What’s in Belden Inc (NYSE:BDC) After Rise in Shorted Shares?

May 17, 2018 - By Robert Sims

Belden Inc. (NYSE:BDC) Logo

Investors sentiment decreased to 1.14 in 2017 Q4. Its down 0.04, from 1.18 in 2017Q3. It is negative, 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.
Lazard Asset Ltd Liability Co reported 0.06% in Belden Inc. (NYSE:BDC). Howe And Rusling invested 0% of its portfolio in Belden Inc. (NYSE:BDC). Swiss National Bank reported 72,000 shares. Prudential Public Limited invested in 484,100 shares. Proshare Ltd Com owns 10,193 shares or 0.01% of their US portfolio. Pacad Invest Limited has 1,600 shares for 0.03% of their portfolio. Rmb Cap Ltd Liability Com reported 10,221 shares. Oregon Employees Retirement Fund has 15,584 shares for 0.02% of their portfolio. Texas Permanent School Fund holds 0.03% or 28,508 shares in its portfolio. Strs Ohio invested in 0.02% or 54,900 shares. Northern has invested 0.01% in Belden Inc. (NYSE:BDC). Parallax Volatility Advisers L P reported 6,426 shares stake. Stratos Wealth Ptnrs reported 25 shares or 0% of all its holdings. Zacks Investment Management invested 0.04% in Belden Inc. (NYSE:BDC). Nuveen Asset Lc stated it has 0.01% in Belden Inc. (NYSE:BDC).

Since February 27, 2018, it had 1 insider buy, and 2 selling transactions for $9,146 activity. CRESSEY BRYAN C had 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 4.63M 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 firm has “Hold” rating given on Friday, December 1 by Cross Research. The firm has “Buy” rating given on Wednesday, December 6 by Stifel Nicolaus. The firm has “Buy” rating given on Thursday, March 29 by Stifel Nicolaus. On Thursday, February 1 the stock rating was maintained by SunTrust with “Hold”. SunTrust upgraded the stock to “Buy” rating in Monday, March 26 report.

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

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