BGC Partners, Inc. (NASDAQ:BGCP) saw a large decline in short interest during the month of February. As of February 28th, there was short interest totalling 818,394 shares, a decline of 47.5% from the February 15th total of 1,558,169 shares. Based on an average trading volume of 2,595,256 shares, the short-interest ratio is currently 0.3 days. Approximately 0.5% of the company’s shares are sold short.

Several research analysts have weighed in on the company. BidaskClub upgraded BGC Partners from a “sell” rating to a “hold” rating in a report on Saturday. TheStreet downgraded BGC Partners from a “b” rating to a “c+” rating in a report on Monday, February 12th. ValuEngine downgraded BGC Partners from a “strong-buy” rating to a “buy” rating in a report on Friday, December 1st. Finally, BGC Financial upgraded BGC Partners from a “hold” rating to a “buy” rating in a report on Tuesday, February 13th. One equities research analyst has rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the stock. BGC Partners has a consensus rating of “Buy” and an average price target of $18.00.

How to Become a New Pot Stock Millionaire

Several hedge funds and other institutional investors have recently made changes to their positions in BGCP. Nationwide Fund Advisors grew its stake in shares of BGC Partners by 53.2% during the 3rd quarter. Nationwide Fund Advisors now owns 127,000 shares of the financial services provider’s stock valued at $1,838,000 after buying an additional 44,100 shares during the period. Aperio Group LLC grew its stake in shares of BGC Partners by 38.5% during the 3rd quarter. Aperio Group LLC now owns 119,235 shares of the financial services provider’s stock valued at $1,725,000 after buying an additional 33,154 shares during the period. Raymond James Financial Services Advisors Inc. grew its stake in shares of BGC Partners by 8.4% during the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 1,351,467 shares of the financial services provider’s stock valued at $19,556,000 after buying an additional 104,240 shares during the period. American Century Companies Inc. purchased a new stake in shares of BGC Partners during the 3rd quarter valued at $1,188,000. Finally, Swiss National Bank grew its stake in shares of BGC Partners by 1.9% during the 3rd quarter. Swiss National Bank now owns 355,408 shares of the financial services provider’s stock valued at $5,143,000 after buying an additional 6,500 shares during the period. 44.27% of the stock is owned by institutional investors.

Shares of BGC Partners (NASDAQ:BGCP) opened at $14.06 on Wednesday. BGC Partners has a 12 month low of $10.39 and a 12 month high of $16.97. The stock has a market cap of $4,388.43, a price-to-earnings ratio of 12.91 and a beta of 1.10. The company has a current ratio of 1.20, a quick ratio of 1.18 and a debt-to-equity ratio of 1.45.

BGC Partners (NASDAQ:BGCP) last announced its quarterly earnings data on Friday, February 9th. The financial services provider reported $0.35 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.28 by $0.07. BGC Partners had a net margin of 0.05% and a return on equity of 47.22%. The company had revenue of $894.23 million during the quarter, compared to analysts’ expectations of $853.00 million. During the same period in the previous year, the company earned $0.25 EPS. sell-side analysts predict that BGC Partners will post 1.35 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 13th. Stockholders of record on Tuesday, February 27th were paid a dividend of $0.18 per share. The ex-dividend date of this dividend was Monday, February 26th. This represents a $0.72 annualized dividend and a dividend yield of 5.12%.

COPYRIGHT VIOLATION NOTICE: “BGC Partners, Inc. (BGCP) Short Interest Down 47.5% in February” was originally published by Daily Political and is the sole property of of Daily Political. If you are viewing this story on another publication, it was illegally copied and republished in violation of US & international trademark & copyright law. The original version of this story can be read at https://www.dailypolitical.com/2018/03/14/bgc-partners-inc-bgcp-short-interest-down-47-5-in-february.html.

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.

Receive News & Ratings for BGC Partners Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BGC Partners and related companies with MarketBeat.com's FREE daily email newsletter.