Mint Tower Capital Management B.V. Takes $850,000 Position in General Cable (BGC)

Mint Tower Capital Management B.V. acquired a new stake in General Cable (NYSE:BGC) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 28,700 shares of the industrial products company’s stock, valued at approximately $850,000. Mint Tower Capital Management B.V. owned 0.06% of General Cable as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently made changes to their positions in the company. Omni Partners LLP acquired a new stake in General Cable during the fourth quarter worth about $9,342,000. Renaissance Technologies LLC grew its holdings in General Cable by 184.4% during the fourth quarter. Renaissance Technologies LLC now owns 1,028,600 shares of the industrial products company’s stock worth $30,447,000 after acquiring an additional 666,900 shares during the period. Swiss National Bank grew its holdings in General Cable by 7.3% during the fourth quarter. Swiss National Bank now owns 87,200 shares of the industrial products company’s stock worth $2,581,000 after acquiring an additional 5,900 shares during the period. Rhumbline Advisers grew its holdings in General Cable by 15.7% during the fourth quarter. Rhumbline Advisers now owns 115,290 shares of the industrial products company’s stock worth $3,413,000 after acquiring an additional 15,684 shares during the period. Finally, Amalgamated Bank acquired a new stake in General Cable during the fourth quarter worth about $213,000. 98.69% of the stock is currently owned by institutional investors and hedge funds.

General Cable opened at $29.85 on Friday, Marketbeat Ratings reports. The stock has a market cap of $1.51 billion, a P/E ratio of 50.51 and a beta of 2.56. General Cable has a 52 week low of $29.87 and a 52 week high of $29.90. 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 (NYSE:BGC) last posted its earnings results on Monday, May 7th. The industrial products company reported $0.20 EPS for the quarter, topping the consensus estimate of $0.15 by $0.05. General Cable had a positive return on equity of 47.12% and a negative net margin of 1.86%. The firm had revenue of $1.02 billion for the quarter. During the same period last year, the business earned $0.27 earnings per share.

About General Cable

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.

Institutional Ownership by Quarter for General Cable (NYSE:BGC)

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