Riverwater Partners, an investment management company, released its “Small Cap Strategy” Q3 2025 investor letter. A copy of the letter can be downloaded here. The Small Cap Core Strategy reported solid results for the quarter but did not keep pace with the sharp rally, thus lagging the benchmark. The market’s preference for lower-quality companies persisted in the quarter and contributed significantly to the benchmark’s outperformance. On the other hand, the strategy remains focused on higher-quality compa ...

Core Insights - Belden, a leader in industrial networking and connectivity, reported a significant insider sale by Board member Jonathan C. Klein, who sold 3,000 shares for $372,570, indicating a strategic move to capitalize on stock price appreciation [1][9]. Transaction Summary - The sale of 3,000 shares represents the largest single disposition by Mr. Klein, exceeding his historical median sell size of 2,129 shares and accounting for 26.42% of his direct holdings at the time [6]. - Post-transaction, Mr. Klein's direct holdings decreased to 8,353 shares, reflecting a 44.64% decline from 15,089 shares held at the beginning of the reporting period in June 2024 [6]. Company Overview - Belden reported a total revenue of $2.66 billion and a net income of $228.02 million for the trailing twelve months (TTM) [4]. - The company has a dividend yield of 0.18% and a 1-year price change of 1.39% as of December 11, 2025 [4]. Financial Performance - Belden achieved record third-quarter revenue of $698 million, marking a 7% year-over-year increase, alongside a 16% year-over-year growth in earnings per share to $1.97 [10]. - The company is developing technology for physical AI, which could significantly enhance sales as the AI market expands [11]. Market Position - Belden provides signal transmission solutions, including copper and fiber cables, connectivity systems, and industrial Ethernet switches, serving enterprise and industrial markets [7][8]. - The company has a diverse customer base across various sectors, including commercial real estate, healthcare, education, government, and manufacturing [7].

CALGARY, Alberta, Dec. 11, 2025 (GLOBE NEWSWIRE) -- DIRTT Environmental Solutions Ltd. ("DIRTT" or the "Company") (TSX: DRT; OTCQX: DRTTF), a leader in industrialized construction, today announced it has entered into a letter agreement (the "Letter") with the Business Development Bank of Canada ("BDC"), pursuant to which BDC committed to lending the Company up to C$15.0 million (the "Loan") subject to the satisfaction of certain conditions. “This financing represents another important step in optimizing our ...

Core Insights - The company is transitioning from being a component supplier to a solutions provider, focusing on delivering comprehensive solutions that drive value for customers across various industries [1][2]. Group 1: Evolution of the Company's Portfolio - The shift in the company's strategy emphasizes the importance of addressing customer outcomes rather than just supplying individual products [2]. - By integrating hardware with solutions, the company aims to solve specific problems faced by customers, such as fault detection in power transmission and distribution networks [2]. Group 2: Customer-Centric Approach - Customers across different verticals have specific KPIs and desired outcomes, which the company is now focusing on to enhance productivity and efficiency [2]. - The company's approach is to understand and meet the unique needs of each customer, thereby creating tailored solutions that provide significant value [2].

Core Viewpoint - The BDC (Business Development Company) sector is facing caution due to macroeconomic uncertainty and declining interest rates, which, while making BDCs more attractive from a valuation perspective, suggests a need for careful consideration by investors [1]. Group 1 - The current macroeconomic environment is characterized by uncertainty and falling interest rates, impacting the attractiveness of BDCs [1]. - Despite the valuation appeal of BDCs, a cautious approach is recommended for investors [1]. - The article emphasizes the importance of conducting due diligence before making investment decisions [1].

Core Viewpoint - Belden Inc. is currently experiencing a slight price increase, but its stock has declined over the past month and year, raising questions about its valuation despite stable performance in the current session [1]. Group 1: Stock Performance - The current stock price of Belden Inc. is $113.75, reflecting a 0.16% increase [1]. - Over the past month, the stock has decreased by 6.96%, and over the past year, it has fallen by 7.07% [1]. Group 2: Valuation Metrics - The P/E ratio is a critical metric for long-term shareholders to evaluate market performance against historical earnings and industry standards [5]. - Belden's P/E ratio is lower than the industry average P/E of 52.86 for the Electronic Equipment, Instruments & Components sector, suggesting potential undervaluation [6]. - A lower P/E ratio may indicate that shareholders do not expect better future performance or that the stock is undervalued [6]. Group 3: Investment Considerations - While a low P/E ratio can suggest undervaluation, it may also reflect weak growth prospects or financial instability [10]. - The P/E ratio should be considered alongside other financial metrics, industry trends, and qualitative factors for a comprehensive analysis of the company's financial health [10].

Core Points - Belden Inc. has declared a quarterly dividend of $0.05 per share for common stockholders [1] - The dividend is payable on January 8, 2026, to shareholders of record as of December 11, 2025 [1] - Belden Inc. focuses on delivering complete connection solutions that enhance safety, intelligence, and prosperity for customers and the world [1]

Core Insights - Business development companies (BDCs) are currently facing challenges, but there are resilient options available in the sector, with Barings BDC (BBDC) identified as a strong choice for investors [1]. Investment Strategy - A hybrid investment strategy combining classic dividend growth stocks with BDCs, REITs, and Closed-End Funds can enhance investment income while achieving total returns comparable to traditional index funds like the S&P [1].

Group 1 - BDC bonds have been identified as one of the most attractive investment opportunities, outperforming their common stocks [1] - The trend of BDC bonds outperforming is expected to change depending on market sentiment [1] - Denislav Iliev, an experienced day trader, leads a team of analysts that focus on identifying mispriced investments in fixed-income and closed-end funds [1] Group 2 - The investing group Trade With Beta offers features such as frequent picks for mispriced preferred stocks and baby bonds, weekly reviews of over 1200 equities, IPO previews, and hedging strategies [1] - The service includes an actively managed portfolio and a chat room for discussions among sophisticated traders and investors [1]

Core Insights - Chicago Atlantic BDC, Inc. reported quarterly earnings of $0.42 per share, exceeding the Zacks Consensus Estimate of $0.35 per share, and showing a significant improvement from break-even earnings per share a year ago, resulting in an earnings surprise of +20.00% [1] - The company achieved revenues of $15.07 million for the quarter ended September 2025, surpassing the Zacks Consensus Estimate by 11.97%, compared to revenues of $3.18 million in the same quarter last year [2] - The stock has underperformed the market, losing about 17.6% since the beginning of the year, while the S&P 500 has gained 16.5% [3] Earnings Outlook - The earnings outlook for Chicago Atlantic BDC is mixed, with current consensus EPS estimates at $0.35 for the coming quarter and $1.41 for the current fiscal year, with revenues expected to be $13.99 million and $52.46 million respectively [7] - The company's Zacks Rank is currently 3 (Hold), indicating that shares are expected to perform in line with the market in the near future [6] Industry Context - The Financial - SBIC & Commercial Industry, to which Chicago Atlantic BDC belongs, is currently ranked in the bottom 20% of over 250 Zacks industries, suggesting potential challenges ahead [8] - Empirical research indicates a strong correlation between near-term stock movements and trends in earnings estimate revisions, which could impact investor sentiment [5]