The stock last traded at $12.84 which is marginally over $11.95, the 50 day moving average and which is slightly above the 200 day moving average of $11.28. The 50 day moving average was up $0.89 and the 200 day average went up by +13.88%. 1,402K shares changed hands in the last trading session. Overall, volume was down 0.96% under the stocks normal daily volume.
Traders are feeling more bearish on BGC Partners, Inc. of late as evidenced by the uptick in short interest. The firm experienced a rise in short interest of 15.47% as of the latest report on May 31, 2017. Short interest grew from 2,585,851 to 2,985,874 over that period. The days to cover increased to 2.2 and the percentage of shorted shares was 0.01% on May 31.
Here are a few additional firms who have increased or decreased their stake in (BGCP). Creative Planning added to its holdings by buying 10,363 shares an increase of 66.6% in the quarter. Creative Planning now controls 25,923 shares worth $328,000. The value of the position overall is up by 85.3%. Bank Of Montreal /can/ expanded its ownership by buying 90 shares an increase of 0.2% from 03/31/2017 to 06/30/2017. Bank Of Montreal /can/ claims 38,863 shares valued at $491,000. The total value of its holdings increased 11.6%.
As of quarter end Baird Financial Group, Inc. had sold 7,391 shares trimming its stake by 9.8%. The value in dollars went from $775,000 to $776,000 a change of 0.1% quarter to quarter. As of the end of the quarter Proficio Capital Partners LLC had acquired a total of 248 shares growing its holdings by 12.8%. The value of the investment in BGC Partners, Inc. increased from $20,000 to $25,000 increasing 25.0% quarter over quarter.
On July 6 the stock rating was upgraded to “Strong Buy” from “Outperform” in a report from Raymond James. April 14 investment analysts at Keefe Bruyette & Woods maintained a stock rating of “Outperform” and raised the price target from $10.00 to $11.00.
On April 2 Raymond James maintained a company rating of “Outperform” and moved up the price target to $12.00 from $10.00. On February 12, 2015 the stock rating was changed to a “Outperform” according to a Keefe Bruyette & Woods report which was a boost from the previous “Market Perform” rating.
Equity analyst Keefe Bruyette & Woods upgraded the stock and raised the price target on February 11 changing the price target from $9.00 to $10.00 and altering the rating from “Market Perform” to “Outperform”. On February 11 the company was upgraded from “Market Perform” to “Outperform” with a current price target of $10.00 by Keefe Bruyette & Woods.
The company is trading up from yesterday’s close of $12.65. Additionally the company recently announced a dividend that was paid on Monday June 5th, 2017. The dividend payment was $0.180 per share for the quarter which comes to $0.72 on an annualized basis. The dividend yield was $5.73. The ex-dividend date was set for Wednesday the 17th of May 2017.
The company currently has a P/E ratio of 33.97 and the market cap of the company is 3.66B. In the last earnings report the EPS was $0.38 and is estimated to be $1.00 for the current year with 284,927,000 shares now outstanding. Analysts expect next quarter’s EPS to be $0.25 and the next full year EPS is anticipated to be $1.13.
BGC Partners, Inc. (BGC), launched on June 3, 1999, is a global brokerage company servicing the financial and real estate markets. The Company operates through two segments: Financial Services and Real Estate Services. The Company 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. Its integrated platform is designed to provide flexibility to customers with regard to price discovery, execution and processing of transactions, and enables them to use voice, hybrid, or in various markets, electronic brokerage services in connection with transactions executed either over-the-counter or through an exchange. Through the Business’s FENICS, Lucera, BGC Trader, BGC Market Data and Capitalab brands, it offers electronic brokerage, financial technology solutions, market data, post-trade services, and analytics related to select financial instruments and markets. The Business’s customers include banks, broker-dealers, investment banks, trading firms, hedge funds, governments, corporations, property owners, real estate developers and investment firms..