UBS Asset Management Americas Inc. decreased its stake in BGC Partners Inc. (NASDAQ:BGCP) by 2.7% during the second quarter, Holdings Channel reports. The institutional investor owned 137,764 shares of the company’s stock after selling 3,800 shares during the period. UBS Asset Management Americas Inc.’s holdings in BGC Partners were worth $1,200,000 as of its most recent SEC filing.
Other institutional investors have also bought and sold shares of the company. BlackRock Inc. boosted its position in BGC Partners by 138.1% in the first quarter. BlackRock Inc. now owns 12,083 shares of the company’s stock valued at $109,000 after buying an additional 7,008 shares in the last quarter. Fox Run Management L.L.C. purchased a new position in BGC Partners during the second quarter valued at approximately $123,000. Menta Capital LLC purchased a new position in BGC Partners during the first quarter valued at approximately $126,000. BLB&B Advisors LLC boosted its position in BGC Partners by 46.3% in the second quarter. BLB&B Advisors LLC now owns 14,910 shares of the company’s stock valued at $130,000 after buying an additional 4,720 shares during the period. Finally, IMS Capital Management boosted its position in BGC Partners by 0.3% in the second quarter. IMS Capital Management now owns 16,022 shares of the company’s stock valued at $140,000 after buying an additional 52 shares during the period. 38.79% of the stock is owned by institutional investors and hedge funds.
BGC Partners Inc. (NASDAQ:BGCP) traded up 1.49% during trading on Friday, reaching $8.88. The company’s stock had a trading volume of 906,331 shares. BGC Partners Inc. has a 52-week low of $8.18 and a 52-week high of $9.90. The firm’s 50-day moving average is $8.88 and its 200-day moving average is $8.94. The stock has a market cap of $2.46 billion, a P/E ratio of 18.39 and a beta of 1.33.
BGC Partners (NASDAQ:BGCP) last announced its quarterly earnings data on Thursday, July 28th. The company reported $0.19 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.19. The company earned $652 million during the quarter, compared to analysts’ expectations of $665.70 million. BGC Partners had a return on equity of 24.31% and a net margin of 5.01%. BGC Partners’s revenue for the quarter was down 2.5% compared to the same quarter last year. During the same quarter last year, the company earned $0.18 EPS. Equities research analysts forecast that BGC Partners Inc. will post $0.84 EPS for the current year.
Separately, Zacks Investment Research raised BGC Partners from a “sell” rating to a “hold” rating in a report on Tuesday, August 30th.
About BGC Partners
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. The Company provides a range of services, including trade execution, broker-dealer services, clearing, processing, information, and other back-office services to a range of financial and non-financial institutions.