Miller Howard Investments Inc. NY purchased a new stake in BGC Partners, Inc. (NASDAQ:BGCP) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 10,252 shares of the financial services provider’s stock, valued at approximately $148,000.

A number of other institutional investors have also recently bought and sold shares of the business. IMS Capital Management raised its holdings in BGC Partners by 0.4% in the 2nd quarter. IMS Capital Management now owns 12,720 shares of the financial services provider’s stock valued at $161,000 after acquiring an additional 49 shares in the last quarter. M&T Bank Corp raised its holdings in BGC Partners by 1.3% in the 2nd quarter. M&T Bank Corp now owns 20,250 shares of the financial services provider’s stock valued at $256,000 after acquiring an additional 250 shares in the last quarter. Teacher Retirement System of Texas raised its holdings in BGC Partners by 2.3% in the 2nd quarter. Teacher Retirement System of Texas now owns 16,668 shares of the financial services provider’s stock valued at $211,000 after acquiring an additional 375 shares in the last quarter. Schnieders Capital Management LLC raised its holdings in BGC Partners by 2.5% in the 2nd quarter. Schnieders Capital Management LLC now owns 20,600 shares of the financial services provider’s stock valued at $260,000 after acquiring an additional 500 shares in the last quarter. Finally, Advisor Group Inc. raised its holdings in BGC Partners by 7.6% in the 2nd quarter. Advisor Group Inc. now owns 11,974 shares of the financial services provider’s stock valued at $103,000 after acquiring an additional 850 shares in the last quarter. 42.56% of the stock is owned by hedge funds and other institutional investors.

Several research firms have commented on BGCP. Zacks Investment Research raised 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. ValuEngine cut BGC Partners from a “strong-buy” rating to a “buy” rating in a report on Monday, October 2nd. Finally, BidaskClub raised BGC Partners from a “hold” rating to a “buy” rating in a report on Thursday, August 17th.

In other news, Director Linda A. Bell sold 13,650 shares of the stock in a transaction that occurred on Monday, October 2nd. The stock was sold at an average price of $14.70, for a total value of $200,655.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 37.40% of the company’s stock.

BGC Partners, Inc. (NASDAQ:BGCP) opened at $15.16 on Friday. The company has a quick ratio of 1.13, a current ratio of 1.15 and a debt-to-equity ratio of 0.89. The firm has a market capitalization of $4,341.32, a PE ratio of 15.01 and a beta of 1.29.

BGC Partners (NASDAQ:BGCP) last issued its earnings results on Thursday, October 26th. The financial services provider reported $0.29 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.29. BGC Partners had a return on equity of 39.65% and a net margin of 4.67%. The business had revenue of $827.03 million during the quarter.

The business 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. The ex-dividend date of this dividend is Monday, November 13th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 4.75%. BGC Partners’s payout ratio is presently 153.19%.

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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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Institutional Ownership by Quarter for BGC Partners (NASDAQ:BGCP)

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