BGC Partners, Inc. (BGCP) Short Interest Up 121.4% in December

BGC Partners, Inc. (NASDAQ:BGCP) was the target of a significant growth in short interest during the month of December. As of December 15th, there was short interest totalling 2,917,425 shares, a growth of 121.4% from the November 30th total of 1,317,897 shares. Based on an average trading volume of 2,442,633 shares, the days-to-cover ratio is presently 1.2 days. Approximately 1.4% of the company’s shares are short sold.

In other BGC Partners news, Director Linda A. Bell sold 13,650 shares of the company’s stock in a transaction on Monday, October 2nd. The shares were 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 at the SEC website. Corporate insiders own 44.45% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in the company. Parametric Portfolio Associates LLC boosted its position in shares of BGC Partners by 11.4% during the 3rd quarter. Parametric Portfolio Associates LLC now owns 1,262,771 shares of the financial services provider’s stock worth $18,272,000 after purchasing an additional 129,237 shares in the last quarter. Insight Capital Research & Management Inc. bought a new position in shares of BGC Partners during the 3rd quarter worth about $1,363,000. California Public Employees Retirement System boosted its position in shares of BGC Partners by 9.9% during the 3rd quarter. California Public Employees Retirement System now owns 807,948 shares of the financial services provider’s stock worth $11,691,000 after purchasing an additional 72,648 shares in the last quarter. Ladenburg Thalmann Financial Services Inc. boosted its position in shares of BGC Partners by 4.6% during the 3rd quarter. Ladenburg Thalmann Financial Services Inc. now owns 141,764 shares of the financial services provider’s stock worth $2,052,000 after purchasing an additional 6,236 shares in the last quarter. Finally, Granahan Investment Management Inc. MA boosted its position in shares of BGC Partners by 29.8% during the 3rd quarter. Granahan Investment Management Inc. MA now owns 175,774 shares of the financial services provider’s stock worth $2,543,000 after purchasing an additional 40,317 shares in the last quarter. 43.04% of the stock is currently owned by institutional investors.

Shares of BGC Partners (NASDAQ BGCP) opened at $15.21 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. The company has a market cap of $4,370.00, a price-to-earnings ratio of 24.14 and a beta of 1.27. BGC Partners has a 1 year low of $10.17 and a 1 year high of $16.97.

BGC Partners (NASDAQ:BGCP) last issued its quarterly earnings results on Thursday, October 26th. The financial services provider reported $0.29 EPS for the quarter, meeting the Zacks’ 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 business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 29th. Stockholders of record on Tuesday, November 14th were given a dividend of $0.18 per share. The ex-dividend date of this dividend was Monday, November 13th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 4.73%. BGC Partners’s dividend payout ratio (DPR) is presently 114.29%.

A number of analysts have commented on the stock. ValuEngine cut shares of BGC Partners from a “strong-buy” rating to a “buy” rating in a research report 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 price target on the stock in a research report on Wednesday, October 4th. Finally, BidaskClub cut shares of BGC Partners from a “strong-buy” rating to a “buy” rating in a research report on Friday, December 15th.

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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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