Belden (BDC) : Kalmar Investments Inc De scooped up 74,550 additional shares in Belden during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 27, 2016. The investment management firm now holds a total of 867,199 shares of Belden which is valued at $55.6 Million.Belden makes up approximately 2.23% of Kalmar Investments Inc De’s portfolio.
Other Hedge Funds, Including , Cramer Rosenthal Mcglynn reduced its stake in BDC by selling 135,175 shares or 15.6% in the most recent quarter. The Hedge Fund company now holds 731,188 shares of BDC which is valued at $44.9 Million. Belden makes up approx 0.70% of Cramer Rosenthal Mcglynn’s portfolio.Allianz Asset Management Ag boosted its stake in BDC in the latest quarter, The investment management firm added 11,599 additional shares and now holds a total of 40,007 shares of Belden which is valued at $2.4 Million.Geode Capital Management boosted its stake in BDC in the latest quarter, The investment management firm added 8,447 additional shares and now holds a total of 267,937 shares of Belden which is valued at $16.1 Million. Belden makes up approx 0.01% of Geode Capital Management’s portfolio. Quadrature Capital Ltd added BDC to its portfolio by purchasing 6,038 company shares during the most recent quarter which is valued at $361,918. Belden makes up approx 0.05% of Quadrature Capital Ltd’s portfolio.
Belden closed down -0.75 points or -1.13% at $65.87 with 1,42,992 shares getting traded on Tuesday. Post opening the session at $66.86, the shares hit an intraday low of $65.56 and an intraday high of $66.86 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.
On the company’s financial health, Belden reported $1.01 EPS for the quarter, beating the analyst consensus estimate by $ 0.06 according to the earnings call on May 4, 2016. Analyst had a consensus of $0.95. The company had revenue of $241.49 million for the quarter, compared to analysts expectations of $541.12 million. The company’s revenue was down -55.8 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $1.00 EPS.
Investors should note that on May 26, 2016, Belden announced a cash dividend of $0.0500. The company’s management has announced Jun 14, 2016 as the ex-dividend date and fixed the record date on Jun 16, 2016. The payable date has been fixed on Jul 6, 2016.
Many Wall Street Analysts have commented on Belden. Stifel Resumed Belden on Apr 4, 2016 to “Buy”, Price Target of the shares are set at $72.Company shares were Reiterated by Canaccord Genuity on Mar 31, 2016 to “Buy”, Firm has raised the Price Target to $ 70 from a previous price target of $60 .
Belden Inc. is a signal transmission solutions provider. The Companys portfolio of signal transmission solutions provides industry secure and reliable transmission of data sound and video for mission critical applications. The Company operates in four segments: Broadcast Solutions which provides production distribution and connectivity systems for television broadcast cable satellite and IPTV industries; Enterprise Connectivity Solutions which provides network infrastructure solutions for enterprise customers; Industrial Connectivity Solutions which provides infrastructure components and connectivity systems for a range of industrial automation applications and Industrial IT Solutions which provides mission-critical networking systems. Its brands include Belden Alpha Wire Mohawk West Penn Wire Hirschmann SignalTight GarrettCom Poliron Tofino PPC Grass Valley ProSoft Technology and Tripwire. It sells products to distributors end-users installers and OEMs.