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

A number of other brokerages have also recently issued reports on BGCP. ValuEngine cut BGC Partners from a “sell” rating to a “strong sell” rating in a report on Saturday. Zacks Investment Research raised BGC Partners from a “hold” rating to a “buy” rating and set a $13.00 price target on the stock in a report on Tuesday, July 3rd. Two equities research analysts have rated the stock with a sell rating and two have assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $13.00.

Shares of BGCP opened at $11.58 on Tuesday. The stock has a market cap of $3.81 billion, a P/E ratio of 9.65 and a beta of 1.01. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.14 and a current ratio of 1.16. BGC Partners has a 52-week low of $10.39 and a 52-week high of $16.97.

BGC Partners (NASDAQ:BGCP) last issued its quarterly earnings data on Thursday, August 2nd. The financial services provider reported $0.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.28 by $0.02. The business had revenue of $960.08 million for the quarter, compared to analysts’ expectations of $938.00 million. BGC Partners had a return on equity of 46.19% and a net margin of 1.53%. During the same quarter in the prior year, the firm posted $0.24 EPS. research analysts expect that BGC Partners will post 1.38 EPS for the current year.

In other BGC Partners news, Director William J. Moran purchased 10,000 shares of the stock in a transaction on Thursday, August 2nd. The shares were purchased at an average price of $11.09 per share, with a total value of $110,900.00. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this link. Company insiders own 32.80% of the company’s stock.

Several large investors have recently added to or reduced their stakes in BGCP. Keybank National Association OH purchased a new stake in shares of BGC Partners in the 2nd quarter valued at about $113,000. Comerica Bank bought a new position in shares of BGC Partners during the 2nd quarter valued at about $115,000. CIBC Asset Management Inc bought a new position in shares of BGC Partners during the 2nd quarter valued at about $127,000. Signition LP bought a new position in shares of BGC Partners during the 1st quarter valued at about $135,000. Finally, Ancora Advisors LLC bought a new position in shares of BGC Partners during the 1st quarter valued at about $148,000. 51.55% of the stock is currently owned by hedge funds and other institutional investors.

BGC Partners Company Profile

BGC Partners, Inc operates as a brokerage company servicing the financial and real estate markets worldwide. It operates in two segments, Financial Services and Real Estate Services. The Financial Services segment provides brokerage services for fixed income, interest rate derivatives, spot foreign exchange, foreign exchange derivatives, government bonds, corporate bonds, credit derivatives, insurance and money market products, energy, metals, equity derivatives, and structured market data products and services.

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