BGC Partners, Inc. (NASDAQ:BGCP) Position Decreased by O Shares Investment Advisers LLC

O Shares Investment Advisers LLC trimmed its stake in BGC Partners, Inc. (NASDAQ:BGCP) by 10.8% during the first quarter, HoldingsChannel reports. The fund owned 63,882 shares of the financial services provider’s stock after selling 7,734 shares during the quarter. O Shares Investment Advisers LLC’s holdings in BGC Partners were worth $339,000 as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of BGCP. Optimum Investment Advisors acquired a new stake in BGC Partners in the 1st quarter valued at approximately $27,000. Proficio Capital Partners LLC grew its holdings in BGC Partners by 41.3% in the 4th quarter. Proficio Capital Partners LLC now owns 6,394 shares of the financial services provider’s stock valued at $33,000 after buying an additional 1,869 shares during the last quarter. Icon Wealth Partners LLC acquired a new stake in BGC Partners in the 1st quarter valued at approximately $40,000. Enterprise Financial Services Corp grew its holdings in BGC Partners by 819.4% in the 1st quarter. Enterprise Financial Services Corp now owns 9,222 shares of the financial services provider’s stock valued at $49,000 after buying an additional 8,219 shares during the last quarter. Finally, US Bancorp DE grew its holdings in BGC Partners by 78.3% in the 1st quarter. US Bancorp DE now owns 10,209 shares of the financial services provider’s stock valued at $55,000 after buying an additional 4,484 shares during the last quarter. 52.35% of the stock is currently owned by institutional investors and hedge funds.

Shares of NASDAQ:BGCP opened at $4.99 on Friday. BGC Partners, Inc. has a 1-year low of $4.46 and a 1-year high of $12.85. The company has a market cap of $1.71 billion, a PE ratio of 6.93 and a beta of 1.36. The company has a current ratio of 1.11, a quick ratio of 1.09 and a debt-to-equity ratio of 1.15.

BGC Partners (NASDAQ:BGCP) last announced its quarterly earnings data on Tuesday, May 7th. The financial services provider reported $0.18 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.18. BGC Partners had a return on equity of 36.39% and a net margin of 6.74%. The company had revenue of $544.80 million for the quarter, compared to analyst estimates of $535.25 million. During the same quarter last year, the firm earned $0.32 EPS. BGC Partners’s revenue for the quarter was up 3.8% compared to the same quarter last year. Research analysts expect that BGC Partners, Inc. will post 0.64 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 10th. Stockholders of record on Friday, May 24th were issued a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a dividend yield of 11.22%. The ex-dividend date was Thursday, May 23rd. BGC Partners’s payout ratio is presently 77.78%.

BGCP has been the topic of a number of research analyst reports. BidaskClub lowered BGC Partners from a “hold” rating to a “sell” rating in a report on Wednesday, February 20th. Zacks Investment Research raised BGC Partners from a “strong sell” rating to a “hold” rating in a report on Wednesday, March 13th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and one has given a strong buy rating to the company’s stock. BGC Partners has a consensus rating of “Hold” and a consensus target price of $14.00.

In other news, Director Linda A. Bell sold 17,887 shares of BGC Partners stock in a transaction that occurred on Monday, March 18th. The stock was sold at an average price of $5.70, for a total transaction of $101,955.90. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 32.80% of the stock is currently owned by company insiders.

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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.

See Also: What are Institutional Investors?

Want to see what other hedge funds are holding BGCP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for BGC Partners, Inc. (NASDAQ:BGCP).

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

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