General Cable Corporation (BGC) Stake Increased by State of Tennessee Treasury Department

State of Tennessee Treasury Department boosted its stake in General Cable Corporation (NYSE:BGC) by 17.8% during the first quarter, Holdings Channel reports. The fund owned 45,834 shares of the industrial products company’s stock after buying an additional 6,917 shares during the period. State of Tennessee Treasury Department owned approximately 0.09% of General Cable Corporation worth $823,000 as of its most recent filing with the SEC.

A number of other large investors have also recently made changes to their positions in BGC. Parametric Portfolio Associates LLC boosted its stake in shares of General Cable Corporation by 2.0% in the first quarter. Parametric Portfolio Associates LLC now owns 181,313 shares of the industrial products company’s stock valued at $3,255,000 after buying an additional 3,472 shares during the last quarter. TFS Capital LLC boosted its stake in shares of General Cable Corporation by 3.7% in the first quarter. TFS Capital LLC now owns 65,156 shares of the industrial products company’s stock valued at $1,170,000 after buying an additional 2,347 shares during the last quarter. Pzena Investment Management LLC boosted its stake in shares of General Cable Corporation by 2.0% in the first quarter. Pzena Investment Management LLC now owns 1,726,761 shares of the industrial products company’s stock valued at $30,995,000 after buying an additional 34,611 shares during the last quarter. Karp Capital Management Corp purchased a new stake in shares of General Cable Corporation during the first quarter valued at approximately $533,000. Finally, Swiss National Bank boosted its stake in shares of General Cable Corporation by 2.8% in the first quarter. Swiss National Bank now owns 81,300 shares of the industrial products company’s stock valued at $1,459,000 after buying an additional 2,200 shares during the last quarter. 99.62% of the stock is currently owned by hedge funds and other institutional investors.

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

Shares of General Cable Corporation (NYSE:BGC) opened at 16.40 on Friday. The company’s market cap is $813.95 million. The company’s 50-day moving average price is $16.89 and its 200 day moving average price is $17.89. General Cable Corporation has a one year low of $11.65 and a one year high of $20.80.

General Cable Corporation (NYSE:BGC) last released its quarterly earnings results on Wednesday, May 3rd. The industrial products company reported $0.27 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.16 by $0.11. General Cable Corporation had a negative net margin of 2.05% and a positive return on equity of 15.49%. The business had revenue of $918.20 million for the quarter, compared to analysts’ expectations of $895.58 million. During the same period in the prior year, the firm earned $0.19 earnings per share. General Cable Corporation’s revenue was down 8.4% compared to the same quarter last year. Equities analysts forecast that General Cable Corporation will post $1.08 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, June 30th. Stockholders of record on Friday, June 9th will be paid a dividend of $0.18 per share. The ex-dividend date of this dividend is Wednesday, June 7th. This represents a $0.72 annualized dividend and a dividend yield of 4.39%. General Cable Corporation’s dividend payout ratio (DPR) is currently -45.57%.

WARNING: This article was originally published by WKRB News and is owned by of WKRB News. If you are reading this article on another publication, it was copied illegally and reposted in violation of United States & international copyright and trademark legislation. The legal version of this article can be viewed at https://www.wkrb13.com/markets/2229815/general-cable-corporation-bgc-stake-increased-by-state-of-tennessee-treasury-department.html.

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.

Want to see what other hedge funds are holding BGC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for General Cable Corporation (NYSE:BGC).

This story was originally published by WKRB News (https://www.wkrb13.com) and is the sole property of WKRB News. If you are reading this article on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. You can view the original version of this story at https://www.wkrb13.com/markets/2229815/general-cable-corporation-bgc-stake-increased-by-state-of-tennessee-treasury-department.html

Receive News & Ratings for General Cable Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for General Cable Corporation and related companies with MarketBeat.com's FREE daily email newsletter.

 


Leave a Reply

 
© 2006-2017 WKRB News.