Do These Stocks Have Positive Outlook? BGC Partners, Inc.(BGCP), MGIC Investment Corp.(MTG) and Hersha Hospitality Trust(HT)
New York, NY – GDP INSIDER – 02/12/2015.
This article discusses three companies: BGC Partners, Inc.(NASDAQ:BGCP), MGIC Investment Corp.(NYSE:MTG) and Hersha Hospitality Trust(NYSE:HT)
BGC Partners, Inc.(NASDAQ:BGCP) saw its value decline by 1.26% yesterday as the stock fell eleven cents to move to a new closing price of $8.62, following the announcement of the retirement of the company’s Chief Financial Officer, Graham Sadler. Mr. Sadler will perform his usual duties at the global brokerage company until a successor is found. On February 11, BGC Partners, Inc reported its 4Q14 earnings. The figures included a 19.1% increase in revenue from the same quarter prior year and beat the analysts’ estimate of $509.46 million in revenue by $6.04 million to $515.50 million for the quarter.
MGIC Investment Corp.(NYSE:MTG) suffered a 1.20% decrease in value as the stock fell $0.11 to finish the day at a new closing price of $9.07. The $3.07 billion market cap company, which has a bid price of 8.88×100 and an offer price of 9.25×200, has price to earnings ratio of 14.89 and a beta of 3.38, meaning the stock is 228% more volatile than the market. The US-based private mortgage insurer had a trading volume of 2.88 million yesterday, a figure which is significantly lower than its 30-day average trading volume of 5.88 million. MGIC Investment Corp currently stands at a weekly performance of 1.23% and a monthly performance of 4.73%.
Hersha Hospitality Trust(NYSE:HT), which fluctuated between $6.43 and $6.60 during intraday trading after opening the day at $6.55, saw a minuscule loss of five cents yesterday, a 0.76% decline in value that moved the stock to a new closing price of $6.51. The $1.42 billion market cap company, which has traded within a range of $5.22 and $7.49 over the past 52 weeks, has an insider ownership of 2.30%, insider transactions of -18.64%, institutional ownership of 99.70% and 3-month change in institutional ownership of -0.65%. Hersha Hospitality Trust has a price target estimate of $7.75 and analysts’ mean recommendation of 2.30. (1= BUY, 5=SELL)
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