BGC Partners, Inc. (BGCP) Short Interest Update
BGC Partners, Inc. (NASDAQ:BGCP) was the recipient of a significant increase in short interest in the month of January. As of January 31st, there was short interest totalling 2,918,142 shares, an increase of 40.7% from the January 12th total of 2,074,511 shares. Currently, 1.5% of the company’s shares are sold short. Based on an average trading volume of 1,719,427 shares, the short-interest ratio is currently 1.7 days.
A number of research analysts have issued reports on BGCP shares. ValuEngine cut BGC Partners from a “strong-buy” rating to a “buy” rating in a research note on Friday, December 1st. BidaskClub lowered BGC Partners from a “strong-buy” rating to a “buy” rating in a report on Friday, December 15th.
Several institutional investors have recently modified their holdings of the company. Vanguard Group Inc. lifted its holdings in shares of BGC Partners by 1.7% in the second quarter. Vanguard Group Inc. now owns 18,619,070 shares of the financial services provider’s stock valued at $235,346,000 after purchasing an additional 308,977 shares in the last quarter. BlackRock Inc. lifted its holdings in shares of BGC Partners by 4.3% in the fourth quarter. BlackRock Inc. now owns 11,549,090 shares of the financial services provider’s stock valued at $174,507,000 after purchasing an additional 480,323 shares in the last quarter. Principal Financial Group Inc. lifted its holdings in shares of BGC Partners by 19.1% in the third quarter. Principal Financial Group Inc. now owns 9,436,839 shares of the financial services provider’s stock valued at $136,552,000 after purchasing an additional 1,515,219 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in BGC Partners by 2.5% during the third quarter. Dimensional Fund Advisors LP now owns 7,056,614 shares of the financial services provider’s stock worth $102,102,000 after acquiring an additional 170,701 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its holdings in BGC Partners by 1.1% during the third quarter. JPMorgan Chase & Co. now owns 3,096,684 shares of the financial services provider’s stock worth $42,424,000 after acquiring an additional 34,975 shares in the last quarter. Institutional investors own 43.72% of the company’s stock.
BGC Partners (NASDAQ:BGCP) last issued its quarterly earnings results on Friday, February 9th. The financial services provider reported $0.35 EPS for the quarter, beating analysts’ consensus estimates of $0.28 by $0.07. The company had revenue of $894.23 million for the quarter, compared to analyst estimates of $853.00 million. BGC Partners had a return on equity of 42.02% and a net margin of 4.67%. During the same period in the previous year, the company posted $0.25 earnings per share. sell-side analysts anticipate that BGC Partners will post 1.04 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 13th. Stockholders of record on Tuesday, February 27th will be issued a $0.18 dividend. The ex-dividend date of this dividend is Monday, February 26th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 5.53%. BGC Partners’s dividend payout ratio (DPR) is 114.29%.
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BGC Partners Company 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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