Swiss National Bank held its position in shares of General Cable Corporation (NYSE:BGC) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 81,300 shares of the industrial products company’s stock at the end of the 2nd quarter. Swiss National Bank owned approximately 0.16% of General Cable Corporation worth $1,329,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Arizona State Retirement System lifted its position in shares of General Cable Corporation by 0.4% in the 2nd quarter. Arizona State Retirement System now owns 25,901 shares of the industrial products company’s stock worth $423,000 after purchasing an additional 100 shares during the period. Texas Permanent School Fund lifted its position in shares of General Cable Corporation by 1.0% in the 2nd quarter. Texas Permanent School Fund now owns 36,236 shares of the industrial products company’s stock worth $592,000 after purchasing an additional 346 shares during the period. Municipal Employees Retirement System of Michigan lifted its position in shares of General Cable Corporation by 4.2% in the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 11,700 shares of the industrial products company’s stock worth $191,000 after purchasing an additional 470 shares during the period. Mason Street Advisors LLC lifted its position in shares of General Cable Corporation by 7.6% in the 1st quarter. Mason Street Advisors LLC now owns 11,591 shares of the industrial products company’s stock worth $208,000 after purchasing an additional 819 shares during the period. Finally, Rhumbline Advisers lifted its position in shares of General Cable Corporation by 1.0% in the 2nd quarter. Rhumbline Advisers now owns 97,464 shares of the industrial products company’s stock worth $1,594,000 after purchasing an additional 1,002 shares during the period. Institutional investors and hedge funds own 98.14% of the company’s stock.

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Separately, BidaskClub upgraded shares of General Cable Corporation from a “hold” rating to a “buy” rating in a research report on Friday, August 4th.

General Cable Corporation (BGC) opened at 21.40 on Thursday. The stock has a 50 day moving average of $18.66 and a 200-day moving average of $17.59. General Cable Corporation has a 12 month low of $11.70 and a 12 month high of $21.90. The firm’s market cap is $1.06 billion.

General Cable Corporation (NYSE:BGC) last released its quarterly earnings data on Wednesday, August 2nd. The industrial products company reported $0.11 earnings per share for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.12). The company had revenue of $943.10 million for the quarter. General Cable Corporation had a negative net margin of 4.80% and a positive return on equity of 13.47%. Equities research analysts predict that General Cable Corporation will post $0.75 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 29th. Stockholders of record on Friday, September 8th were paid a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a dividend yield of 3.36%. The ex-dividend date was Thursday, September 7th. General Cable Corporation’s dividend payout ratio (DPR) is presently -20.17%.

General Cable Corporation Company Profile

General Cable Corporation is engaged in the development, design, manufacture, marketing and distribution of copper, aluminum and fiber optic wire and cable products for use in the energy, industrial, construction, specialty and communications markets. The Company’s segments include North America, Europe, Latin America, and Africa/Asia Pacific.

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Institutional Ownership by Quarter for General Cable Corporation (NYSE:BGC)

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