MetLife Investment Advisors LLC Invests $637,000 in General Cable (NYSE:BGC)

MetLife Investment Advisors LLC acquired a new position in shares of General Cable (NYSE:BGC) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 21,537 shares of the industrial products company’s stock, valued at approximately $637,000.

A number of other hedge funds have also modified their holdings of BGC. BlackRock Inc. boosted its position in shares of General Cable by 2.4% during the fourth quarter. BlackRock Inc. now owns 6,265,298 shares of the industrial products company’s stock valued at $185,454,000 after buying an additional 147,797 shares during the last quarter. Towle & Co. boosted its position in General Cable by 1.1% in the fourth quarter. Towle & Co. now owns 1,375,844 shares of the industrial products company’s stock worth $40,725,000 after purchasing an additional 15,040 shares during the last quarter. Gardner Lewis Asset Management L P purchased a new position in General Cable in the fourth quarter worth $31,038,000. Renaissance Technologies LLC boosted its position in General Cable by 184.4% in the fourth quarter. Renaissance Technologies LLC now owns 1,028,600 shares of the industrial products company’s stock worth $30,447,000 after purchasing an additional 666,900 shares during the last quarter. Finally, Gabelli Funds LLC purchased a new position in General Cable in the fourth quarter worth $19,520,000.

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Shares of BGC opened at $29.70 on Wednesday. General Cable has a 1 year low of $14.95 and a 1 year high of $30.17. The company has a debt-to-equity ratio of 7.88, a quick ratio of 1.08 and a current ratio of 2.01. The firm has a market capitalization of $1,498.57, a price-to-earnings ratio of 44.85 and a beta of 2.55.

General Cable (NYSE:BGC) last posted its quarterly earnings data on Monday, February 26th. The industrial products company reported $0.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.19). The firm had revenue of $981.90 million during the quarter, compared to analysts’ expectations of $993.30 million. General Cable had a positive return on equity of 45.96% and a negative net margin of 1.48%. General Cable’s revenue for the quarter was up 7.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.05 earnings per share.

The firm also recently declared a quarterly dividend, which was paid on Friday, March 30th. Shareholders of record on Friday, March 9th were given a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a yield of 2.42%. The ex-dividend date was Thursday, March 8th.

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General Cable Company Profile

General Cable Corporation develops, designs, manufactures, markets, and distributes copper, aluminum, and fiber optic wire and cable products for the energy, industrial, construction, specialty, and communications markets. It offers electric utility products, including low- and medium-voltage distribution cables; high- and extra-high voltage power transmission cables; bare overhead conductors; and submarine transmission and distribution cables.

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

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