Monday, November 20, 2017 10:15 PM ET
Significant Insider Selling in Shares of Belden (BDC) Continues
One insider — John M Monter, Director — today, disposed of 15,000 shares of Belden having a market value of approximately $1,236,900, as indicated in a form 4 document filed with the SEC. There was one insider buy/sell transaction in the past 90 days prior to this transaction which resulted in the sale of 3,709 shares. Adding the most recent activity to this 90-day history indicates insider trades have been net sales of 18,709 shares and have averaged 9,355 shares per transaction over this time period.
Over the last 90 days, the number of insider buy/sell trades at Belden is higher than its 69-company peer group average. The Communications & Networking peer group saw 97 buy/sell trades during this period for an average of 1.4 transactions per company. However, the number of shares traded per transaction by Belden insiders is lower than its peers. Within the peer group there were 156,376 shares purchased and 1,041,070 shares sold with company insiders selling 9,121 shares on average over this time period.
Insider buying and selling activity that is significant has been determined by eliminating all trading activity reported to the SEC that involves awards, options, exercise of derivative securities, company buy-backs, taxes, gifts, shares acquired via inheritance and tenders or exchange offers in creating and writing this story.
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