Markets

Top Buys by Directors: Moran's $110.9K Bet on BGCP

A generic image of a pencil on a chart
Credit: Shutterstock photo

The directors of a company tend to have a unique inside view into the business, so when directors make major buys, investors are wise to take notice. Presumably the only reason a director of a company would choose to take their hard-earned cash and use it to buy stock in the open market, is that they expect to make money - maybe they find the stock very undervalued, or maybe they see exciting progress within the company, or maybe both. So in this series we look at the largest insider buys by company directors over the trailing six month period, one of which was a total of $110.9K by William J. Moran, Director at BGC Partners Inc - Class A (Symbol: BGCP).

Purchased Insider Title Shares Price/Share Value
08/02/2018 William J. Moran Director 10,000 $11.09 $110,900.00

Moran's average cost works out to $11.09/share. In trading on Friday, bargain hunters could buy shares of BGC Partners Inc - Class A (Symbol: BGCP) and achieve a cost basis lower than Moran, with shares changing hands as low as $10.97 per share. Shares of BGC Partners Inc - Class A were changing hands at $11.15 at last check, trading up about 0.6% on Friday. The chart below shows the one year performance of BGCP shares, versus its 200 day moving average:

BGC Partners Inc - Class A Chart

Looking at the chart above, BGCP's low point in its 52 week range is $10.39 per share, with $16.97 as the 52 week high point - that compares with a last trade of $11.15.

The current annualized dividend paid by BGC Partners Inc - Class A is $0.72/share, currently paid in quarterly installments, and its most recent dividend ex-date was on 05/18/2018. Below is a long-term dividend history chart for BGCP, which can be of good help in judging whether the most recent dividend with approx. 6.5% annualized yield is likely to continue.

BGCP+Dividend+History+Chart

Click here to find out which other top insider buys by company directors you need to know about »

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

In This Story

BGCP

Other Topics

Options

Latest Markets Videos

    BNK Invest

    BNK Invest Inc. provides investment services and information. BNK Invest owns and operates a market news family of websites including DividendChannel, ETFChannel, StockOptionsChannel, and others, which make up an investor community featuring stock message boards, ratings, research, and strategies. BNK Invest caters to investing firms and individual investors internationally.

    Learn More