Chicago Capital Management LLC raised its position in shares of General Cable (NYSE:BGC) by 15.6% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 446,198 shares of the industrial products company’s stock after purchasing an additional 60,249 shares during the period. General Cable makes up approximately 5.2% of Chicago Capital Management LLC’s holdings, making the stock its 11th largest holding. Chicago Capital Management LLC owned approximately 0.88% of General Cable worth $13,207,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Xact Kapitalforvaltning AB bought a new position in shares of General Cable during the fourth quarter valued at about $207,000. Amalgamated Bank bought a new position in shares of General Cable during the fourth quarter valued at about $213,000. B. Riley Financial Inc. bought a new position in shares of General Cable during the first quarter valued at about $289,000. Global X Management Co. LLC grew its stake in shares of General Cable by 158.0% during the first quarter. Global X Management Co. LLC now owns 9,921 shares of the industrial products company’s stock valued at $294,000 after buying an additional 6,076 shares during the last quarter. Finally, Jefferies Group LLC bought a new position in shares of General Cable during the fourth quarter valued at about $399,000. Institutional investors and hedge funds own 98.69% of the company’s stock.
Shares of General Cable opened at $29.85 on Friday, Marketbeat.com reports. General Cable has a 12-month low of $29.87 and a 12-month high of $29.90. The stock has a market cap of $1.51 billion, a PE ratio of 50.59 and a beta of 2.56. The company has a current ratio of 2.26, a quick ratio of 1.26 and a debt-to-equity ratio of 8.52.
General Cable Company Profile
General Cable Corporation develops, designs, manufactures, markets, and distributes copper, aluminum, and fiber optic wire and cable products for the energy, industrial, construction, specialty, and communications markets. It offers electric utility products, including low- and medium-voltage distribution cables; high- and extra-high voltage power transmission cables; bare overhead conductors; and submarine transmission and distribution cables.
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