Chartwell Investment Partners LLC Sells 3,719 Shares of Belden Inc. (BDC)
Chartwell Investment Partners LLC trimmed its holdings in shares of Belden Inc. (NYSE:BDC) by 5.6% during the fourth quarter, HoldingsChannel.com reports. The fund owned 62,905 shares of the industrial products company’s stock after selling 3,719 shares during the quarter. Chartwell Investment Partners LLC’s holdings in Belden were worth $4,854,000 as of its most recent filing with the SEC.
A number of other large investors have also added to or reduced their stakes in BDC. Zurcher Kantonalbank Zurich Cantonalbank increased its position in Belden by 41.2% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,462 shares of the industrial products company’s stock worth $190,000 after acquiring an additional 718 shares during the period. Ladenburg Thalmann Financial Services Inc. increased its position in Belden by 550.4% during the third quarter. Ladenburg Thalmann Financial Services Inc. now owns 2,634 shares of the industrial products company’s stock worth $212,000 after acquiring an additional 2,229 shares during the period. OxFORD Asset Management LLP bought a new position in Belden during the third quarter worth about $224,000. Palouse Capital Management Inc. bought a new position in Belden during the third quarter worth about $225,000. Finally, Stifel Financial Corp bought a new position in Belden during the second quarter worth about $286,000.
Belden Inc. (BDC) opened at $73.21 on Friday. The company has a quick ratio of 1.59, a current ratio of 2.02 and a debt-to-equity ratio of 1.09. Belden Inc. has a 1-year low of $64.60 and a 1-year high of $87.14. The company has a market cap of $3,069.77, a PE ratio of 13.76 and a beta of 2.29.
BDC has been the topic of a number of recent research reports. TheStreet lowered shares of Belden from a “b” rating to a “c+” rating in a research report on Wednesday, November 1st. Zacks Investment Research raised shares of Belden from a “hold” rating to a “buy” rating and set a $92.00 price target on the stock in a research report on Friday, November 3rd. Cross Research lowered shares of Belden from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. Canaccord Genuity reaffirmed a “buy” rating and set a $94.00 price target on shares of Belden in a research report on Friday, December 1st. Finally, Stifel Nicolaus raised their price target on shares of Belden from $90.00 to $97.00 and gave the stock an “in-line” rating in a research report on Wednesday, December 6th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and six have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $91.43.
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Belden Inc is a signal transmission solutions provider company. The Company operates through five segment: Broadcast Solutions (Broadcast), Enterprise Connectivity Solutions (Enterprise), Industrial Connectivity Solutions (Industrial Connectivity), Industrial IT Solutions (Industrial IT), and Network Security Solutions (Network Security).
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