ARP Americas LP Purchases New Stake in General Cable Co. (BGC)

ARP Americas LP purchased a new position in shares of General Cable Co. (NYSE:BGC) in the fourth quarter, Holdings Channel reports. The fund purchased 256,551 shares of the industrial products company’s stock, valued at approximately $7,594,000. General Cable comprises 2.2% of ARP Americas LP’s portfolio, making the stock its biggest holding.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Piedmont Investment Advisors LLC acquired a new stake in General Cable during the 2nd quarter worth about $175,000. Dynamic Technology Lab Private Ltd acquired a new stake in General Cable during the 3rd quarter worth about $246,000. Crossmark Global Holdings Inc. acquired a new stake in General Cable during the 3rd quarter worth about $272,000. Verition Fund Management LLC acquired a new stake in General Cable during the 2nd quarter worth about $328,000. Finally, Campbell & CO Investment Adviser LLC acquired a new stake in General Cable during the 3rd quarter worth about $330,000. 93.05% of the stock is owned by institutional investors.

Shares of General Cable Co. (BGC) opened at $29.50 on Monday. General Cable Co. has a 52-week low of $14.95 and a 52-week high of $30.17. The company has a debt-to-equity ratio of 8.42, a quick ratio of 1.10 and a current ratio of 1.98. The company has a market capitalization of $1,493.41, a PE ratio of -8.29 and a beta of 2.76.

The company also recently declared a quarterly dividend, which will be paid on Friday, March 30th. Shareholders of record on Friday, March 9th will be given a dividend of $0.18 per share. The ex-dividend date of this dividend is Thursday, March 8th. This represents a $0.72 dividend on an annualized basis and a yield of 2.44%. General Cable’s dividend payout ratio is currently -20.22%.

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General Cable 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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Institutional Ownership by Quarter for General Cable (NYSE:BGC)

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