BGC Partners Inc. (NASDAQ:BGCP) is one of those rare dividend stocks with a yield of more than 6 percent. BGC Partners is a global brokerage company that provides a wide range of products and services. It is considered to be one of the best companies currently specializing in derivatives and over-the-counter financial tools. The company currently has a dividend yield of 6.28 percent.
BGC Partners (NASDAQ:BGCP) incorporated in Delaware in June of 1999. The company has a market cap of $1.94 billion and has 211,354,000 outstanding shares. Over the past 75 days, the company’s share price has decreased 0.55 percent. The 52-week high of the company’s stock is $10.26 and the 52-week low is $6.87.
BGC Partners (NASDAQ:BGCP) last issued its quarterly earnings data in April, reporting earnings per share of $0.18 for the quarter. The company reported revenue of roughly $532 million for the last quarter, up $52 million from the previously reported quarter. Analysts are currently predicting earnings-per-share of $0.75 and a Price/Earnings ratio of 12.12 for 2015.
The company has been on an acquisition spree for the past few years. The company acquired the business of Sterling International Brokers Limited in February 2013. It then acquired Mexican Inter-Dealer Broker Remate Lince, S.A.P.I. de C.V. in May 2014. The company has also recently completed a deal to purchase Computerized Facility Integration LLC, a management and property consultancy firm. The company is currently in talks to acquire retail property firm Excess Space Retail Services Inc. for an undisclosed amount. Excess Space focuses on retailer valuation and asset leasing services and operated across the United States.
BGC Partners (NASDAQ:BGCP) is in the Top 10 stock holdings of four registered investment managers, according to the SEC’s 13F filings. Institutional investors currently hold 33.44 percent of the company’s shares. In the previous quarter, 174 hedge funds and institutional investors owned shares of BGC Partners Inc. A total of 18 funds closed their positions in the stock and 47 reduced their holdings. There were 36 funds that created new positions and 58 funds that added to their positions.