BGC Partners, Inc. (BGCP) Announces Quarterly Earnings Results
BGC Partners, Inc. (NASDAQ:BGCP) announced its earnings results on Thursday. The financial services provider reported $0.29 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.29, MarketWatch Earnings reports. The firm had revenue of $827.03 million for the quarter. BGC Partners had a return on equity of 35.60% and a net margin of 4.23%.
Shares of BGC Partners (BGCP) traded down 1.37% on Friday, reaching $15.13. The company’s stock had a trading volume of 1,260,592 shares. The stock has a 50 day moving average of $14.63 and a 200-day moving average of $12.82. BGC Partners has a 12 month low of $8.36 and a 12 month high of $16.51. The firm has a market cap of $4.33 billion, a price-to-earnings ratio of 38.11 and a beta of 1.31.
In other news, Director Linda A. Bell sold 13,650 shares of the firm’s stock in a transaction dated Monday, October 2nd. The stock was sold at an average price of $14.70, for a total transaction of $200,655.00. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. 37.40% of the stock is currently owned by company insiders.
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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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