W.E. Donoghue & Co. LLC Invests $913,000 in BGC Partners, Inc. (BGCP)

W.E. Donoghue & Co. LLC purchased a new stake in shares of BGC Partners, Inc. (NASDAQ:BGCP) during the 1st quarter, according to its most recent disclosure with the SEC. The fund purchased 171,920 shares of the financial services provider’s stock, valued at approximately $913,000. W.E. Donoghue & Co. LLC owned about 0.05% of BGC Partners at the end of the most recent quarter.

Several other institutional investors also recently made changes to their positions in the stock. Proficio Capital Partners LLC grew its holdings in shares of BGC Partners by 41.3% during the 4th quarter. Proficio Capital Partners LLC now owns 6,394 shares of the financial services provider’s stock valued at $33,000 after purchasing an additional 1,869 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of BGC Partners by 3.3% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 59,570 shares of the financial services provider’s stock valued at $308,000 after purchasing an additional 1,900 shares during the last quarter. PNC Financial Services Group Inc. grew its holdings in shares of BGC Partners by 21.8% during the 4th quarter. PNC Financial Services Group Inc. now owns 11,474 shares of the financial services provider’s stock valued at $60,000 after purchasing an additional 2,053 shares during the last quarter. Rhumbline Advisers grew its holdings in shares of BGC Partners by 1.2% during the 4th quarter. Rhumbline Advisers now owns 238,189 shares of the financial services provider’s stock valued at $1,231,000 after purchasing an additional 2,739 shares during the last quarter. Finally, Private Advisor Group LLC grew its holdings in shares of BGC Partners by 18.7% during the 4th quarter. Private Advisor Group LLC now owns 19,441 shares of the financial services provider’s stock valued at $101,000 after purchasing an additional 3,062 shares during the last quarter. 53.27% of the stock is currently owned by institutional investors.

NASDAQ:BGCP opened at $5.71 on Monday. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.20 and a current ratio of 1.23. BGC Partners, Inc. has a one year low of $4.93 and a one year high of $13.99. The company has a market cap of $1.87 billion, a P/E ratio of 7.93 and a beta of 1.35.



BGC Partners (NASDAQ:BGCP) last posted its earnings results on Thursday, February 14th. The financial services provider reported $0.14 EPS for the quarter, missing the consensus estimate of $0.16 by ($0.02). BGC Partners had a return on equity of 39.22% and a net margin of 5.82%. The business had revenue of $466.40 million for the quarter, compared to analyst estimates of $462.00 million. During the same quarter in the prior year, the business earned $0.12 earnings per share. The firm’s quarterly revenue was up 8.0% on a year-over-year basis. On average, analysts expect that BGC Partners, Inc. will post 0.7 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 20th. Investors of record on Wednesday, March 6th were given a dividend of $0.14 per share. The ex-dividend date of this dividend was Tuesday, March 5th. This is an increase from BGC Partners’s previous quarterly dividend of $0.12. This represents a $0.56 annualized dividend and a yield of 9.81%. BGC Partners’s dividend payout ratio (DPR) is currently 77.78%.

In related news, Director Linda A. Bell sold 17,887 shares of BGC Partners stock in a transaction that occurred on Monday, March 18th. The shares were sold at an average price of $5.70, for a total transaction of $101,955.90. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 32.80% of the stock is owned by company insiders.

Several equities research analysts recently issued reports on the stock. BidaskClub raised shares of BGC Partners from a “strong sell” rating to a “sell” rating in a report on Wednesday, April 3rd. Zacks Investment Research lowered shares of BGC Partners from a “hold” rating to a “sell” rating in a report on Friday, April 5th. Finally, TheStreet lowered shares of BGC Partners from a “b” rating to a “c+” rating in a report on Wednesday, December 19th. Three research analysts have rated the stock with a sell rating and one has issued a strong buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $14.00.

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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.

See Also: Initial Public Offering (IPO)

Institutional Ownership by Quarter for BGC Partners (NASDAQ:BGCP)

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