BGC Partners, Inc. (NASDAQ:BGCP) was the target of a significant increase in short interest in the month of August. As of August 31st, there was short interest totalling 8,581,600 shares, an increase of 7.4% from the July 31st total of 7,988,800 shares. Approximately 3.2% of the company’s shares are sold short. Based on an average trading volume of 1,800,000 shares, the days-to-cover ratio is presently 4.8 days.

Shares of NASDAQ:BGCP traded down $0.02 during trading on Friday, reaching $5.66. 1,657,218 shares of the company were exchanged, compared to its average volume of 1,437,589. The firm has a market capitalization of $1.96 billion, a PE ratio of 7.86 and a beta of 1.43. The business’s fifty day simple moving average is $5.18 and its 200-day simple moving average is $5.32. BGC Partners has a 12-month low of $4.46 and a 12-month high of $12.14. The company has a debt-to-equity ratio of 1.25, a current ratio of 1.11 and a quick ratio of 1.09.

BGC Partners (NASDAQ:BGCP) last issued its earnings results on Thursday, July 25th. The financial services provider reported $0.17 EPS for the quarter, missing the Zacks’ consensus estimate of $0.18 by ($0.01). The company had revenue of $551.20 million for the quarter, compared to analysts’ expectations of $546.65 million. BGC Partners had a return on equity of 38.17% and a net margin of 6.98%. The business’s revenue was up 12.3% compared to the same quarter last year. During the same period last year, the business posted $0.30 earnings per share. On average, sell-side analysts anticipate that BGC Partners will post 0.63 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, August 28th. Stockholders of record on Wednesday, August 14th were paid a dividend of $0.14 per share. The ex-dividend date of this dividend was Tuesday, August 13th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 9.89%. BGC Partners’s dividend payout ratio is presently 77.78%.

A number of equities analysts have recently commented on BGCP shares. BidaskClub raised shares of BGC Partners from a “buy” rating to a “strong-buy” rating in a research report on Thursday. Zacks Investment Research lowered shares of BGC Partners from a “hold” rating to a “sell” rating in a research report on Tuesday, September 10th. Two equities research analysts have rated the stock with a sell rating and two have issued a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $11.00.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Tower Research Capital LLC TRC bought a new position in shares of BGC Partners during the second quarter valued at approximately $25,000. Rockefeller Capital Management L.P. bought a new position in shares of BGC Partners during the second quarter valued at approximately $27,000. Riverhead Capital Management LLC bought a new position in shares of BGC Partners during the second quarter valued at approximately $28,000. Redhawk Wealth Advisors Inc. bought a new position in shares of BGC Partners during the second quarter valued at approximately $33,000. Finally, Icon Wealth Partners LLC bought a new position in shares of BGC Partners during the first quarter valued at approximately $40,000. Hedge funds and other institutional investors own 52.61% 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.

Further Reading: What is diluted earnings per share (Diluted EPS)?

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