BGC Partners, Inc. (NASDAQ:BGCP) reached a new 52-week low during trading on Tuesday . The stock traded as low as $10.06 and last traded at $10.12, with a volume of 154555 shares traded. The stock had previously closed at $10.40.

Several equities research analysts recently commented on the company. BidaskClub upgraded BGC Partners from a “strong sell” rating to a “sell” rating in a report on Friday, August 3rd. Zacks Investment Research downgraded BGC Partners from a “buy” rating to a “hold” rating in a report on Monday, October 1st. Raymond James reduced their price objective on BGC Partners from $17.00 to $16.00 and set a “strong-buy” rating for the company in a report on Friday, October 26th. Finally, ValuEngine upgraded BGC Partners from a “strong sell” rating to a “sell” rating in a report on Tuesday, September 4th. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $14.00.

The firm has a market capitalization of $3.43 billion, a P/E ratio of 8.42 and a beta of 1.19. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.70.

BGC Partners (NASDAQ:BGCP) last released its quarterly earnings data on Thursday, October 25th. The financial services provider reported $0.42 EPS for the quarter, missing the consensus estimate of $0.45 by ($0.03). BGC Partners had a return on equity of 43.44% and a net margin of 2.49%. The business had revenue of $977.25 million during the quarter, compared to the consensus estimate of $969.00 million. On average, equities analysts expect that BGC Partners, Inc. will post 1.41 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 28th. Investors of record on Wednesday, November 7th will be issued a $0.18 dividend. The ex-dividend date of this dividend is Tuesday, November 6th. This represents a $0.72 annualized dividend and a yield of 7.13%. BGC Partners’s payout ratio is 60.00%.

In other BGC Partners news, insider Sean Galvin acquired 20,000 shares of BGC Partners stock in a transaction that occurred on Monday, October 29th. The stock was bought at an average cost of $11.08 per share, for a total transaction of $221,600.00. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. 32.80% of the stock is currently owned by company insiders.

Several institutional investors have recently added to or reduced their stakes in the business. HGK Asset Management Inc. grew its stake in shares of BGC Partners by 19.4% during the 2nd quarter. HGK Asset Management Inc. now owns 35,193 shares of the financial services provider’s stock valued at $398,000 after purchasing an additional 5,707 shares during the period. Xact Kapitalforvaltning AB grew its stake in shares of BGC Partners by 19.1% during the 3rd quarter. Xact Kapitalforvaltning AB now owns 37,978 shares of the financial services provider’s stock valued at $449,000 after purchasing an additional 6,100 shares during the period. Visionary Asset Management Inc. grew its stake in shares of BGC Partners by 25.7% during the 2nd quarter. Visionary Asset Management Inc. now owns 30,437 shares of the financial services provider’s stock valued at $345,000 after purchasing an additional 6,221 shares during the period. IndexIQ Advisors LLC grew its stake in shares of BGC Partners by 3.9% during the 3rd quarter. IndexIQ Advisors LLC now owns 169,014 shares of the financial services provider’s stock valued at $1,998,000 after purchasing an additional 6,383 shares during the period. Finally, Public Employees Retirement System of Ohio grew its stake in shares of BGC Partners by 6.6% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 110,504 shares of the financial services provider’s stock valued at $1,251,000 after purchasing an additional 6,825 shares during the period. Institutional investors and hedge funds own 50.08% of the company’s stock.

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About BGC Partners (NASDAQ:BGCP)

BGC Partners, Inc operates as a brokerage company servicing the financial and real estate markets worldwide. It operates in two segments, Financial Services and Real Estate Services. The Financial Services segment provides brokerage services for fixed income, interest rate derivatives, spot foreign exchange, foreign exchange derivatives, government bonds, corporate bonds, credit derivatives, insurance and money market products, energy, metals, equity derivatives, and structured market data products and services.

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