Is Belden Inc. (BDC) Going to Burn These Hedge Funds?

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Now, some big names have jumped into Belden Inc. (NYSE:BDC) headfirst. Highbridge Capital Management also made a $7.5 million investment in the stock during the quarter. The other funds with brand new Belden Inc. (NYSE:BDC) positions are Michael Platt and William Reeves’s BlueCrest Capital Mgmt., George Hall’s Clinton Group, and Cliff Asness’ AQR Capital Management.

Let’s now take a look at hedge fund activity in other stocks – not necessarily in the same industry as Belden Inc. (NYSE:BDC) but similarly valued. We will take a look at Corporate Office Properties Trust (NYSE:OFC), Glacier Bancorp, Inc. (NASDAQ:GBCI), Nord Anglia Education Inc (NYSE:NORD), and Suburban Propane Partners LP (NYSE:SPH). All of these stocks’ market caps are closest to Belden Inc. (NYSE:BDC)’s market cap.

Ticker No of HFs with positions Total Value of HF Positions (x1000) Change in HF Position
OFC 16 99669 -2
GBCI 11 118275 -3
NORD 10 125176 -6
SPH 6 19597 -1

As you can see, these stocks had an average of 11 hedge funds with bullish positions and the average amount invested in these stocks was $91 million. That figure was $107 million in Belden Inc. (NYSE:BDC)’s case. Corporate Office Properties Trust (NYSE:OFC) is the most popular stock in this table. On the other hand, Suburban Propane Partners LP (NYSE:SPH) is the least popular one with only 6 bullish hedge fund positions. Compared to these stocks, Belden Inc. (NYSE:BDC) is more popular among hedge funds. Considering that hedge funds are fond of this stock in relation to its market cap peers, it may be a good idea to analyze it in detail and potentially include it in your portfolio.

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