Victory Capital Management Inc. Reduces Stake in Belden Inc. (BDC)

Victory Capital Management Inc. lessened its position in Belden Inc. (NYSE:BDC) by 86.1% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 136,870 shares of the industrial products company’s stock after selling 848,430 shares during the period. Victory Capital Management Inc.’s holdings in Belden were worth $7,350,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. JPMorgan Chase & Co. grew its holdings in Belden by 6.3% in the third quarter. JPMorgan Chase & Co. now owns 56,610 shares of the industrial products company’s stock valued at $4,042,000 after purchasing an additional 3,377 shares during the last quarter. Strs Ohio boosted its stake in shares of Belden by 6.6% during the fourth quarter. Strs Ohio now owns 77,000 shares of the industrial products company’s stock valued at $3,216,000 after acquiring an additional 4,800 shares during the last quarter. Quantamental Technologies LLC acquired a new stake in shares of Belden during the fourth quarter valued at $200,000. Xact Kapitalforvaltning AB boosted its stake in shares of Belden by 66.4% during the fourth quarter. Xact Kapitalforvaltning AB now owns 10,530 shares of the industrial products company’s stock valued at $440,000 after acquiring an additional 4,200 shares during the last quarter. Finally, Wedge Capital Management L L P NC boosted its stake in shares of Belden by 4.1% during the fourth quarter. Wedge Capital Management L L P NC now owns 335,663 shares of the industrial products company’s stock valued at $14,021,000 after acquiring an additional 13,289 shares during the last quarter.

A number of analysts recently commented on BDC shares. ValuEngine lowered Belden from a “sell” rating to a “strong sell” rating in a research note on Thursday, April 25th. Seaport Global Securities reaffirmed a “buy” rating on shares of Belden in a research note on Friday, February 15th. Zacks Investment Research raised Belden from a “sell” rating to a “hold” rating in a research note on Tuesday, March 5th. TheStreet raised Belden from a “c+” rating to a “b-” rating in a research note on Thursday, February 28th. Finally, SunTrust Banks increased their price objective on Belden to $70.00 and gave the company a “hold” rating in a research note on Thursday, February 21st. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $69.18.



NYSE BDC traded down $1.27 during trading hours on Thursday, hitting $54.23. 1,628 shares of the company’s stock were exchanged, compared to its average volume of 490,722. Belden Inc. has a 12-month low of $37.79 and a 12-month high of $76.39. The company has a market capitalization of $2.24 billion, a PE ratio of 8.91 and a beta of 2.56. The company has a current ratio of 1.97, a quick ratio of 1.40 and a debt-to-equity ratio of 1.01.

Belden (NYSE:BDC) last released its earnings results on Wednesday, May 1st. The industrial products company reported $0.99 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.89 by $0.10. Belden had a return on equity of 20.17% and a net margin of 7.15%. The firm had revenue of $587.18 million for the quarter, compared to the consensus estimate of $577.17 million. During the same period in the prior year, the business posted $1.16 earnings per share. The firm’s revenue for the quarter was down 3.0% compared to the same quarter last year. Equities analysts predict that Belden Inc. will post 5.86 EPS for the current year.

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Belden Profile

Belden Inc operates as a signal transmission solutions company in the United States and internationally. The company operates in two segments, Enterprise Solutions and Industrial Solutions segments. The Enterprise Solutions segment offers copper cable and connectivity solutions, fiber cable and connectivity solutions, and racks and enclosures for use in applications, such as local area networks, data centers, access control, and building automation, as well as live production and performance, video display and digital signage, and corporate communications.

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Institutional Ownership by Quarter for Belden (NYSE:BDC)

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