Could Belden Inc (NYSE:BDC) See a Reversal After More Sellers Came In?

May 17, 2018 - By Michael Collier

Belden Inc. (NYSE:BDC) Logo

Investors sentiment decreased to 1.14 in Q4 2017. Its down 0.04, from 1.18 in 2017Q3. It dropped, as 16 investors sold Belden Inc. shares while 78 reduced holdings. 39 funds opened positions while 68 raised stakes. 43.09 million shares or 0.93% less from 43.50 million shares in 2017Q3 were reported.
Gemmer Asset Mgmt Limited Co reported 202 shares. Opus Group Limited Company invested 0.57% of its portfolio in Belden Inc. (NYSE:BDC). Advsrs Asset Mngmt Inc reported 1,944 shares or 0% of all its holdings. Swiss National Bank has invested 0.01% in Belden Inc. (NYSE:BDC). Ohio-based Pub Employees Retirement Of Ohio has invested 0.01% in Belden Inc. (NYSE:BDC). Alliancebernstein Ltd Partnership holds 0% or 66,924 shares. Sei Investments Company accumulated 73,861 shares. 161,529 were accumulated by Foundry Ptnrs Ltd Llc. Chicago Equity Prtnrs Ltd Liability Com reported 0.07% in Belden Inc. (NYSE:BDC). Rhumbline Advisers holds 89,170 shares. Ironwood Inv Limited Liability Corporation stated it has 28,486 shares. First Tru Lp stated it has 22,446 shares. Rothschild Asset holds 0.09% or 110,604 shares. Stifel Financial Corporation reported 4,189 shares stake. Riverhead Capital Mngmt Ltd Com reported 4,319 shares.

Since February 27, 2018, it had 1 buying transaction, and 2 sales for $9,146 activity. CRESSEY BRYAN C bought 2,000 shares worth $108,612.

The stock of Belden Inc (NYSE:BDC) registered an increase of 6.2% in short interest. BDC’s total short interest was 4.63 million shares in May as published by FINRA. Its up 6.2% from 4.36M shares, reported previously. With 429,600 shares average volume, it will take short sellers 11 days to cover their BDC’s short positions. The short interest to Belden Inc’s float is 11.14%.

The stock increased 0.21% or $0.12 during the last trading session, reaching $57.01. About 243,750 shares traded. Belden Inc. (NYSE:BDC) has risen 2.17% since May 17, 2017 and is uptrending. It has underperformed by 9.38% the S&P500.

Belden Inc. designs, manufactures, and markets signal transmission solutions worldwide. The company has market cap of $2.32 billion. The Company’s Broadcast Solutions segment offers camera solutions, production switchers, server and storage systems for instant replay applications, interfaces and routers, monitoring systems, network and playout systems, plant connectivity products, and cable and connectivity products for television broadcast, cable, satellite, and IPTV industries. It has a 68.85 P/E ratio. The companyÂ’s Enterprise Connectivity Solutions segment provides copper cable and connectivity solutions, fiber cable and connectivity solutions, and racks and enclosures; and power, cooling, and airflow management products for mission-critical data center operations.

Belden Inc. (NYSE:BDC) Ratings Coverage

Among 3 analysts covering Belden Inc. (NYSE:BDC), 2 have Buy rating, 0 Sell and 1 Hold. Therefore 67% are positive. Belden Inc. had 5 analyst reports since December 1, 2017 according to SRatingsIntel. The rating was maintained by Stifel Nicolaus with “Buy” on Wednesday, December 6. The company was maintained on Thursday, March 29 by Stifel Nicolaus. The stock of Belden Inc. (NYSE:BDC) earned “Hold” rating by Cross Research on Friday, December 1. The firm has “Buy” rating by SunTrust given on Monday, March 26. SunTrust maintained Belden Inc. (NYSE:BDC) on Thursday, February 1 with “Hold” rating.

Another recent and important Belden Inc. (NYSE:BDC) news was published by Seekingalpha.com which published an article titled: “Belden: The Shift In Its Market Segments” on April 25, 2018.

Belden Inc. (NYSE:BDC) Institutional Positions Chart

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.