Short Interest: What’s Belden Incorporated (NYSE:BDC) Upside After This Short Interest Decrease?

November 25, 2016 - By Louis Casey   ·   0 Comments

Short Interest: What's Belden Incorporated (NYSE:BDC) Upside After This Short Interest Decrease?

The stock of Belden Incorporated (NYSE:BDC) registered a decrease of 17.76% in short interest. BDC’s total short interest was 2.76M shares in November as published by FINRA. Its down 17.76% from 3.35 million shares, reported previously. With 366,700 shares average volume, it will take short sellers 8 days to cover their BDC’s short positions. The short interest to Belden Incorporated’s float is 7.29%. About 61,843 shares traded hands. Belden Inc. (NYSE:BDC) has risen 15.77% since April 22, 2016 and is uptrending. It has outperformed by 10.36% the S&P500.

Belden Inc. is a signal transmission solutions provider. The company has a market cap of $3.20 billion. The Company’s portfolio of signal transmission solutions provides transmission of data, sound and video for mission critical applications. It has a 23.12 P/E ratio. The Company’s divisions include Broadcast Solutions, Enterprise Connectivity Solutions, Industrial Connectivity Solutions, Industrial IT Solutions and Network Security Solutions.

Insitutional Activity: The institutional sentiment increased to 1.41 in Q2 2016. Its up 0.11, from 1.3 in 2016Q1. The ratio improved, as 16 funds sold all Belden Inc. shares owned while 61 reduced positions. 21 funds bought stakes while 79 increased positions. They now own 41.12 million shares or 2.83% less from 42.32 million shares in 2016Q1.
Quantbot Tech Ltd Partnership holds 916 shares or 0.01% of its portfolio. Tfs Capital Ltd Liability has invested 0.08% of its portfolio in Belden Inc. (NYSE:BDC). Blackrock Institutional Co Na has 1.27 million shares for 0.01% of their US portfolio. Citigroup, a New York-based fund reported 3,149 shares. Guggenheim Ltd Liability last reported 0% of its portfolio in the stock. New England & Management Inc owns 6,125 shares or 0.32% of their US portfolio. Legal And General Group Public Limited last reported 12,961 shares in the company. Aqr Cap Ltd Liability Co reported 75,003 shares or 0.01% of all its holdings. Susquehanna Intll Group Llp last reported 0% of its portfolio in the stock. Ameritas Investment Prns Incorporated, a Nebraska-based fund reported 9,943 shares. Shelton Cap Mngmt last reported 0.02% of its portfolio in the stock. Weaver C Barksdale Associates Inc holds 0.02% of its portfolio in Belden Inc. (NYSE:BDC) for 165 shares. Swiss State Bank holds 0.01% or 69,300 shares in its portfolio. Wells Fargo Communications Mn accumulated 0.01% or 233,956 shares. Tiaa Cref Inv Management Limited Liability Corporation, a New York-based fund reported 139,873 shares.

Insider Transactions: Since July 14, 2016, the stock had 0 insider buys, and 4 insider sales for $2.36 million net activity. 2,274 Belden Inc. (NYSE:BDC) shares with value of $168,276 were sold by Rosenberg Ross. Shares for $612,000 were sold by Brown Judy L. $1.53 million worth of Belden Inc. (NYSE:BDC) shares were sold by Stroup John S.

Belden Inc. (NYSE:BDC) Ratings Coverage

Out of 4 analysts covering Belden Inc. (NYSE:BDC), 2 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 50% are positive. Belden Inc. has been the topic of 7 analyst reports since July 24, 2015 according to StockzIntelligence Inc. As per Friday, July 31, the company rating was upgraded by TheStreet. As per Tuesday, December 8, the company rating was maintained by Canaccord Genuity. Suntrust Robinson downgraded the shares of BDC in a report on Wednesday, September 7 to “Neutral” rating. The firm earned “Hold” rating on Saturday, September 5 by TheStreet. The firm earned “Buy” rating on Monday, April 4 by Stifel Nicolaus.

BDC Company Profile

Belden Inc. (Belden), incorporated on May 18, 1988, is a signal transmission solutions provider. The Company’s portfolio of signal transmission solutions provides transmission of data, sound, and video for mission critical applications. The Company’s divisions include Broadcast Solutions (Broadcast), Enterprise Connectivity Solutions (Enterprise), Industrial Connectivity Solutions (Industrial Connectivity), Industrial IT Solutions and Network Security Solutions (Network Security). The Firm sells its products to distributors, end users, installers, and directly to original equipment manufacturers (OEMs). The Firm operates in the United States, Canada, China and Germany. The Company’s brands include Belden, Alpha Wire, Mohawk, West Penn Wire, Hirschmann, Lumberg Automation, SignalTight, GarrettCom, Poliron, Tofino, PPC, Grass Valley, ProSoft Technology and Tripwire.

More news for Belden Inc. (NYSE:BDC) were recently published by: Businesswire.com, which released: “Belden Submits Proposal to Digi International Inc. Regarding Potential Acquisition” on November 11, 2016. Seekingalpha.com‘s article titled: “Belden Inc. (BDC) CEO John Stroup on Q2 2016 Results – Earnings Call Transcript” and published on July 19, 2016 is yet another important article.

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By Louis Casey


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