James Investment Research Inc. Buys Shares of 112,200 BGC Partners, Inc. (NASDAQ:BGCP)
James Investment Research Inc. bought a new stake in BGC Partners, Inc. (NASDAQ:BGCP) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 112,200 shares of the financial services provider’s stock, valued at approximately $1,418,000.
Other large investors also recently modified their holdings of the company. Commonwealth Financial Services LLC bought a new stake in shares of BGC Partners during the first quarter valued at about $118,000. Regent Investment Management LLC boosted its position in shares of BGC Partners by 8.3% in the first quarter. Regent Investment Management LLC now owns 13,000 shares of the financial services provider’s stock valued at $148,000 after buying an additional 1,000 shares in the last quarter. Jackson Grant Investment Advisers Inc. acquired a new position in shares of BGC Partners during the fourth quarter valued at $151,000. Meeder Asset Management Inc. boosted its position in shares of BGC Partners by 31,085.0% in the second quarter. Meeder Asset Management Inc. now owns 12,474 shares of the financial services provider’s stock valued at $158,000 after buying an additional 12,434 shares in the last quarter. Finally, Jane Street Group LLC acquired a new position in shares of BGC Partners during the first quarter valued at $164,000. Institutional investors own 45.93% of the company’s stock.
BGC Partners, Inc. (NASDAQ:BGCP) opened at 13.23 on Thursday. The company’s 50 day moving average is $12.44 and its 200-day moving average is $11.54. BGC Partners, Inc. has a 1-year low of $8.36 and a 1-year high of $13.28. The stock has a market cap of $3.77 billion, a PE ratio of 35.00 and a beta of 1.29.
BGC Partners (NASDAQ:BGCP) last posted its quarterly earnings data on Thursday, May 4th. The financial services provider reported $0.23 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.22 by $0.01. The business had revenue of $707.40 million for the quarter, compared to the consensus estimate of $693 million. BGC Partners had a net margin of 4.14% and a return on equity of 32.21%. The company’s revenue was up 10.4% compared to the same quarter last year. During the same period last year, the firm posted $0.18 earnings per share. Equities research analysts forecast that BGC Partners, Inc. will post $1.00 earnings per share for the current fiscal year.
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BGCP has been the topic of several analyst reports. Zacks Investment Research upgraded shares of BGC Partners from a “hold” rating to a “strong-buy” rating and set a $13.00 price target on the stock in a research note on Monday, April 3rd. BidaskClub upgraded shares of BGC Partners from a “hold” rating to a “buy” rating in a research note on Sunday.
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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