Belden Inc. (BDC)’s director Bryan Cressey Paid for 2000 shares of the Company; Cornercap Investment Counsel Has Lifted Its Patrick Industries (PATK) Position

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Cornercap Investment Counsel Inc increased Patrick Industries (PATK) stake by 49.99% reported in 2017Q4 SEC filing. Cornercap Investment Counsel Inc acquired 4,754 shares as Patrick Industries (PATK)’s stock declined 10.78%. The Cornercap Investment Counsel Inc holds 14,264 shares with $991,000 value, up from 9,510 last quarter. Patrick Industries now has $1.47 billion valuation. The stock increased 1.89% or $1.1 during the last trading session, reaching $59.3. About 123,563 shares traded. Patrick Industries, Inc. (NASDAQ:PATK) has risen 34.42% since May 16, 2017 and is uptrending. It has outperformed by 22.87% the S&P500.

Investors sentiment increased to 7.26 in 2017 Q4. Its up 6.23, from 1.03 in 2017Q3. It improved, as 12 investors sold PATK shares while 11 reduced holdings. 37 funds opened positions while 130 raised stakes. 44.28 million shares or 197.84% more from 14.87 million shares in 2017Q3 were reported. Century Cos reported 38,719 shares stake. Ls Limited Company accumulated 2,911 shares or 0.01% of the stock. Glenmede Communication Na invested in 0% or 44 shares. Loomis Sayles And Limited Partnership holds 0.05% or 339,315 shares. Stifel holds 0.08% of its portfolio in Patrick Industries, Inc. (NASDAQ:PATK) for 348,905 shares. Balyasny Asset Ltd Com reported 10,000 shares stake. Blackrock accumulated 2.98 million shares. Riverhead Cap Mngmt Limited Liability Com stated it has 0.01% of its portfolio in Patrick Industries, Inc. (NASDAQ:PATK). Texas Permanent School Fund stated it has 16,143 shares. 51,038 were reported by First Trust L P. Moreover, Assetmark Inc has 0% invested in Patrick Industries, Inc. (NASDAQ:PATK) for 576 shares. Tiverton Asset Management Limited Liability stated it has 0.21% in Patrick Industries, Inc. (NASDAQ:PATK). The Ohio-based Victory Capital Mgmt Incorporated has invested 0.03% in Patrick Industries, Inc. (NASDAQ:PATK). Metropolitan Life Insur Ny invested in 7,765 shares or 0.01% of the stock. Laurion Cap Mgmt Lp invested in 3,800 shares or 0% of the stock.

More news for Patrick Industries, Inc. (NASDAQ:PATK) were recently published by: Seekingalpha.com, which released: “Patrick Industries’ (PATK) CEO Todd Cleveland on Q1 2018 Results – Earnings Call Transcript” on April 26, 2018. Seekingalpha.com‘s article titled: “Patrick Industries: Underfollowed Gem With Hefty Upside Potential” and published on April 17, 2018 is yet another important article.

Since December 13, 2017, it had 2 insider buys, and 4 sales for $11,664 activity. Forbes John A sold $65,800 worth of Patrick Industries, Inc. (NASDAQ:PATK) on Thursday, December 14. On Thursday, March 1 WELCH M SCOTT bought $336,338 worth of Patrick Industries, Inc. (NASDAQ:PATK) or 5,550 shares. Boone Joshua A also sold $54,644 worth of Patrick Industries, Inc. (NASDAQ:PATK) on Friday, March 16. Blosser Courtney sold $134,648 worth of stock. The insider Kitson Michael A sold 2,584 shares worth $172,370.

Cornercap Investment Counsel Inc decreased Fleetcor Technologies Inc Com (NYSE:FLT) stake by 18,688 shares to 12,697 valued at $2.44 million in 2017Q4. It also reduced American Tower Corp New Com (NYSE:AMT) stake by 8,282 shares and now owns 3,330 shares. El Paso Electric Co (NYSE:EE) was reduced too.

Among 6 analysts covering Patrick Industries (NASDAQ:PATK), 5 have Buy rating, 0 Sell and 1 Hold. Therefore 83% are positive. Patrick Industries had 12 analyst reports since March 31, 2016 according to SRatingsIntel. On Wednesday, January 24 the stock rating was maintained by Bank of America with “Buy”. The firm earned “Buy” rating on Thursday, March 15 by Bank of America. As per Thursday, June 16, the company rating was initiated by Sidoti. On Tuesday, October 24 the stock rating was maintained by Bank of America with “Buy”. The stock has “Buy” rating by CL King on Wednesday, August 17. The rating was maintained by Robert W. Baird on Thursday, February 15 with “Buy”. Wells Fargo maintained the shares of PATK in report on Tuesday, April 10 with “Hold” rating. As per Thursday, March 31, the company rating was downgraded by CL King. The stock of Patrick Industries, Inc. (NASDAQ:PATK) has “Buy” rating given on Friday, December 22 by Robert W. Baird. The stock has “Hold” rating by Wells Fargo on Thursday, December 14.

