BGC Partners Director Stephen T. Curwood Unloads 4,800 Shares (BGCP)
BGC Partners (NASDAQ:BGCP) Director Stephen T. Curwood unloaded 4,800 shares of the stock on the open market in a transaction dated Wednesday, June 18th. The stock was sold at an average price of $7.48, for a total transaction of $35,904.00. Following the transaction, the director now directly owns 26,340 shares of the company’s stock, valued at approximately $197,023. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
BGCP has been the subject of a number of recent research reports. Analysts at BGC Financial raised their price target on shares of BGC Partners from $7.00 to $8.00 in a research note on Friday, May 2nd.
Shares of BGC Partners (NASDAQ:BGCP) traded up 1.08% during mid-day trading on Wednesday, hitting $7.50. 1,118,289 shares of the company’s stock traded hands. BGC Partners has a 52 week low of $5.10 and a 52 week high of $7.51. The stock has a 50-day moving average of $7.16 and a 200-day moving average of $6.69. The company has a market cap of $1.642 billion and a price-to-earnings ratio of 21.45.
BGC Partners (NASDAQ:BGCP) last announced its earnings results on Thursday, May 1st. The company reported $0.15 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.13 by $0.02. The company had revenue of $445.90 million for the quarter, compared to the consensus estimate of $436.00 million. During the same quarter last year, the company posted $0.12 earnings per share. BGC Partners’s revenue was down .9% compared to the same quarter last year. On average, analysts predict that BGC Partners will post $0.58 earnings per share for the current fiscal year.
BGC Partners, Inc (NASDAQ:BGCP) is a global brokerage company primarily servicing the wholesale financial markets, specializing in the brokering of a range of products, including fixed income securities, interest rate swaps, foreign exchange, equities, equity derivatives, credit derivatives, commercial real estate, property derivatives, commodities, futures and structured products.
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