B. Riley Financial Inc. Takes Position in BGC Partners, Inc. (BGCP)

B. Riley Financial Inc. acquired a new position in shares of BGC Partners, Inc. (NASDAQ:BGCP) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 10,600 shares of the financial services provider’s stock, valued at approximately $153,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Vanguard Group Inc. boosted its holdings in shares of BGC Partners by 1.7% during the 2nd quarter. Vanguard Group Inc. now owns 18,619,070 shares of the financial services provider’s stock worth $235,346,000 after buying an additional 308,977 shares during the period. Principal Financial Group Inc. boosted its holdings in shares of BGC Partners by 19.1% during the 3rd quarter. Principal Financial Group Inc. now owns 9,436,839 shares of the financial services provider’s stock worth $136,552,000 after buying an additional 1,515,219 shares during the period. Dimensional Fund Advisors LP boosted its holdings in shares of BGC Partners by 2.5% during the 3rd quarter. Dimensional Fund Advisors LP now owns 7,056,614 shares of the financial services provider’s stock worth $102,102,000 after buying an additional 170,701 shares during the period. JPMorgan Chase & Co. boosted its holdings in shares of BGC Partners by 1.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 3,096,684 shares of the financial services provider’s stock worth $42,424,000 after buying an additional 34,975 shares during the period. Finally, Renaissance Technologies LLC boosted its holdings in shares of BGC Partners by 67.5% during the 2nd quarter. Renaissance Technologies LLC now owns 2,232,548 shares of the financial services provider’s stock worth $28,219,000 after buying an additional 899,900 shares during the period. 43.10% of the stock is owned by institutional investors and hedge funds.

In other BGC Partners news, Director Linda A. Bell sold 13,650 shares of the stock in a transaction on 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 Securities & Exchange Commission, which can be accessed through the SEC website. 44.45% of the stock is owned by corporate insiders.

A number of analysts have weighed in on BGCP shares. ValuEngine downgraded shares of BGC Partners from a “strong-buy” rating to a “buy” rating in a report on Friday, December 1st. Zacks Investment Research raised shares of BGC Partners from a “hold” rating to a “strong-buy” rating and set a $18.00 price target for the company in a report on Wednesday, October 4th. Finally, BidaskClub raised shares of BGC Partners from a “hold” rating to a “buy” rating in a report on Thursday, August 17th.

Shares of BGC Partners, Inc. (BGCP) opened at $16.39 on Thursday. 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 1-year low of $9.88 and a 1-year high of $16.90. The firm has a market cap of $4,763.25, a price-to-earnings ratio of 16.33 and a beta of 1.27.

BGC Partners (NASDAQ:BGCP) last issued its quarterly earnings results on Thursday, October 26th. The financial services provider reported $0.29 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.29. BGC Partners had a net margin of 4.67% and a return on equity of 42.02%. The firm had revenue of $827.03 million during the quarter.

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 29th. Shareholders of record on Tuesday, November 14th were issued a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a yield of 4.39%. The ex-dividend date was Monday, November 13th. BGC Partners’s dividend payout ratio (DPR) 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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