Two Stocks To Tuck Away: BGC Partners Inc. (NASDAQ:BGCP), Cadence Bancorporation (NYSE:CADE)

The shares of BGC Partners Inc. (NASDAQ:BGCP) has been pegged with a rating of Strong Buy by Raymond James in its latest research note that was published on July 29, 2015. The Financial company has also assigned a $14 price target. Raymond James wasn’t the only research firm that published a report of BGC Partners Inc., with other equities research analysts also giving their opinion on the stock. The stock had earned Mkt Perform rating from Keefe Bruyette Markets when it published its report on February 01, 2010. That day the Keefe Bruyette set price target on the stock to $5. The stock was given Buy rating by Deutsche Securities in its report released on June 16, 2008, the day when the price target on the stock was placed at 13.

The price of the stock the last time has raised by 20.18% from its 52-Week high price while it is -16.32% than its 52-Week low price. A look at the stock’s other technical shows that its 14-day RSI now stands at 31.61.

The shares of the company dipped by -2.19% during the trading session on Friday, reaching a low of $5.255 while ending the day at $5.36. During the trading session, a total of 3.2 million shares were traded which represents a -71.82% decline from the average session volume which is 1.86 million shares. BGCP had ended its last session trading at $5.48. BGC Partners Inc. currently has a market cap of $2.82 billion, while its P/E ratio stands at 72.43, while its P/E earnings growth sits at 5.79, with a beta of 1.54. BGCP 52-week low price stands at $4.46 while its 52-week high price is $6.41.

The company in its last quarterly report recorded $0.12 earnings per share which is above the predicted by most analysts. In the second quarter last year, the firm recorded $0.15 earnings per share. Compared to the same quarter last year, the firm’s revenue was down by -50.0%. BGC Partners Inc. has the potential to record 0.63 EPS for the current fiscal year, according to equities analysts.

Investment analysts at Piper Jaffray published a research note on October 24, 2019 where it informed investors and clients that Cadence Bancorporation (NYSE:CADE) is now rated as Neutral. Their price target on the stock stands at $16.50. JP Morgan also rated CADE as Downgrade on October 24, 2019, with its price target of $16.50 suggesting that CADE could surge by 11.5% from its current share price. Even though the stock has been trading at $16.26/share, analysts expect it to surge by 0.37% to reach $18.44/share. It started the day trading at $16.455 and traded between $16.095 and $16.32 throughout the trading session.

A look at its technical shows that CADE’s 50-day SMA is 17.06 while its 200-day SMA stands at 17.80. The stock has a high of $23.22 for the year while the low is $14.66. The stock, however, witnessed a rise in its short on 01/15/20. Compared to previous close which recorded 5.9 M shorted shares, the short percentage went lower by -6.65%, as 5.51M BGCP shares were shorted. At the moment, only 4.47% of Cadence Bancorporation shares were sold short. The company’s P/E ratio currently sits at 10.52, while the P/B ratio is 0.85. The company’s average trading volume currently stands at 1.43M shares, which means that the short-interest ratio is just 3.84 days. Over the past seven days, the company moved, with its shift of 4.41%. Looking further, the stock has dropped 0.00% over the past 90 days while it gained 3.36% over the last six months.

The change in the stock’s fortunes has led to several institutional investors altering their holdings of the stock. The BlackRock Fund Advisors bought more CADE shares, increasing its portfolio by 100.87% during the last quarter. This move now sees The BlackRock Fund Advisors purchasing 8,593,082 shares in the last quarter, thus it now holds 17,112,267 shares of CADE, with a total valuation of $310,245,401. The Vanguard Group, Inc. meanwhile bought more CADE shares in the recently filed quarter, changing its stake to $233,509,940 worth of shares.

Similarly, Shapiro Capital Management LLC increased its Cadence Bancorporation shares by 31.74% during the recently filed quarter. After buying 7,169,052 shares in the last quarter, the firm now controls 1,727,221 shares of Cadence Bancorporation which are valued at $129,974,913. In the same vein, SSgA Funds Management, Inc. increased its Cadence Bancorporation shares by during the most recent reported quarter. The firm bought 1,596,734 shares during the quarter which increased its stakes to 6,878,891 shares and is now valued at $124,714,294. Following these latest developments, around 1.40% of Cadence Bancorporation stocks are owned by institutional investors and hedge funds.