Penn Capital Unwinds $17.1 Million BGC Stake as Broker Posts 31% Revenue Surge
BGCBGC(US:BGC) Yahoo Finance·2025-11-27 23:15

Key Points Philadelphia-based Penn Capital Management sold 1.6 million shares of BGC Group during the quarter ended September 30, leading to a net position change estimated at 17.1million.Thethird−quartertransactionrepresenteda1.217.1 million. The third-quarter transaction represented a 1.2% shift in the fund’s reportable U.S. equity assets. Following the sale, Penn reported holding 622,783 shares of BGC valued at 5.9 million. These 10 stocks could mint the next wave of millionaires › On Monday, Philadelphia-based Penn Capital Management Company d ...