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This is a buy-and-hold trade. BGC Partners class A common stock (BGCP) currently trades at about $5.62, with a current yield on the $.56 dividend of about 10.1%. The stock took a 24.5% clipping in the first three weeks of December 2018, and is off its December 2017 $10.70 high by 47.7%.
The big dip coincides with the completion of BGCP’s spin-off of Newmark Group, Inc. (NMRK), a commercial real estate services firm. NMRK was roughly 40.0% of BGCP’s value. With each BGCP shareholder getting .4613 shares of NMRK, on spin