Analysts await Belden Inc. (NYSE:BDC) to report earnings on August, 1. They expect $1.43 earnings per share, up 10.85% or $0.14 from last year’s $1.29 per share. BDC’s profit will be $58.14M for 9.89 P/E if the $1.43 EPS becomes a reality. After $1.16 actual earnings per share reported by Belden Inc. for the previous quarter, Wall Street now forecasts 23.28% EPS growth.

Investors sentiment decreased to 1.14 in 2017 Q4. Its down 0.04, from 1.18 in 2017Q3. It dived, as 16 investors sold Belden Inc. shares while 78 reduced holdings. 39 funds opened positions while 68 raised stakes. 43.09 million shares or 0.93% less from 43.50 million shares in 2017Q3 were reported. Tower Capital Ltd Llc (Trc) has 1,287 shares. Citigroup has invested 0% in Belden Inc. (NYSE:BDC). Illinois-based Rmb Mgmt Lc has invested 0.02% in Belden Inc. (NYSE:BDC). Texas Permanent School Fund, Texas-based fund reported 28,508 shares. The California-based California Public Employees Retirement Sys has invested 0.01% in Belden Inc. (NYSE:BDC). Regions Financial Corporation stated it has 0% in Belden Inc. (NYSE:BDC). Moreover, Ftb Advsrs has 0% invested in Belden Inc. (NYSE:BDC). Piermont Capital Management invested 0.28% of its portfolio in Belden Inc. (NYSE:BDC). Hgk Asset Management Incorporated holds 0.1% of its portfolio in Belden Inc. (NYSE:BDC) for 9,378 shares. Moreover, Sei has 0.02% invested in Belden Inc. (NYSE:BDC). Ionic Capital Ltd Llc has 0% invested in Belden Inc. (NYSE:BDC). Bankshares Of New York Mellon holds 0.02% or 799,468 shares in its portfolio. Pacad Invest accumulated 0.03% or 1,600 shares. Northern Tru owns 642,485 shares or 0.01% of their US portfolio. State Treasurer State Of Michigan owns 15,200 shares or 0.01% of their US portfolio.

Belden Inc. designs, manufactures, and markets signal transmission solutions worldwide. The company has market cap of $2.30 billion. It operates through Broadcast Solutions, Enterprise Solutions, Industrial Solutions, and Network Solutions divisions. It has a 68.3 P/E ratio. The Broadcast Solutions segment offers camera solutions, production switchers, server and storage systems for instant replay applications, interfaces and routers, monitoring systems, in-home network systems, playout systems, outside plant connectivity products, and other cable, and connectivity products.

Another recent and important Belden Inc. (NYSE:BDC) news was published by Seekingalpha.com which published an article titled: “Belden: The Shift In Its Market Segments” on April 25, 2018.

Since February 27, 2018, it had 0 buys, and 2 sales for $99,466 activity. 550 shares were sold by Rosenberg Ross, worth $41,041 on Wednesday, February 28.

Among 13 analysts covering Belden Inc. (NYSE:BDC), 7 have Buy rating, 0 Sell and 6 Hold. Therefore 54% are positive. Belden Inc. has $97.0 highest and $60 lowest target. $87’s average target is 53.85% above currents $56.55 stock price. Belden Inc. had 27 analyst reports since July 24, 2015 according to SRatingsIntel. The rating was downgraded by TheStreet to “Hold” on Saturday, September 5. As per Wednesday, September 7, the company rating was downgraded by Suntrust Robinson. The company was maintained on Monday, July 10 by Canaccord Genuity. The stock has “Buy” rating by Goldman Sachs on Friday, June 23. Stifel Nicolaus maintained it with “Buy” rating and $97.0 target in Wednesday, December 6 report. SunTrust maintained it with “Hold” rating and $82.0 target in Wednesday, October 11 report. Stifel Nicolaus maintained it with “Buy” rating and $9000 target in Thursday, March 29 report. The rating was downgraded by Cross Research to “Hold” on Friday, December 1. Deutsche Bank maintained the stock with “Buy” rating in Thursday, August 3 report. The rating was upgraded by TheStreet on Friday, July 31 to “Buy”.

Belden Inc’s director Bryan Cressey bought 2,000 shares of the firm in an open market trade dated May 14, 2018. These shares were purchased at the avg. market share price which was $54.3, for a cumulative trade value of $108,612. Mr. Bryan today owns 188,925 shares, accounting for 0.46% of the Company’s total market cap. The date was May 14, 2018 when Bryan reported the transaction, and it was revealed in a 4F filing with the SEC, accessible online on this website.

The stock increased 1.25% or $0.7 during the last trading session, reaching $56.55. About 263,499 shares traded. Belden Inc. (NYSE:BDC) has risen 2.17% since May 16, 2017 and is uptrending. It has underperformed by 9.38% the S&P500.

Belden Inc. (NYSE:BDC) Institutional Positions Chart