Teachers Advisors LLC decreased its position in General Cable Corporation (NYSE:BGC) by 32.4% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 86,381 shares of the industrial products company’s stock after selling 41,477 shares during the period. Teachers Advisors LLC owned 0.17% of General Cable Corporation worth $1,551,000 as of its most recent filing with the SEC.
Other large investors have also recently modified their holdings of the company. IFP Advisors Inc boosted its stake in shares of General Cable Corporation by 1,517.6% in the first quarter. IFP Advisors Inc now owns 9,997 shares of the industrial products company’s stock worth $179,000 after buying an additional 9,379 shares during the last quarter. Mason Street Advisors LLC boosted its stake in shares of General Cable Corporation by 7.6% in the first quarter. Mason Street Advisors LLC now owns 11,591 shares of the industrial products company’s stock worth $208,000 after buying an additional 819 shares during the last quarter. Chicago Equity Partners LLC bought a new stake in General Cable Corporation during the first quarter worth about $232,000. Hartford Investment Management Co. boosted its stake in General Cable Corporation by 17.6% in the first quarter. Hartford Investment Management Co. now owns 14,040 shares of the industrial products company’s stock worth $252,000 after buying an additional 2,100 shares in the last quarter. Finally, Nisa Investment Advisors LLC boosted its stake in General Cable Corporation by 46.2% in the first quarter. Nisa Investment Advisors LLC now owns 14,620 shares of the industrial products company’s stock worth $262,000 after buying an additional 4,620 shares in the last quarter. 99.40% of the stock is currently owned by institutional investors and hedge funds.
General Cable Corporation (NYSE BGC) traded up 1.343% during midday trading on Friday, reaching $16.975. 225,963 shares of the company were exchanged. General Cable Corporation has a 52-week low of $11.70 and a 52-week high of $20.80. The company has a 50 day moving average of $17.77 and a 200-day moving average of $17.16. The company’s market capitalization is $844.57 million.
General Cable Corporation (NYSE:BGC) last issued its quarterly earnings results on Wednesday, August 2nd. The industrial products company reported $0.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.23 by $0.12. General Cable Corporation had a negative net margin of 4.80% and a positive return on equity of 13.47%. The firm had revenue of $943.10 million for the quarter. On average, equities research analysts anticipate that General Cable Corporation will post $0.75 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Friday, September 8th will be given a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a dividend yield of 4.30%. The ex-dividend date is Thursday, September 7th. General Cable Corporation’s dividend payout ratio (DPR) is presently -20.17%.
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Separately, BidaskClub raised shares of General Cable Corporation from a “hold” rating to a “buy” rating in a research note on Friday, August 4th. Two research analysts have rated the stock with a sell rating and three have issued a hold rating to the company. The stock presently has an average rating of “Hold”.
General Cable Corporation Company Profile
General Cable Corporation is engaged in the development, design, manufacture, marketing and distribution of copper, aluminum and fiber optic wire and cable products for use in the energy, industrial, construction, specialty and communications markets. The Company’s segments include North America, Europe, Latin America, and Africa/Asia Pacific.
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