General Cable Co. (BGC) Shares Bought by California Public Employees Retirement System
California Public Employees Retirement System increased its stake in shares of General Cable Co. (NYSE:BGC) by 1.3% in the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 310,753 shares of the industrial products company’s stock after buying an additional 3,853 shares during the period. California Public Employees Retirement System owned about 0.62% of General Cable worth $5,858,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. Cubist Systematic Strategies LLC purchased a new stake in General Cable during the third quarter worth about $538,000. Pentwater Capital Management LP purchased a new stake in General Cable during the third quarter worth about $754,000. Highbridge Capital Management LLC increased its holdings in General Cable by 303.6% during the third quarter. Highbridge Capital Management LLC now owns 1,109,879 shares of the industrial products company’s stock worth $20,921,000 after buying an additional 834,897 shares during the last quarter. Impala Asset Management LLC purchased a new stake in General Cable during the third quarter worth about $1,885,000. Finally, Campbell & CO Investment Adviser LLC purchased a new stake in General Cable during the third quarter worth about $330,000. Institutional investors and hedge funds own 98.38% of the company’s stock.
Shares of General Cable Co. (NYSE BGC) opened at $29.60 on Friday. General Cable Co. has a 1-year low of $14.95 and a 1-year high of $30.17. The company has a current ratio of 1.98, a quick ratio of 1.10 and a debt-to-equity ratio of 8.42. The stock has a market cap of $1,494.57, a PE ratio of -8.31 and a beta of 2.88.
General Cable (NYSE:BGC) last posted its quarterly earnings data on Wednesday, November 1st. The industrial products company reported $0.25 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.17 by $0.08. General Cable had a negative net margin of 4.71% and a positive return on equity of 43.57%. The business had revenue of $994.00 million during the quarter, compared to the consensus estimate of $879.80 million. During the same quarter last year, the company posted $0.07 earnings per share. The firm’s quarterly revenue was up 7.5% compared to the same quarter last year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, December 29th. Investors of record on Friday, December 8th were issued a dividend of $0.18 per share. The ex-dividend date was Thursday, December 7th. This represents a $0.72 dividend on an annualized basis and a yield of 2.43%. General Cable’s dividend payout ratio (DPR) is presently -20.22%.
General Cable Company Profile
General Cable Corporation is engaged in the development, design, manufacture, marketing and distribution of copper, aluminum and fiber optic wire and cable products for use in the energy, industrial, construction, specialty and communications markets. The Company’s segments include North America, Europe, Latin America, and Africa/Asia Pacific.
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