BGC Partners (NASDAQ:BGCP) Sees Strong Trading Volume


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Shares of BGC Partners, Inc. (NASDAQ:BGCP) saw unusually-strong trading volume on Tuesday . Approximately 292,039 shares were traded during trading, a decline of 92% from the previous session’s volume of 3,508,556 shares.The stock last traded at $5.57 and had previously closed at $5.23.

Separately, Zacks Investment Research lowered BGC Partners from a “buy” rating to a “hold” rating in a report on Friday, February 19th.

The firm has a market capitalization of $1.96 billion, a P/E ratio of 48.32 and a beta of 1.76. The business has a fifty day moving average of $4.60 and a 200-day moving average of $3.83.

BGC Partners (NASDAQ:BGCP) last issued its quarterly earnings data on Tuesday, February 23rd. The financial services provider reported $0.13 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.12 by $0.01. BGC Partners had a return on equity of 40.10% and a net margin of 2.21%. The business had revenue of $479.43 million during the quarter, compared to analyst estimates of $470.95 million. During the same period in the prior year, the company posted $0.12 EPS. Sell-side analysts anticipate that BGC Partners, Inc. will post 0.56 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 30th. Investors of record on Tuesday, March 16th were issued a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a yield of 0.75%. The ex-dividend date of this dividend was Monday, March 15th. BGC Partners’s dividend payout ratio (DPR) is 6.56%.

A number of hedge funds have recently modified their holdings of BGCP. Captrust Financial Advisors grew its holdings in BGC Partners by 192.3% in the 4th quarter. Captrust Financial Advisors now owns 6,541 shares of the financial services provider’s stock worth $26,000 after buying an additional 4,303 shares in the last quarter. US Bancorp DE boosted its stake in BGC Partners by 958.3% during the 4th quarter. US Bancorp DE now owns 7,038 shares of the financial services provider’s stock valued at $28,000 after purchasing an additional 6,373 shares in the last quarter. Keel Point LLC bought a new position in BGC Partners during the 3rd quarter valued at $29,000. Blair William & Co. IL bought a new position in BGC Partners during the 4th quarter valued at $48,000. Finally, Two Sigma Securities LLC bought a new position in BGC Partners during the 3rd quarter valued at $52,000. 45.67% of the stock is owned by institutional investors and hedge funds.

About BGC Partners (NASDAQ:BGCP)

BGC Partners, Inc operates as a brokerage and financial technology company in the United States, Canada, Europe, the United Kingdom, Latin America, Asia, Africa, the Middle East, and internationally. It offers various brokerage products, such as fixed income, such as government bonds, corporate bonds, and other debt instruments, as well as related interest rate derivatives and credit derivatives; and fixed income, equity derivatives and cash equities, energy and commodities, shipping, insurance, and futures and options.

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