4th quarter valued at approximately $13,320,000. GWM Advisors LLC boosted its stake in General Cable by 3.9% during the 4th quarter. GWM Advisors LLC now owns 59,756 shares of the industrial products company’s stock valued at $1,769,000 after purchasing an additional 2,267 shares during the period. First Trust Advisors LP boosted its stake in General Cable by 62.1% during the 4th quarter. First Trust Advisors LP now owns 159,545 shares of the industrial products company’s stock valued at $4,723,000 after purchasing an additional 61,121 shares during the period. Finally, Nuance Investments LLC bought a new stake in General Cable during the 4th quarter valued at approximately $11,729,000. Hedge funds and other institutional investors own 90.44% of the company’s stock.
Shares of General Cable Co. (NYSE BGC) opened at $29.50 on Monday. General Cable Co. has a 52 week low of $14.95 and a 52 week high of $30.17. The firm has a market capitalization of $1,493.39, a P/E ratio of 43.38 and a beta of 2.76. The company has a debt-to-equity ratio of 8.42, a quick ratio of 1.10 and a current ratio of 1.98.
The firm also recently announced a quarterly dividend, which will be paid on Friday, March 30th. Investors of record on Friday, March 9th will be paid a dividend of $0.18 per share. The ex-dividend date of this dividend is Thursday, March 8th. This represents a $0.72 annualized dividend and a yield of 2.44%. General Cable’s payout ratio is -20.22%.
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General Cable Profile
General Cable Corporation is engaged in the development, design, manufacture, marketing and distribution of copper, aluminum and fiber optic wire and cable products for use in the energy, industrial, construction, specialty and communications markets. The Company’s segments include North America, Europe, Latin America, and Africa/Asia Pacific.
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