5,862 Shares in Belden Inc. (NYSE:BDC) Acquired by GSA Capital Partners LLP

GSA Capital Partners LLP purchased a new position in shares of Belden Inc. (NYSE:BDC) in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 5,862 shares of the industrial products company’s stock, valued at approximately $687,000.

A number of other large investors have also recently added to or reduced their stakes in the stock. Los Angeles Capital Management LLC acquired a new stake in Belden in the 3rd quarter valued at approximately $608,000. Atria Investments Inc lifted its position in shares of Belden by 9.5% during the 3rd quarter. Atria Investments Inc now owns 6,340 shares of the industrial products company’s stock worth $743,000 after buying an additional 552 shares during the period. Verdence Capital Advisors LLC boosted its stake in shares of Belden by 4.5% in the 3rd quarter. Verdence Capital Advisors LLC now owns 3,465 shares of the industrial products company’s stock valued at $406,000 after purchasing an additional 148 shares in the last quarter. Foster & Motley Inc. boosted its position in Belden by 25.3% in the third quarter. Foster & Motley Inc. now owns 38,675 shares of the industrial products company’s stock valued at $4,530,000 after buying an additional 7,819 shares in the last quarter. Finally, Harbor Capital Advisors Inc. grew its position in Belden by 126.0% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 33,505 shares of the industrial products company’s stock worth $3,924,000 after acquiring an additional 18,678 shares during the last quarter. Institutional investors own 98.75% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have commented on BDC. Vertical Research began coverage on shares of Belden in a report on Tuesday, July 23rd. They set a “buy” rating and a $110.00 price objective on the stock. Benchmark upped their price objective on Belden from $120.00 to $130.00 and gave the company a “buy” rating in a report on Friday, November 1st. Finally, Truist Financial increased their target price on shares of Belden from $124.00 to $136.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Five investment analysts have rated the stock with a buy rating, According to data from MarketBeat, Belden has an average rating of “Buy” and a consensus price target of $122.75.

Insider Transactions at Belden

In other news, CAO Doug Zink sold 1,324 shares of the stock in a transaction that occurred on Tuesday, November 5th. The stock was sold at an average price of $117.49, for a total transaction of $155,556.76. Following the transaction, the chief accounting officer now owns 9,643 shares in the company, valued at approximately $1,132,956.07. This trade represents a 12.07 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 1.59% of the stock is currently owned by corporate insiders.

Belden Trading Down 1.0 %

NYSE:BDC opened at $118.61 on Monday. Belden Inc. has a twelve month low of $65.52 and a twelve month high of $131.82. The business has a 50 day moving average price of $115.88 and a two-hundred day moving average price of $103.03. The company has a market cap of $4.78 billion, a P/E ratio of 27.58 and a beta of 1.07. The company has a quick ratio of 1.43, a current ratio of 2.07 and a debt-to-equity ratio of 0.99.

Belden (NYSE:BDC) last issued its quarterly earnings results on Thursday, October 31st. The industrial products company reported $1.70 EPS for the quarter, beating the consensus estimate of $1.61 by $0.09. The firm had revenue of $654.90 million during the quarter, compared to analysts’ expectations of $643.63 million. Belden had a return on equity of 20.55% and a net margin of 7.61%. The business’s quarterly revenue was up 4.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.78 earnings per share. As a group, analysts expect that Belden Inc. will post 6.12 EPS for the current fiscal year.

Belden Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 8th. Investors of record on Thursday, September 12th were issued a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 0.17%. The ex-dividend date of this dividend was Thursday, September 12th. Belden’s payout ratio is currently 4.65%.

Belden Profile

Belden Inc designs, manufactures, and markets a portfolio of signal transmission solutions for mission critical applications in the Americas, Europe, the Middle East, Africa, and the Asia-Pacific. It operates in two segments, Enterprise Solutions and Industrial Automation Solutions. The Enterprise Solutions segment offers copper cable and connectivity solutions, fiber cable and connectivity solutions, interconnect panels, racks and enclosures, and signal extension and matrix switching systems for use in applications, such as local area networks, data centers, access control, 5G, fiber to the home, and building automation.