17,685 Shares in BGC Partners, Inc. (BGCP) Acquired by Wedbush Securities Inc.
Wedbush Securities Inc. bought a new position in BGC Partners, Inc. (NASDAQ:BGCP) during the 4th quarter, HoldingsChannel.com reports. The firm bought 17,685 shares of the financial services provider’s stock, valued at approximately $91,000.
Several other institutional investors have also recently modified their holdings of BGCP. Marshall Wace LLP bought a new position in shares of BGC Partners in the third quarter worth approximately $35,018,000. Vanguard Group Inc boosted its holdings in BGC Partners by 7.4% in the third quarter. Vanguard Group Inc now owns 24,126,342 shares of the financial services provider’s stock valued at $285,174,000 after acquiring an additional 1,663,651 shares in the last quarter. Vanguard Group Inc. boosted its holdings in BGC Partners by 7.4% in the third quarter. Vanguard Group Inc. now owns 24,126,342 shares of the financial services provider’s stock valued at $285,174,000 after acquiring an additional 1,663,651 shares in the last quarter. EJF Capital LLC boosted its holdings in BGC Partners by 138.8% in the third quarter. EJF Capital LLC now owns 2,785,783 shares of the financial services provider’s stock valued at $32,928,000 after acquiring an additional 1,619,083 shares in the last quarter. Finally, Rubric Capital Management LP bought a new stake in BGC Partners in the third quarter valued at $18,912,000. Hedge funds and other institutional investors own 51.63% of the company’s stock.
BGC Partners stock traded up $0.02 on Monday, hitting $6.06. 13,729 shares of the stock traded hands, compared to its average volume of 1,663,516. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.70. The firm has a market capitalization of $1.99 billion, a P/E ratio of 5.04 and a beta of 1.40. BGC Partners, Inc. has a 1 year low of $4.93 and a 1 year high of $14.67.
About BGC Partners
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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