Kalmar Investments Inc. DE Sells 78,075 Shares of Belden Inc. (BDC)
Kalmar Investments Inc. DE cut its position in Belden Inc. (NYSE:BDC) by 9.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 789,124 shares of the company’s stock after selling 78,075 shares during the period. Belden makes up approximately 2.1% of Kalmar Investments Inc. DE’s holdings, making the stock its 5th largest position. Kalmar Investments Inc. DE’s holdings in Belden were worth $47,639,000 at the end of the most recent quarter.
Other institutional investors have also recently added to or reduced their stakes in the company. Teachers Advisors Inc. increased its position in Belden by 340.6% in the first quarter. Teachers Advisors Inc. now owns 286,554 shares of the company’s stock worth $17,589,000 after buying an additional 221,519 shares in the last quarter. BlackRock Inc. boosted its stake in shares of Belden by 8.5% in the first quarter. BlackRock Inc. now owns 16,253 shares of the company’s stock worth $998,000 after buying an additional 1,272 shares during the last quarter. BlackRock Group LTD boosted its stake in shares of Belden by 20.8% in the first quarter. BlackRock Group LTD now owns 31,088 shares of the company’s stock worth $1,908,000 after buying an additional 5,350 shares during the last quarter. Cupps Capital Management LLC bought a new stake in shares of Belden during the first quarter worth about $3,299,000. Finally, State Street Corp boosted its stake in shares of Belden by 0.8% in the first quarter. State Street Corp now owns 1,310,743 shares of the company’s stock worth $80,458,000 after buying an additional 10,970 shares during the last quarter.
Belden Inc. (NYSE:BDC) traded up 0.03% during midday trading on Tuesday, hitting $67.33. The stock had a trading volume of 314,754 shares. The firm has a market capitalization of $2.84 billion, a price-to-earnings ratio of 23.43 and a beta of 2.27. The firm has a 50-day moving average price of $67.99 and a 200-day moving average price of $66.17. Belden Inc. has a 1-year low of $36.51 and a 1-year high of $75.91.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, October 5th. Stockholders of record on Thursday, September 15th were issued a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 0.30%. The ex-dividend date of this dividend was Tuesday, September 13th. Belden’s dividend payout ratio (DPR) is presently 6.94%.
BDC has been the subject of a number of recent analyst reports. Zacks Investment Research cut Belden from a “hold” rating to a “strong sell” rating in a research report on Tuesday, September 20th. SunTrust Banks Inc. cut Belden from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $84.00 to $79.00 in a research report on Wednesday, September 7th. Finally, Canaccord Genuity reaffirmed a “buy” rating and set a $70.00 target price on shares of Belden in a research report on Tuesday, June 28th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $77.00.
In other news, SVP Ross Rosenberg sold 2,274 shares of Belden stock in a transaction dated Wednesday, July 20th. The stock was sold at an average price of $74.00, for a total transaction of $168,276.00. Following the transaction, the senior vice president now owns 7,603 shares in the company, valued at approximately $562,622. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 1.37% of the company’s stock.
Belden Inc (Belden) 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 segments include Broadcast Solutions, Enterprise Connectivity Solutions, Industrial Connectivity Solutions, Industrial IT Solutions and Network Security Solutions.
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