ValuEngine lowered shares of BGC Partners (NASDAQ:BGCP) from a strong-buy rating to a buy rating in a report published on Friday morning.

Several other brokerages also recently weighed in on BGCP. Zacks Investment Research raised BGC Partners from a sell rating to a hold rating in a report on Tuesday, September 26th. BidaskClub raised BGC Partners from a hold rating to a buy rating in a report on Thursday, August 17th.

Shares of BGC Partners (NASDAQ:BGCP) opened at $16.35 on Friday. The company has a current ratio of 1.32, a quick ratio of 1.31 and a debt-to-equity ratio of 2.97. BGC Partners has a fifty-two week low of $9.78 and a fifty-two week high of $16.51. The firm has a market capitalization of $4,722.81, a price-to-earnings ratio of 16.19 and a beta of 1.27.

BGC Partners (NASDAQ:BGCP) last issued its quarterly earnings results on Thursday, October 26th. The financial services provider reported $0.29 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.29. BGC Partners had a return on equity of 42.02% and a net margin of 4.67%. The firm had revenue of $827.03 million during the quarter.

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 29th. Investors of record on Tuesday, November 14th were issued a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a dividend yield of 4.40%. The ex-dividend date was Monday, November 13th. BGC Partners’s dividend payout ratio is presently 153.19%.

In other BGC Partners news, Director Linda A. Bell sold 13,650 shares of the stock in a transaction on Monday, October 2nd. The stock was sold at an average price of $14.70, for a total value of $200,655.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 44.45% of the company’s stock.

A number of large investors have recently added to or reduced their stakes in the business. Insight Capital Research & Management Inc. purchased a new position in BGC Partners in the third quarter worth $1,363,000. California Public Employees Retirement System raised its position in BGC Partners by 9.9% in the third quarter. California Public Employees Retirement System now owns 807,948 shares of the financial services provider’s stock worth $11,691,000 after acquiring an additional 72,648 shares in the last quarter. Ladenburg Thalmann Financial Services Inc. raised its position in BGC Partners by 4.6% in the third quarter. Ladenburg Thalmann Financial Services Inc. now owns 141,764 shares of the financial services provider’s stock worth $2,052,000 after acquiring an additional 6,236 shares in the last quarter. Granahan Investment Management Inc. MA raised its position in BGC Partners by 29.8% in the third quarter. Granahan Investment Management Inc. MA now owns 175,774 shares of the financial services provider’s stock worth $2,543,000 after acquiring an additional 40,317 shares in the last quarter. Finally, Highbridge Capital Management LLC purchased a new position in BGC Partners in the third quarter worth $417,000. Hedge funds and other institutional investors own 43.10% of the company’s stock.

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About BGC Partners

BGC Partners, Inc (BGC) is a global brokerage company servicing the financial and real estate markets. The Company operates through two segments: Financial Services and Real Estate Services. It provides a range of services, including trade execution, broker-dealer services clearing, trade compression, post trade, information, and other back-office services to a range of financial and non-financial institutions.

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