Eagle Boston Investment Management Inc buys $11,918,373 stake in Belden (BDC)

Belden (BDC) : Eagle Boston Investment Management Inc scooped up 4,157 additional shares in Belden during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Jul 19, 2016. The investment management firm now holds a total of 157,922 shares of Belden which is valued at $11,918,373.Belden makes up approximately 1.56% of Eagle Boston Investment Management Inc’s portfolio.

Other Hedge Funds, Including , Simplex Trading sold out all of its stake in BDC during the most recent quarter. The investment firm sold 2,085 shares of BDC which is valued $157,355.Nisa Investment Advisors boosted its stake in BDC in the latest quarter, The investment management firm added 5,400 additional shares and now holds a total of 24,100 shares of Belden which is valued at $1,664,346. Belden makes up approx 0.02% of Nisa Investment Advisors’s portfolio. Cutler Group Lp added BDC to its portfolio by purchasing 89 company shares during the most recent quarter which is valued at $6,062.New England Research Management reduced its stake in BDC by selling 225 shares or 3.54% in the most recent quarter. The Hedge Fund company now holds 6,125 shares of BDC which is valued at $355,679. Belden makes up approx 0.31% of New England Research Management’s portfolio.

Belden opened for trading at $72.82 and hit $75.71 on the upside on Wednesday, eventually ending the session at $75.47, with a gain of 4.80% or 3.46 points. The heightened volatility saw the trading volume jump to 6,04,088 shares. Company has a market cap of $3,175 M.

On the company’s financial health, Belden reported $1.54 EPS for the quarter, beating the analyst consensus estimate by $ 0.28 according to the earnings call on Jul 19, 2016. Analyst had a consensus of $1.26. The company had revenue of $601.60 million for the quarter, compared to analysts expectations of $580.90 million. The company’s revenue was up 2.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.21 EPS.

Belden Inc. is a signal transmission solutions provider. The Company’s 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.

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