Robecosam AG Has $9.77 Million Holdings in General Cable Co. (BGC)
Robecosam AG raised its position in shares of General Cable Co. (NYSE:BGC) by 89.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 330,000 shares of the industrial products company’s stock after purchasing an additional 155,390 shares during the quarter. Robecosam AG’s holdings in General Cable were worth $9,768,000 as of its most recent SEC filing.
Other large investors have also recently modified their holdings of the company. Amalgamated Bank purchased a new position in General Cable during the fourth quarter valued at approximately $213,000. Dynamic Technology Lab Private Ltd purchased a new position in General Cable during the third quarter valued at approximately $246,000. Crossmark Global Holdings Inc. purchased a new position in General Cable during the third quarter valued at approximately $272,000. Campbell & CO Investment Adviser LLC purchased a new position in General Cable during the third quarter valued at approximately $330,000. Finally, Municipal Employees Retirement System of Michigan lifted its holdings in General Cable by 59.1% during the third quarter. Municipal Employees Retirement System of Michigan now owns 18,620 shares of the industrial products company’s stock valued at $351,000 after purchasing an additional 6,920 shares in the last quarter. 98.38% of the stock is currently owned by institutional investors and hedge funds.
General Cable Co. (BGC) opened at $29.65 on Tuesday. The company has a current ratio of 2.01, a quick ratio of 1.08 and a debt-to-equity ratio of 7.88. General Cable Co. has a 1-year low of $14.95 and a 1-year high of $30.17. The firm has a market cap of $1,501.10, a P/E ratio of 44.92 and a beta of 2.63.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 30th. Stockholders of record on Friday, March 9th will be given a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a dividend yield of 2.43%. The ex-dividend date is Thursday, March 8th. General Cable’s payout ratio is currently -62.61%.
General Cable 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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