Caption Management LLC Invests $173,000 in BGC Partners, Inc. (NASDAQ:BGCP)

Caption Management LLC purchased a new position in shares of BGC Partners, Inc. (NASDAQ:BGCP – Get Rating) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 51,200 shares of the financial services provider’s stock, valued at approximately $173,000.

A number of other hedge funds also recently modified their holdings of BGCP. Philosophy Capital Management LLC raised its position in shares of BGC Partners by 145.8% during the first quarter. Philosophy Capital Management LLC now owns 5,000,000 shares of the financial services provider’s stock worth $22,000,000 after purchasing an additional 2,965,830 shares during the period. Lonestar Capital Management LLC acquired a new stake in shares of BGC Partners during the first quarter worth about $8,360,000. AltraVue Capital LLC raised its position in shares of BGC Partners by 31.9% during the first quarter. AltraVue Capital LLC now owns 7,524,520 shares of the financial services provider’s stock worth $33,108,000 after purchasing an additional 1,819,460 shares during the period. JPMorgan Chase & Co. raised its position in shares of BGC Partners by 73.7% during the first quarter. JPMorgan Chase & Co. now owns 3,275,777 shares of the financial services provider’s stock worth $14,414,000 after purchasing an additional 1,389,908 shares during the period. Finally, Jupiter Asset Management Ltd. raised its position in shares of BGC Partners by 50.8% during the first quarter. Jupiter Asset Management Ltd. now owns 2,896,572 shares of the financial services provider’s stock worth $12,716,000 after purchasing an additional 976,176 shares during the period. Institutional investors and hedge funds own 55.49% of the company’s stock.

BGC Partners Trading Up 1.1 %

NASDAQ:BGCP opened at $4.48 on Friday. The company has a market cap of $1.66 billion, a P/E ratio of 14.00 and a beta of 1.57. BGC Partners, Inc. has a twelve month low of $3.00 and a twelve month high of $4.89. The business has a 50 day moving average price of $3.92 and a two-hundred day moving average price of $3.77. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 1.48.

BGC Partners Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 6th. Investors of record on Tuesday, November 22nd were issued a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a yield of 0.89%. The ex-dividend date of this dividend was Monday, November 21st. BGC Partners’s payout ratio is 12.50%.

Analysts Set New Price Targets

Separately, StockNews.com initiated coverage on BGC Partners in a research report on Wednesday, October 12th. They set a “buy” rating on the stock.

About BGC Partners

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BGC Partners, Inc operates as a financial brokerage and technology company in the United States, France, other Europe, the United Kingdom, other Americas, Asia, Australia, Africa, and the Middle East. It offers various brokerage products, such as fixed income, such as government bonds, corporate bonds, and other debt instruments, as well as related interest rate derivatives and credit derivatives; and fixed income, equity derivatives and cash equities, energy and commodities, shipping, insurance, and futures and options.