Rhumbline Advisers lifted its stake in General Cable Co. (NYSE:BGC) by 15.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 115,290 shares of the industrial products company’s stock after buying an additional 15,684 shares during the period. Rhumbline Advisers owned approximately 0.23% of General Cable worth $3,413,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently modified their holdings of the company. The Manufacturers Life Insurance Company boosted its position in shares of General Cable by 2.0% in the second quarter. The Manufacturers Life Insurance Company now owns 38,644 shares of the industrial products company’s stock worth $632,000 after buying an additional 753 shares during the period. GWM Advisors LLC boosted its position in shares of General Cable by 3.9% in the fourth quarter. GWM Advisors LLC now owns 59,756 shares of the industrial products company’s stock worth $1,769,000 after buying an additional 2,267 shares during the period. Legal & General Group Plc boosted its position in shares of General Cable by 1.4% in the third quarter. Legal & General Group Plc now owns 206,869 shares of the industrial products company’s stock worth $3,901,000 after buying an additional 2,767 shares during the period. California Public Employees Retirement System boosted its position in shares of General Cable by 1.3% in the third quarter. California Public Employees Retirement System now owns 310,753 shares of the industrial products company’s stock worth $5,858,000 after buying an additional 3,853 shares during the period. Finally, Swiss National Bank boosted its position in shares of General Cable by 7.3% in the fourth quarter. Swiss National Bank now owns 87,200 shares of the industrial products company’s stock worth $2,581,000 after buying an additional 5,900 shares during the period. 98.38% of the stock is owned by institutional investors.
Shares of General Cable stock traded up $0.05 during midday trading on Thursday, hitting $29.75. The stock had a trading volume of 278,368 shares, compared to its average volume of 1,168,665. The company has a debt-to-equity ratio of 7.88, a current ratio of 2.01 and a quick ratio of 1.08. General Cable Co. has a 52 week low of $14.95 and a 52 week high of $30.17. The stock has a market capitalization of $1,506.17, a P/E ratio of -25.83 and a beta of 2.63.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 30th. Shareholders of record on Friday, March 9th will be paid a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a yield of 2.42%. The ex-dividend date is Thursday, March 8th. General Cable’s payout ratio is currently -62.61%.
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About General Cable
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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