25,933 Shares in BGC Partners, Inc. (NASDAQ:BGCP) Purchased by Weiss Asset Management LP

Weiss Asset Management LP acquired a new position in shares of BGC Partners, Inc. (NASDAQ:BGCP) in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 25,933 shares of the financial services provider’s stock, valued at approximately $138,000.

Several other institutional investors and hedge funds also recently modified their holdings of the company. Optimum Investment Advisors purchased a new stake in BGC Partners in the first quarter worth about $27,000. Proficio Capital Partners LLC lifted its stake in BGC Partners by 41.3% in the fourth quarter. Proficio Capital Partners LLC now owns 6,394 shares of the financial services provider’s stock worth $33,000 after acquiring an additional 1,869 shares during the period. Icon Wealth Partners LLC purchased a new stake in BGC Partners in the first quarter worth about $40,000. Enterprise Financial Services Corp raised its holdings in BGC Partners by 819.4% in the first quarter. Enterprise Financial Services Corp now owns 9,222 shares of the financial services provider’s stock worth $49,000 after purchasing an additional 8,219 shares in the last quarter. Finally, Trinity Legacy Partners LLC bought a new position in BGC Partners in the first quarter worth about $58,000. 52.28% of the stock is owned by hedge funds and other institutional investors.

Shares of BGCP remained flat at $$5.46 during mid-day trading on Thursday. 873,700 shares of the stock traded hands, compared to its average volume of 2,203,852. BGC Partners, Inc. has a 12-month low of $4.46 and a 12-month high of $12.65. The company has a debt-to-equity ratio of 1.15, a current ratio of 1.11 and a quick ratio of 1.09. The company has a market cap of $1.86 billion, a P/E ratio of 7.58 and a beta of 1.37. The firm has a fifty day moving average of $5.06.

BGC Partners (NASDAQ:BGCP) last posted its quarterly earnings data on Tuesday, May 7th. The financial services provider reported $0.18 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.18. BGC Partners had a net margin of 6.74% and a return on equity of 36.39%. The firm had revenue of $544.80 million for the quarter, compared to the consensus estimate of $535.25 million. During the same quarter in the prior year, the company posted $0.32 earnings per share. The company’s revenue for the quarter was up 3.8% compared to the same quarter last year. As a group, analysts predict that BGC Partners, Inc. will post 0.65 EPS for the current year.

A number of equities analysts have commented on BGCP shares. BidaskClub upgraded shares of Zebra Technologies from a “hold” rating to a “buy” rating in a report on Saturday, July 6th. Zacks Investment Research upgraded shares of DLH from a “sell” rating to a “hold” rating in a report on Tuesday. One research analyst has rated the stock with a sell rating, two have issued a buy rating and one has given a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $11.00.

BGC Partners Company Profile

BGC Partners, Inc operates as a brokerage and financial technology company worldwide. It offers various brokerage products, such as fixed income, foreign exchange, equities, energy and commodities, insurance, and futures. The company also provides other services that include trade execution, broker dealer, clearing, trade compression, post-trade, information, and other back office services to financial and non-financial institutions.

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Institutional Ownership by Quarter for BGC Partners (NASDAQ:BGCP)

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