BGC Partners, Inc. (BGCP) Shares Sold by Icon Advisers Inc. Co.
Icon Advisers Inc. Co. reduced its position in BGC Partners, Inc. (NASDAQ:BGCP) by 57.8% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 102,500 shares of the financial services provider’s stock after selling 140,600 shares during the period. Icon Advisers Inc. Co.’s holdings in BGC Partners were worth $1,483,000 at the end of the most recent quarter.
Several other large investors have also recently bought and sold shares of the stock. Fuller & Thaler Asset Management Inc. purchased a new stake in shares of BGC Partners in the third quarter worth about $114,000. Willingdon Wealth Management increased its stake in BGC Partners by 209.2% during the third quarter. Willingdon Wealth Management now owns 366,063 shares of the financial services provider’s stock worth $5,297,000 after acquiring an additional 247,691 shares during the last quarter. Pacer Advisors Inc. bought a new stake in BGC Partners during the third quarter worth approximately $576,000. LaSalle Street Capital Management LLC increased its stake in BGC Partners by 56.2% during the third quarter. LaSalle Street Capital Management LLC now owns 36,375 shares of the financial services provider’s stock worth $526,000 after acquiring an additional 13,092 shares during the last quarter. Finally, Dynamic Technology Lab Private Ltd increased its stake in BGC Partners by 11.0% during the third quarter. Dynamic Technology Lab Private Ltd now owns 105,487 shares of the financial services provider’s stock worth $1,527,000 after acquiring an additional 10,477 shares during the last quarter. Institutional investors own 42.68% of the company’s stock.
Shares of BGC Partners, Inc. (BGCP) opened at $15.79 on Friday. The company has a debt-to-equity ratio of 2.97, a quick ratio of 1.31 and a current ratio of 1.32. BGC Partners, Inc. has a 52 week low of $9.69 and a 52 week high of $16.51. The firm has a market capitalization of $4,561.05, a P/E ratio of 15.63 and a beta of 1.29.
BGC Partners (NASDAQ:BGCP) last issued its quarterly earnings data on Thursday, October 26th. The financial services provider reported $0.29 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.29. BGC Partners had a return on equity of 42.02% and a net margin of 4.67%. The company had revenue of $827.03 million for the quarter.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 29th. Shareholders of record on Tuesday, November 14th will be paid a dividend of $0.18 per share. The ex-dividend date is Monday, November 13th. This represents a $0.72 annualized dividend and a yield of 4.56%. BGC Partners’s payout ratio is currently 153.19%.
In other BGC Partners news, Director Linda A. Bell sold 13,650 shares of the business’s stock in a transaction that occurred on Monday, October 2nd. The stock was sold at an average price of $14.70, for a total transaction of $200,655.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 37.40% of the company’s stock.
BGCP has been the topic of several analyst reports. ValuEngine cut BGC Partners from a “strong-buy” rating to a “buy” rating in a research note on Monday, October 2nd. BidaskClub raised BGC Partners from a “hold” rating to a “buy” rating in a research note on Thursday, August 17th. Finally, Zacks Investment Research cut BGC Partners from a “buy” rating to a “hold” rating in a research note on Friday, July 28th.
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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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