Cadian Capital Management Edges Up Stake in General Cable Corporation (BGC)

In a filing, Eric Bannasch’s Cadian Capital Management, revealed that it has slightly raised its exposure to General Cable Corporation (NYSE:BGC) to 4,841,152 shares from 4,839,452 shares, as revealed by the fund in its latest 13F filing. The current holding represents a 9.76% stake of the company’s common stock.

General Cable Corporation (NYSE:BGC)

General Cable Corporation (NYSE:BGC) develops, designs, manufactures, markets and distributes aluminium, copper and fiber optic wire and cable products for the industrial, energy and communications markets.

Last month, General Cable Corporation (NYSE:BGC) declared a quarterly dividend of $0.18 per share. The company has extended the $125 million share repurchase program through the end of 2014, which was set to expire at the end of 2013. Of $125 million worth of securities, $106 million still remain outstanding after the repurchase of $19.0 million worth of shares in the second quarter of 2013.

Basswood Capital, managed by Matthew Lindenbaum, is also bullish on General Cable Corporation (NYSE:BGC) where it holds 563,547 shares, with a reported value of $17.89 million. Another hedge fund interested in the stock is, Aqr Capital Management, led by Cliff Asness which has 335,576 shares in its equity portfolio.

Gregory Kenny, director at General Cable Corporation (NYSE:BGC), has been accumulating the shares of the company in small numbers, and now holds 420,525 shares. Robert Siverd, executive VP and General Counsel at General Cable is also buying in small amounts, and now amasses 30,120 shares.

Cadian Capital Management mainly focuses in technology, media, and telecommunications sectors.

The fund has shown keen interest in LogMeIn Inc (NASDAQ:LOGM), where it now holds 2.56 million shares. Early this month, the fund has raised its exposure to COMSCORE, Inc. (NASDAQ:SCOR) to 3.57 million shares, from 3.28 million shares held earlier. The fund also boosted its stake in Green Plains Renewable Energy Inc. (NASDAQ:GPRE), a couple of months back, to 3.8 million shares from 1.5 million shares held earlier.

Disclosure: none

Recommended Reading:

General Electric Company (GE) Continues to Witness Strong Insider Activity

DLS Capital Management Decreases Position in ChipMOS Technologies (Bermuda) Ltd (IMOS)

Hedge Fund News: Warren Buffett, Paul Singer & Carl Icahn

blog comments powered by Disqus
Insider Monkey Headlines
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 52 percentage points in 24 months Click to see monthly returns in table format!

Lists

50 Crazy Facts About Japan You Won’t Believe

Top 10 Least Expensive Hybrid Cars to Save the Planet With

The 10 Biggest ‘Gate’ Controversies in History

The 10 States with the Highest Nursing Shortages Leaving Their Hospitals Depleted

The 10 Best Value Investment Blogs that Every Investor Must Read

The 6 Cheapest Boarding Schools in Europe 2015

The 5 Most Expensive Cars To Insure in the World

The 10 Most Common Genetically Modified Foods

10 Self-Made Billionaires Who Came From Nothing

The 10 Most Expensive Cities to Live in North America

The 13 Most Expensive Headphones in the World to Represent

The Top 20 Wealthiest Soccer Teams in 2014

4 BuzzWorthy Cannabis Stocks And Some Smoking Derivative Plays

The 10 Healthiest Fast Food Chains in America to Dine At

The 5 Most Expensive Cat Food Brands You Can Spoil Your Kitty With

The 6 Best eCommerce Platforms for Small Businesses

The 10 Worst Mistakes an Entrepreneur Can Make

The 5 Most OP Characters in League of Legends to Carry Games and Crush Foes With

The 5 Best Foods to Eat Before Running that Will Help You Pound the Pavement

10 Glaring Plot Holes in The Walking Dead that a Zombie-Filled Bus Could Drive Through

The 5 Biggest Celebrity Stoners Who Love Their Reefer

The 10 Most Overrated Movies Of All Time by Out-of-Touch Critics

Top 6 Least Expensive Cruise Destinations For 2015 that Will Take You to Paradise

10 States with Lowest Substance Abuse Rates in America

The 14 Most Watched TV Finales Ever

The 10 Best Selling Role Playing Games of All Time for PC

10 Most Influential Papers In Economics

Top 8 Biggest Charities in the US

10 Worst Celebrity Career Moves Ever

Top 10 Best Paid Tennis Stars in the World

10 Cities with High Demand for Nurses

6 of the Worst Greeting Card Messages Ever Crafted

How to Make Money in ArcheAge and Build Your Empire

10 Foods To Eat To Lower Cholesterol Levels

The 10 Most Hated Television Characters of All Time

The 30 Worst Halloween Costume Ideas Ever Brought to Horrible Life

10 Vocational Skills in Demand Today with Jobs Waiting to be Filled

10 Best Places to Visit in Central and South America

The 10 Greatest Empires in History Which Nearly Conquered the World

The 6 Cheapest Boarding Schools In America 2015

5 Clear Reasons LoL is Better than DotA, Continues to Rule MOBAs

The Only 9 Teams with a Chance to Win the Super Bowl

The 15 Most Common Phobias in America that Induce Fits of Panic

Top 6 Least Expensive Tourist Destinations in 2014

Jim Goetz, Peter Fenton, Jim Breyer: Top 6 Venture Investors for 2014

Top 15 Billionaires in 2014

5 Pitfalls To Avoid When Buying a Franchise

Top 20 Medical Schools in the US – 2014 Rankings

4 Business Strategies that Turned Jamie Oliver into the World’s Richest Chef

6 Qualities That Make You A Good Team Player

Subscribe

Enter your email:

Delivered by FeedBurner

X

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 47.6% in its first year! Wondering How?

Download a complete edition of our newsletter for free!