BGC Partners (NASDAQ:BGCP) Trading 13.7% Higher

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BGC Partners, Inc. (NASDAQ:BGCP) traded up 13.7% during trading on Wednesday . The stock traded as high as $3.23 and last traded at $3.49, 97,923 shares traded hands during trading. A decline of 97% from the average session volume of 3,702,866 shares. The stock had previously closed at $3.07.

Several equities research analysts have recently commented on the company. ValuEngine downgraded BGC Partners from a “hold” rating to a “sell” rating in a report on Tuesday, March 3rd. Zacks Investment Research raised BGC Partners from a “sell” rating to a “hold” rating in a report on Monday, March 16th. Finally, BidaskClub downgraded BGC Partners from a “hold” rating to a “sell” rating in a report on Friday, March 20th.

The firm has a market capitalization of $1.13 billion, a PE ratio of 21.73 and a beta of 1.39. The company has a debt-to-equity ratio of 1.54, a current ratio of 1.17 and a quick ratio of 1.17. The firm has a fifty day moving average price of $4.56 and a 200 day moving average price of $5.40.

BGC Partners (NASDAQ:BGCP) last announced its earnings results on Thursday, February 6th. The financial services provider reported $0.12 EPS for the quarter, beating the consensus estimate of $0.11 by $0.01. BGC Partners had a return on equity of 35.49% and a net margin of 2.65%. The business had revenue of $487.20 million during the quarter, compared to the consensus estimate of $476.00 million. During the same period in the prior year, the business posted $0.14 earnings per share. BGC Partners’s revenue was up 4.5% compared to the same quarter last year. On average, sell-side analysts expect that BGC Partners, Inc. will post 0.62 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 11th. Investors of record on Wednesday, February 26th were paid a $0.14 dividend. This represents a $0.56 annualized dividend and a yield of 17.18%. The ex-dividend date was Tuesday, February 25th. BGC Partners’s dividend payout ratio is currently 91.80%.

Institutional investors have recently made changes to their positions in the stock. Cubist Systematic Strategies LLC lifted its stake in BGC Partners by 133.9% in the 4th quarter. Cubist Systematic Strategies LLC now owns 4,210 shares of the financial services provider’s stock worth $25,000 after acquiring an additional 2,410 shares in the last quarter. Ancora Advisors LLC purchased a new stake in BGC Partners in the 4th quarter worth about $30,000. Atlas Private Wealth Management purchased a new stake in BGC Partners in the 4th quarter worth about $32,000. Fieldpoint Private Securities LLC purchased a new stake in BGC Partners in the 4th quarter worth about $59,000. Finally, Captrust Financial Advisors purchased a new stake in BGC Partners in the 4th quarter worth about $59,000. 53.20% of the stock is owned by hedge funds and other institutional investors.

About BGC Partners (NASDAQ:BGCP)

BGC Partners, Inc operates as a brokerage and financial technology company worldwide. It offers various brokerage products, such as fixed income, foreign exchange, equities, energy and commodities, insurance, and futures. The company also provides other services that include trade execution, broker dealer, clearing, trade compression, post-trade, information, and other back office services to financial and non-financial institutions.

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