Calamos Advisors LLC acquired a new position in shares of BGC Partners, Inc. (NASDAQ:BGCP) during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 11,395 shares of the financial services provider’s stock, valued at approximately $165,000.
A number of other institutional investors have also modified their holdings of BGCP. Advisor Group Inc. grew its position in BGC Partners by 7.6% during the 2nd quarter. Advisor Group Inc. now owns 11,974 shares of the financial services provider’s stock worth $103,000 after purchasing an additional 850 shares during the last quarter. Sei Investments Co. grew its position in BGC Partners by 47.8% during the 2nd quarter. Sei Investments Co. now owns 8,312 shares of the financial services provider’s stock worth $105,000 after purchasing an additional 2,689 shares during the last quarter. Ffcm LLC grew its position in BGC Partners by 169.5% during the 2nd quarter. Ffcm LLC now owns 8,901 shares of the financial services provider’s stock worth $113,000 after purchasing an additional 5,598 shares during the last quarter. PNC Financial Services Group Inc. grew its position in BGC Partners by 13.1% during the 2nd quarter. PNC Financial Services Group Inc. now owns 9,508 shares of the financial services provider’s stock worth $120,000 after purchasing an additional 1,100 shares during the last quarter. Finally, Bronfman E.L. Rothschild L.P. purchased a new position in BGC Partners during the 2nd quarter worth $124,000. 42.56% of the stock is currently owned by institutional investors.
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Shares of BGC Partners, Inc. (NASDAQ:BGCP) opened at $15.16 on Friday. The firm has a market cap of $4,341.32, a price-to-earnings ratio of 15.01 and a beta of 1.29. The company has a debt-to-equity ratio of 0.89, a quick ratio of 1.13 and a current ratio of 1.15.
BGC Partners (NASDAQ:BGCP) last issued its earnings results on Thursday, October 26th. The financial services provider reported $0.29 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.29. The business had revenue of $827.03 million for the quarter. BGC Partners had a net margin of 4.67% and a return on equity of 39.65%.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 29th. Stockholders of record on Tuesday, November 14th will be issued a $0.18 dividend. This represents a $0.72 annualized dividend and a dividend yield of 4.75%. The ex-dividend date of this dividend is Monday, November 13th. BGC Partners’s payout ratio is 153.19%.
In other news, Director Linda A. Bell sold 13,650 shares of BGC Partners stock in a transaction dated Monday, October 2nd. The shares were sold at an average price of $14.70, for a total value of $200,655.00. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. 37.40% of the stock is owned by insiders.
BGCP has been the topic of several research reports. BidaskClub raised shares of BGC Partners from a “hold” rating to a “buy” rating in a research report on Sunday, July 16th. ValuEngine downgraded shares of BGC Partners from a “strong-buy” rating to a “buy” rating in a report on Monday, October 2nd. Finally, Zacks Investment Research downgraded shares of BGC Partners from a “buy” rating to a “hold” rating in a report on Friday, July 28th.
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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