Traders Purchase High Volume of Put Options on BGC Partners (BGCP)

BGC Partners, Inc. (NASDAQ:BGCP) saw some unusual options trading activity on Thursday. Traders bought 597 put options on the company. This represents an increase of 966% compared to the average volume of 56 put options.

In other BGC Partners news, Director Linda A. Bell sold 13,650 shares of BGC Partners stock in a transaction on Monday, October 2nd. The shares were sold at an average price of $14.70, for a total value of $200,655.00. The transaction was disclosed in a document filed with the SEC, which is available through this link. Insiders own 44.45% of the company’s stock.

Large investors have recently modified their holdings of the company. Advisor Group Inc. boosted its holdings in shares of BGC Partners by 7.6% in the second quarter. Advisor Group Inc. now owns 11,974 shares of the financial services provider’s stock valued at $103,000 after acquiring an additional 850 shares in the last quarter. Sei Investments Co. boosted its holdings in shares of BGC Partners by 47.8% in the second quarter. Sei Investments Co. now owns 8,312 shares of the financial services provider’s stock valued at $105,000 after acquiring an additional 2,689 shares in the last quarter. Ffcm LLC boosted its holdings in shares of BGC Partners by 169.5% in the second quarter. Ffcm LLC now owns 8,901 shares of the financial services provider’s stock valued at $113,000 after acquiring an additional 5,598 shares in the last quarter. Fuller & Thaler Asset Management Inc. purchased a new stake in shares of BGC Partners in the third quarter valued at about $114,000. Finally, PNC Financial Services Group Inc. boosted its holdings in shares of BGC Partners by 13.1% in the second quarter. PNC Financial Services Group Inc. now owns 9,508 shares of the financial services provider’s stock valued at $120,000 after acquiring an additional 1,100 shares in the last quarter. 43.10% of the stock is currently owned by institutional investors and hedge funds.

Shares of BGC Partners (BGCP) opened at $15.43 on Friday. The firm has a market cap of $4,460.00, a PE ratio of 15.08 and a beta of 1.27. The company has a quick ratio of 1.31, a current ratio of 1.32 and a debt-to-equity ratio of 2.97. BGC Partners has a fifty-two week low of $9.91 and a fifty-two week high of $16.97.

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

The company also recently announced a quarterly dividend, which was paid on Wednesday, November 29th. Stockholders of record on Tuesday, November 14th were issued a $0.18 dividend. This represents a $0.72 annualized dividend and a dividend yield of 4.67%. The ex-dividend date of this dividend was Monday, November 13th. BGC Partners’s payout ratio is 114.29%.

A number of research firms have commented on BGCP. ValuEngine lowered shares of BGC Partners from a “strong-buy” rating to a “buy” rating in a research note on Friday, December 1st. Zacks Investment Research raised shares of BGC Partners from a “hold” rating to a “strong-buy” rating and set a $18.00 target price on the stock in a report on Wednesday, October 4th. Finally, BidaskClub downgraded shares of BGC Partners from a “strong-buy” rating to a “buy” rating in a report on Friday.

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BGC Partners Company Profile

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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