BGC Partners (NASDAQ:BGCP) was downgraded by stock analysts at ValuEngine from a “hold” rating to a “sell” rating in a report issued on Tuesday, ValuEngine reports.

A number of other equities analysts also recently weighed in on BGCP. Zacks Investment Research downgraded BGC Partners from a “hold” rating to a “sell” rating in a research note on Monday, October 28th. BidaskClub raised BGC Partners from a “hold” rating to a “buy” rating in a report on Thursday, November 7th.

BGCP opened at $5.83 on Tuesday. BGC Partners has a fifty-two week low of $4.46 and a fifty-two week high of $7.24. The firm has a market capitalization of $2.02 billion, a P/E ratio of 8.10 and a beta of 1.44. The company’s 50-day moving average is $5.58 and its 200 day moving average is $5.31. The company has a debt-to-equity ratio of 1.38, a current ratio of 1.08 and a quick ratio of 1.08.

BGC Partners (NASDAQ:BGCP) last issued its quarterly earnings data on Thursday, October 24th. The financial services provider reported $0.15 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.15. The business had revenue of $521.10 million during the quarter, compared to the consensus estimate of $511.05 million. BGC Partners had a net margin of 2.56% and a return on equity of 35.30%. The firm’s quarterly revenue was up 14.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.15 EPS. On average, equities research analysts expect that BGC Partners will post 0.62 earnings per share for the current year.

Large investors have recently made changes to their positions in the business. First Trust Advisors LP purchased a new stake in shares of BGC Partners during the 1st quarter valued at $6,086,000. NEXT Financial Group Inc raised its position in BGC Partners by 333.1% in the second quarter. NEXT Financial Group Inc now owns 29,136 shares of the financial services provider’s stock worth $153,000 after acquiring an additional 22,409 shares during the period. Steward Partners Investment Advisory LLC raised its position in BGC Partners by 132.0% in the second quarter. Steward Partners Investment Advisory LLC now owns 96,882 shares of the financial services provider’s stock worth $506,000 after acquiring an additional 55,119 shares during the period. Advantage Investment Management LLC purchased a new position in BGC Partners in the second quarter valued at about $270,000. Finally, BNP Paribas Arbitrage SA boosted its stake in BGC Partners by 48.3% in the second quarter. BNP Paribas Arbitrage SA now owns 21,651 shares of the financial services provider’s stock valued at $113,000 after acquiring an additional 7,047 shares during the last quarter. Hedge funds and other institutional investors own 53.37% of the company’s stock.

BGC Partners Company Profile

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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